PayPal Restructures to Make Cryptocurrency a Core Business

PayPal has long connected about 200 markets worldwide through its digital wallet, merchant acquiring services and Venmo. In August 2023, it launched PYUSD, a stablecoin pegged to the U.S. dollar at $1. Bringing crypto assets into its core structure means they are no longer merely an add-on, but a key foundation for cross-border settlement, merchant services and Web3 growth.

PayPal announced on April 29, 2026, that it would reorganize into three businesses: Checkout Solutions and PayPal; Consumer Financial Services and Venmo; and Payment Services and Cryptocurrency. The third unit combines Braintree, small-business payments, value-added services and PYUSD. Anshu Bhardwaj was appointed chief AI transformation and simplification officer, with further details due at the company’s May 5 earnings call.