PayPal plans to extend its cryptocurrency initiatives to include Venmo, more merchants, and central banks.

PayPal CEO Dan Schulman provided new details about the company’s recent embrace of Bitcoin and other cryptocurrencies on Monday, describing plans for shopping tools as well as potential partnerships with central banks.

Schulman’s remarks, which came during an earnings call after PayPal posted record third quarter revenues, follows the company’s announcement last month that it will soon allow users to buy cryptocurrency within its app.

According to Schulman, starting in the first half of next year PayPal will let users draw from cryptocurrency accounts to pay for goods and services at 28 million merchants that use the company’s platform. The arrangement, he says, will not result in any incremental fees for either consumers or merchants.

Next year’s expansion will also enable customers to use Venmo, its popular peer-to-peer payment service, to buy and shop with cryptocurrencies.

fortune.com/2020/11/02/paypal-cryptocurrency-bitcoin-venmo/