PayPal is ready to launch its super app wallet soon. According to PayPal CEO Dan Schulman, the company’s super app wallet is code complete! Because of that, PayPal will bring the app to the market within the next months!
But what is so special about the super app wallet?
The app supports a couple of useful features such as high yield savings, early access to direct deposit funds, messaging capability, “additional crypto capabilities,” and much more!
Innovations like this app could bootstrap mass adoption!
When PayPal announced to enable crypto payments on its platform, the crypto space went crazy! And now PayPal will enroll an app that supports, e.g., high yield savings!
In plain words, the average Joe can use crypto quickly and can do much more than just purchasing cryptocurrencies. More people could start to use crypto actively! Demand for crypto services is here already! Venmo, the PayPal-owned payments firm, launched crypto trading in April. And Dan Schulman said, that there has been a strong demand for crypto trading on Venmo.
“We’re one of a few payments companies to allow consumers to use cryptocurrency as a funding source. We are also seeing strong adoption and trading of crypto on Venmo.”Dan Schulman, PayPal CEO
Mass adoption is thriving!