PayPal Announces Strategic Restructuring, Establishing a Standalone Cryptocurrency Business Unit
According to an official PayPal announcement, PayPal unveiled a strategic restructuring on April 29, 2026, consolidating its operations into three major business units: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Cryptocurrency. The cryptocurrency unit will integrate Braintree, SMB payment processing, and the stablecoin PYUSD, among other businesses.
At the executive level, Frank Keller has been appointed President of Checkout Solutions & PayPal, while Jeff Pomeroy will serve as Interim Head of Payment Services & Cryptocurrency. Diego Scotti, Head of Consumer Business, and Michelle Gill, Head of Small Business & Financial Services, will depart the company in succession.
The company will disclose further details about the new operating model during its earnings call on May 5.
