0/ $PYPL CEO "A digital-first world is no longer our future. It's our current reality & it will forever change the way we interact across almost all elements of our lives... The pandemic has accelerated a digital wave of change across almost every industry by 3-5 years"

1/ "Today's digital reality is rapidly accelerating the need for a digital wallet that encompasses payments, financial services & shopping. This year, our digital wallet will change more than it has ever changed before, significantly increasing its functionality within a single,

2/ integrated and beautifully designed app, that should meaningfully increase consumer engagement. In '20, we made significant progress in expanding the functionality of our PayPal and Venmo wallets. We added the ability to buy, sell & hold cryptocurrencies,

3/ the option to BNPL, direct deposit, check cashing and bill payment capabilities. We introduced Venmo and PayPal QR codes for in-store purchasing as well as our Venmo credit card. This year, we expect to work with our financial industry partners to introduce even more

4/ functionality, including budget & savings tools, investment alternatives, including, but not limited to crypto, & enhanced bill pay options. We also intend to fully integrate the entire suite of Honey's shopping tools, including wish lists, price monitoring, deals, coupons &

5/ rewards for use in the physical and digital worlds. I'm very pleased with the early reception of our PayPal and Venmo QR codes, which are now accepted at over 600,000 retail locations. In 2020, we signed 29 large enterprises.

6/ Across all of our in-store efforts, including QR, tap and pay and cards, we processed over $20 billion of TPV, with almost 10M consumers using PayPal in store. We also saw an exceptional response from our crypto launch, even with high initial expectations the volume of crypto

7/ traded on our platform greatly exceeded our projections. We are significantly investing in our new crypto, blockchain and digital currencies business unit in order to help shape this more inclusive future."

8/ The $PYPL team is now executing the re-bundling digital wallet thesis to the t & are going head-to-head with $SQ & Cash-App in the US.

This is a big opportunity for infrastructure providers.

9/ When asked directly about that he said- "We start to build out our digital wallet really into the Super App that transcends across payments commerce & financial services, all of that on a common platform all of that leveraging common data elements machine learning on top

10/ of that to give next recommendations I think we are going to see, as I mentioned in my opening remarks , a real band in the historic rate of engagement & it's going to be all around next perhaps functionality & that digital wallet moving well beyond just payments."