Benzinga - PayPal Holdings Inc (NASDAQ:PYPL) on Tuesday disclosed in a 10-Q filing with the Securities and Exchange Commission, or SEC, that it holds nearly $1 billion worth of customer assets in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Bitcoin Cash (CRYPTO: BCH) and Litecoin (CRYPTO: LTC) on its balance sheet.
What Happened: However, not everyone in the cryptocurrency community seems impressed with this disclosure, as Binance CEO Changpeng Zhao, popularly called as "CZ," took to Twitter to express his dissatisfaction.
While FUD flying everywhere, PayPal did a 4. https://t.co/Mr9uvp9hUk— CZ