Economy
Relationship between PayPal, Central Banks and Cryptocurrencies?
Cryptocurrencies’ mainstream popularity has generally been restricted as a trading tool by its poor use owing to volatility, costs and transaction speed.
The possibility of improved technology platforms, nevertheless, allows digital currencies to be integrated. One in 10 financial institutions representing over one-fifth of the world population – expects to issue its own numerical currencies over the next three years, according to a poll carried out by the Bank for International Settlements.
“The change to virtual currencies is imminent with clear benefits in respect of monetary inclusiveness and access; the financial system’s effectiveness, speed and resilience; and the capacity to transfer public money swiftly for governments,” says Dan Schulman, President, and CEO, PayPal.
“We have the chance and the obligation to assist us to comprehend, re-deem, and inter-operable these new exchange instruments on a worldwide basis and via the aid of digital transactions, the dual side network, and stringent compliance and security checks. We are committed to working with central banks and authorities worldwide to help us.”
In order to pay for 26 million PayPal businesses worldwide, PayPal clients may utilize their bitcoin investments as a financial resource. With value certainties and no further charges, customers may immediately change their preferred cryptocurrency balance to fiat currency.
There is no additional integration or cost for PayPal dealers as all transactions are processed at the current PayPal rate using fiat currencies.
Cryptocurrency simply becomes another form of financing within the PayPal digital wallet by giving greater benefit to bitcoin holders and solving past volatility, costs, and speed issues related to cryptocurrency transactions.
The cryptocurrency and Paypal
In 2020, the digital payment corporation pushed into crypto and the system now enables people in the United States to purchase, market, hold and check out using cryptos, such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
Venmo, which is the wallet owned by PayPal, can also purchase and sell cryptocurrency for consumers. You may start by investing as little as $1 and do not need to register a specific cryptocurrency account.
It should be said that one of the biggest industries which adopt cryptocurrencies is the Forex market, which is the world’s largest and the most liquid market.
So, it goes without saying that traders who are involved in FX trading can use PayPal as a payment method. For these reasons, many investors are searching for Forex brokers that accept PayPal in order to deposit their accounts with digital currency. Hence, both PayPal and FX brokers are in a win-win situation and can get benefits from their customers.
Normally, you have two items to make this company legitimate when you buy bitcoin: a public and an encrypted data combination. Your wallet is the public key, and you administer the wallet with your individual and secured key.
You can access your public address with PayPal, but the firm monitors your secret key.
The company says in the “Crypto on PayPal FAQ” section of the program, “that it is not possible to move cryptography to other PayPal on or off your accounts. It is a constraint that seems strange since it should be the security you possess.
It is like depositing US$ with Bank of America. You trust the Bank of America has your bank accounts with U.S. money and they give you an IOU.
This makes it impossible for users to move their bitcoin to cold storage or to transfer money to a bank account outside of the Paypal platform.
Paypal and Central Bank
PayPal might be the equivalent of private banks to central bank digital currency (CBDC). During the company’s investor day on Thursday, CEO Dan Schulman sketched out a vision for PayPal’s digital wallets to be the vehicle through which central banks distributed CBDCs to customers of all income levels.
This is a once-in-a-decade opportunity to reshape the system’s core rails, and we have the potential to help design it. The firm also revealed additional data on the transaction activity of its clients who utilize its cryptocurrency products.
Individuals that utilize PayPal’s cryptocurrency services have a 12% boost in week-based transactions on the site. This really is due, in addition, to the fact that more than 40% of PayPal consumers in the United States who do use cryptocurrency returning to perform more than two further transactions, according to the PayPal company.
How are investors allowed to get cryptocurrencies through Paypal?
PayPal makes it simple for you to join the cryptocurrency global marketplace. You may transact in minutes and use the proceeds in your own Personal PayPal Cash or PayPal Cash Plus accounts to finance transactions and pay for goods. At the moment, Business Accounts are not accessible.
Crypto, an abbreviation for Cryptocurrency, is a decentralized cryptocurrency that you can purchase, sell, and store safely in your PayPal account.
Digital currency values will increase and fall – perhaps dramatically. Before engaging with Cryptocurrencies, it is essential that you conduct research and examine all actions (buy/sell/hold).
You may buy cryptocurrency fractions for only $1. You are allowed to determine how much you’d like to be involved.
The Crypto check-out enables clients to PayPal for the sale of their crypto-currencies and then to complete the real US dollar transactions.
For companies that don’t actually make any difference in USD, not a cryptocurrency, they are still compensated. The PayPal functionality, however, makes it easy for the consumers to make their purchases easily utilizing cryptocurrencies in the same checkout procedure.
If the client has sufficient cryptocurrencies to settle for its financial exchange then, amongst other regular payment options, such as the client’s bank account, PayPal balance, or credit and debit card, the Crypto Check-out function will emerge. Check-out on Crypto will also feature security features such as fraud, returns, and purchase protection for approved products PayPal says, as are the other payment options, the company says.
By Aduragbemi Omiyale
The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) for the Nigerian private sector in July 2026 contracted to 52.5 points from 53.4 points in June 2026, a statement made available to Business Post has shown.
This occurred despite the business environment sustaining its growth last month, with an increase in new orders experienced, as inflationary pressures softened, and output and employment modestly rising.
The Head of Equity Research West Africa at Stanbic IBTC Bank, Mr Muyiwa Oni, said the PMI indicated that the private sector recorded its slowest since March 2026, as businesses also increased their input purchasing activity to keep up with current demand requirements and prepare for future workloads.
“Nigerian businesses reported improved customer demand in July while better pricing and new product launches also helped them to capture new orders arising from the increase in demand. These factors helped to keep the private sector activity in an expansionary territory, although this moderated when compared to June,” he was quoted as saying.
It was stated that while input costs increased at their slowest pace in five months, panellists reported higher costs for fuel and raw materials. Selling prices also softened in line with the picture for input costs in July.
Headline inflation eased slightly to 15.91 per cent y/y in June from 15.93 per cent y/y in May, snapping three consecutive months of price increases.
Although July inflation is likely to be higher m/m, it is expected to print lower, likely at 15.72 per cent y/y, primarily driven by favourable base effects from the corresponding period of last year, because there are no expectations of the magnitude of m/m inflation witnessed in July 2025 (1.99 per cent) to materialise this year.
“We retain our 2026 growth forecasts at 4.1 per cent as we see the oil sector growing by 3.45 per cent y/y in 2026, from 8.50 per cent y/y in 2025, while the non-oil sector is likely to grow by 4.11 per cent y/y, from 3.71 per cent y/y in 2025.
“The risks to our outlook include country-wide insecurity which may constrain food production, exchange rate pressures resurfacing, extreme-weather related conditions and higher fertiliser prices impacting crop yield, and a volatile global environment which may affect sentiment and constrain capital flows,” Mr Oni noted.
By Adedapo Adesanya
Sahara Upstream, a Nigeria-focused crude producer, has deployed a new 380,000-barrel tanker to boost exports from the OML 18 block as part of a wider push by domestic operators to invest in infrastructure and lift output and exports for Africa’s biggest oil producer.
The MT D Adesanya, which can hold more than 62,000 cubic metres of crude, will operate alongside the MT D Bayero, receiving crude from shuttle vessels at Bonny Anchorage, one of Nigeria’s main crude export hubs, before transferring it to the FSO Cawthorne storage facility.
Sahara said the tanker would help cut turnaround times, currently about 30 to 48 hours, and support a planned 50 per cent increase in exports from the block’s current level of about 950,000 barrels per month.
The block currently produces about 36,000 barrels per day, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), with Sahara targeting output of 60,000 barrels per day.
OML 18 is one of the Niger Delta’s oldest producing assets. It began production in 1970 and contains an estimated 1.5 billion barrels of oil equivalent in reserves.
Shell, Total and Eni sold their combined interests to Eroton in 2015 as part of a broader shift toward domestic ownership in Nigeria’s upstream sector.
This development comes as Sahara Upstream is deepening its exploration and production footprint through Asharami Energy Limited (AEL), its upstream E&P business, which says it is targeting 350,000 barrels of oil per day by 2030 through its subsidiary, Enageed Resources Limited (ERL).
The growth target comes as AEL also marks a major safety milestone, achieving 6 million Lost Time Injury (LTI)-free man-hours in its OML-148 operations — reinforcing the company’s commitment to operational excellence and safety leadership.
According to Asharami Energy, the milestone reflects its ability to execute complex operations safely, in line with Sahara’s Beyond XXX vision, which builds on the group’s 30-year legacy of responsible enterprise while marking its next chapter of impact, innovation, and sustainable growth.
The developments position Sahara Upstream and its subsidiaries among the domestic operators driving increased investment in Nigeria’s oil and gas infrastructure, as the group works to scale up production and exports for Africa’s biggest oil producer.
By Aduragbemi Omiyale
One of the leading energy firms in Nigeria, Aradel Holdings Plc, has expressed its desire to optimise its enlarged portfolio and improve operational efficiency in the second half of 2026.
The company is planning to build on the success it recorded in the first half of the year, where it grew its revenue by 577 per cent to N2.5 trillion from N368.1 billion in H1 2025.
The significant rise in earnings was driven by higher production volumes together with stronger realised crude oil and gas prices, with the average at $90.4/bbl and $2.08/mmscf, respectively.
In the period under review, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 688 per cent to N1.4 trillion from N176.4 billion in the corresponding period of last year, while the operating profit surged by 789 per cent to N1.1 trillion from N118.6 billion due to higher revenue and crude handling income at N149.8 billion, partly offset by underlift cost and general and administrative costs.
The net cash generated from operations was N975.6 billion between January and June 2026 versus N140.8 billion in the same period of 2025, reflecting the cash generation of the enlarged organisation.
The net debt contracted by 70 per cent on a year-to-date basis to N46.5 billion from N475.1 billion as of December 31, 2025.
Aradel, in the period under consideration, improved its post-tax profit by 30 per cent to N191.0 billion from N146.4 billion, a development that impressed its chief executive, Mr Adegbite Falade, who said, “A firmer price environment supported performance, generating net cash from operating activities of N975.6 billion and a closing cash balance of N1.7 trillion.”
“Our enlarged portfolio provides more opportunities to generate stronger cash flow and returns for shareholders and unlocking that potential is our main focus.
“We reaffirm our full year production guidance of 110 – 140 kboepd and remain committed to operating responsibly in a changing energy landscape and to delivering lasting value for our stakeholders,” he stated.
