{"id":96706,"date":"2026-04-30T17:46:08","date_gmt":"2026-04-30T14:46:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96706"},"modified":"2026-04-30T17:50:10","modified_gmt":"2026-04-30T14:50:10","slug":"paypal-restructures-business-to-establish-cryptocurrency-division","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paypal-restructures-business-to-establish-cryptocurrency-division\/","title":{"rendered":"PayPal Restructures Business to Establish Cryptocurrency Division"},"content":{"rendered":"<p>Payment company PayPal <a href=\"https:\/\/investor.pypl.com\/news-and-events\/news-details\/2026\/PayPal-Announces-Strategic-Reorganization-to-Accelerate-Growth\/default.aspx\">announced<\/a> a business reorganization. The management structure will be divided into three areas, one of which will focus on digital assets. <\/p>\n<p>The new structure is as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Payment Services &#038; Crypto:<\/strong> this division will combine platform solutions, processing, and cryptocurrency services, including <a href=\"https:\/\/forklog.com\/en\/news\/what-is-paypals-pyusd-stablecoin\">the stablecoin PYUSD<\/a>. Jeff Pomeroy has been appointed as the interim head;<\/li>\n<li><strong>Checkout Solutions &#038; PayPal:<\/strong> this area will unite services for consumers and merchants under the leadership of Frank Keller;<\/li>\n<li><strong>Consumer Financial Services &#038; Venmo:<\/strong> a consumer financial services platform based on the Venmo app. Alexis Sowa has been appointed as the interim head.<\/li>\n<\/ul>\n<p>PayPal CEO Enrique Lores noted that the restructuring will simplify decision-making, increase accountability, and accelerate the company&#8217;s growth. <\/p>\n<p>Due to the changes, two top executives will leave the firm: Executive Vice President of the Consumer Group Diego Scotti and Head of the Small Business Division Michelle Gill. <\/p>\n<p>New leaders have been appointed in their place: Antonio Lucio as Chief Marketing Officer and Anshu Bhardwaj as Director of AI Transformation.<\/p>\n<p>The company will reveal details of the new operating model on May 5, during the release of its financial report.<\/p>\n<p>In February, PayPal, MoonPay, and M0 <a href=\"https:\/\/forklog.com\/en\/news\/paypal-and-moonpay-to-launch-stablecoin-platform\">announced<\/a> the PYUSDx product, which will allow developers to issue their own stablecoins based on PYUSD for specific ecosystems and applications.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payment company PayPal announced a business reorganization. The management structure will be divided into three areas, one of which will focus on digital assets.<\/p>\n","protected":false},"author":1,"featured_media":96707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"PayPal announced a business reorganization focusing on digital assets.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,182],"class_list":["post-96706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-paypal"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"PayPal announced a business reorganization focusing on digital assets.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96706"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96706\/revisions"}],"predecessor-version":[{"id":96708,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96706\/revisions\/96708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96707"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}