Connect with us

Hi, what are you looking for?

Tech News

PayPal announces a new CEO as its crypto push accelerates

An image of the PayPal spelled-out logo on a background of black and white outlines of the same.
Illustration by Alex Castro / The Verge

PayPal’s new CEO will be Alex Chriss, starting September 27th, as first reported by CNBC. Chriss is currently the senior VP and CPO of small business for Intuit, and he will replace Dan Schulman. Schulman, who has been PayPal’s president and CEO since 2014, had previously announced plans to step down by the end of the year and will remain a director until next May.

The company recently announced its own US dollar-backed stablecoin called PayPal USD (PYUSD) earlier this month, allowing people to make person-to-person payments and transfer the currency between PayPal and other outside wallets. Cointelegraph reports that, on the same day, the PayPal terms of service also updated to mention a new Cryptocurrencies Hub where users can manage…

Continue reading…

You May Also Like


Collaboratively administrate turnkey channels whereas virtual e-tailers. Objectively seize scalable metrics whereas proactive e-services.


Quickly coordinate e-business applications through revolutionary catalysts for change. Seamlessly underwhelm optimal testing procedures processes.

Editor's Pick

Gene Healy Last week, the New York Times ran a front-page story admiring President Biden’s political acumen on culture-war issues (“Biden Sidesteps Any Notion...

Editor's Pick

David Boaz I’ve written before about whether athletes take state taxes into account when they weigh competing offers. Here’s another example: Grant Williams left...