Digital payments continue to rise rapidly – and they show no signs of slowing down. The total transaction value in the digital payments market is expected to reach approximately $20 trillion by 2025, more than double where we were in 2020. Consumer preferences are changing, and technology is making it possible.
Therefore, it is with great excitement that we share that PayPal, a global leader and true pioneer in digital payments, has joined CCI as its newest member. This marks an exciting step forward in CCI’s mission to make blockchain technology, digital assets, and digital payments more accessible and useful and help shape the responsible development of the industry worldwide.
PayPal’s decision to join CCI reflects the mutual recognition that the voice of responsible innovation in e-commerce needs to be present in critical policy discussions. We are thrilled to collaborate with such a respected global leader and look forward to the expertise PayPal brings to our organization.
“At PayPal, we are committed to revolutionizing commerce by driving innovation and expanding use of digital payments globally,” said Amy Kim, Head of Government Relations for Digital Currencies at PayPal. “By joining forces with the Crypto Council for Innovation, we can help shape policies that support responsible growth in e-commerce and unlock new opportunities.”
PayPal has long been a pioneer and innovator. With tens of millions of merchants using PayPal around the globe, the company plays an integral role in the growth and adoption of digital payments globally, aligning with the broader industry’s upward trajectory. PayPal’s membership strengthens CCI’s ability to advocate for policies that support entrepreneurship and innovation, while ensuring consumer protection. PayPal’s involvement underscores the importance of fostering a collaborative, global approach to shaping the future of digital finance.
As part of the CCI network, PayPal will join other industry leaders in engaging with policymakers, regulators, and stakeholders worldwide. Together, CCI aims to:
- Drive informed discussions about the responsible adoption of blockchain and crypto technologies, including for payment purposes.
- Advocate for balanced policies that promote innovation and protect consumers.
- Collaborate on initiatives that enhance global financial inclusion and economic growth.
As we navigate the evolving digital finance landscape, perspectives from members like PayPal ensure that we are bringing the entire picture of our growing digital economy to policymakers and regulators worldwide. We are excited to work with PayPal and all our members to continue shaping the future for blockchain and digital assets.
