PayPal Hits Record Payment Volume, Expands Crypto Division

PayPal's Q2 results exceeded expectations, with $486.4 billion in total payment volume, up 10% year over year.

The company also confirmed a reorganization that hands crypto its own division inside the company, named Payment Services & Crypto.

This unit sits alongside Checkout Solutions & PayPal and Consumer Financial Services & Venmo.

In its presentation, PayPal listed stablecoins as one of three areas it is expanding into under an “innovating with discipline” heading, next to agentic commerce and identity and biometrics.