PayPal's Move to Allow Crypto Transfers to External Wallets the First Step Away From Fiat World, CEO Says

“We will instantaneously take your crypto and translate it in to fiat, and you will be able to use that in any one of our 35 million merchant accounts, so we are trying to add functionality,” Schulman said. “But what we just did with transfers is kind of like the opening step as you might think about us moving from a fiat-orientated world to a digital currency one.”