Global payment powerhouse Paypal may be considering expanding into the retail investment industry, reports show. According to CNBC, the company is considering allowing its users to trade stocks and has hired brokerage industry veteran Rich Hagen for this purpose. After leaving his CEO role at Ally Invest, Hagen joined Invest at Paypal, a new division about which there are very few details now, although his LinkedIn account notes that Hagen is in charge of "exploring opportunities" in the field. consumer investment. . This is in line with what Paypal CEO Dan Schulman said at the company's Investor Day in February XNUMX when reviewing his long-term vision, which included the possibility of including "investments in capabilities" in the context of the company's offerings. This is far from Paypal's first foray into investing. Over the past year, it has expanded into the cryptocurrency market, slowly allowing a growing number of users to buy, hold, and sell bitcoins. This service was recently extended to the UK, allowing Brits to buy or sell bitcoin, bitcoin cash, ethereum or litecoin.