PayPal to merge crypto and payments divisions

PayPal (PYPL) has announced a reorganization that will consolidate its operations into three new business divisions, merging its cryptocurrency unit with its payment services arm. The company will now be structured around the following three segments: - PayPal & Payment Solutions - Venmo & Consumer Finance - Payment Services & Cryptocurrency Further details on the new business structure are expected to be released during the company's earnings call on May 5.