Global payments provider PayPal is in the process of recruiting for several cryptocurrency-related positions at its Republic of ireland offices, further highlighting the company's ambitions in the chop-chop growing digital nugget market.

The Dublin-based Irish Independent reported Lord's day that PayPal is looking to fill various crypto-focused roles in compliance, Anti-Money Laundering and business development for its Dublin and Dundalk offices.

Related: PayPal prepare to launch crypto trading in the UK and may embrace DeFi

PayPal launched a defended crypto and blockchain business unit of measurement earlier this year to support its foray into cryptocurrencies, which initially began in October 2022 by allowing customers in the United States to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). In March of this year, the company expanded its offer by allowing U.S. customers to pay for goods and services by using their digital asset holdings. 2 months later, PayPal said it would allow customers to withdraw their cryptocurrencies to third-political party wallets.

Dan Schulman, CEO of PayPal, said in April that his visitor'due south crypto business exceeded all expectations in its first six months of operations. The rapid uptake of digital assets such as Bitcoin and Ether coincided with a massive price surge that pushed the overall cryptocurrency market place to a nearly $2.6-trillion valuation. Although prices corrected sharply between May and July, crypto markets appear to have found a bottom and are now trekking up again.

During PayPal'southward quarterly earnings call terminal week, Schulman indicated that the company'south crypto trading service would exist coming to the United Kingdom in the very almost future. Upgrades that would allow for faster payments processing are also in development, he indicated.

Related: PayPal users will be able to withdraw crypto to external wallets