- PayPal reported an $81 million net loss from its cryptocurrency business in the second quarter.
- The company said the crypto unit is operated separately, so the loss did not affect operating expenses.
- PayPal reported second-quarter revenue of $8.68 billion and net income of $1.104 billion, beating market estimates.
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PayPal reported an $81 million net loss from its cryptocurrency business in the second quarter.
Crypto media outlet U.Today reported on July 28 that the loss followed a $74 million loss in the first quarter. PayPal said the crypto unit is operated separately, meaning the loss did not affect operating expenses.
Its core business, however, was stronger….
