The Crypto Beat PayPal SVP Jose Fernandez da Ponte outlines the payment giant's crypto strategy
May 19, 2025
Jose Fernandez da Ponte, SVP of Blockchain, Crypto and Digital Currencies at PayPal, shares insights into the payment giant's bold crypto strategy. He discusses the launch of PayPal's stablecoin, PYUSD, and its potential to compete with Tether and USDC. Fernandez also highlights emerging use cases for stablecoins in everyday transactions and the growing involvement of traditional finance in crypto. With a focus on compliance and innovation, he outlines PayPal’s vision for integrating blockchain in the future of finance.
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Jose's Crypto Origin Story
- Jose Fernandez da Ponte got involved with crypto in 2015 focused on payments.
- He was experimenting with Ripple for cross-border transfers between Europe and Latin America.
PayPal's 5-Year Crypto Path
- PayPal's crypto journey started with easy consumer access in 2020.
- Next steps were on-chain transfers and launching the PYUSD stablecoin for payments.
Demand for Tokens and Yield
- Consumers want more token options and ways to earn yield on holdings.
- PayPal remains selective, adding tokens like Solana and Chainlink with strong utility.