PayPal names Intuit’s Alex Chriss as its new CEO

PayPal Holdings said on Monday that Alex Chriss, a top executive at tax-preparation software firm Intuit, would replace its longest-serving chief executive officer Dan Schulman on Sept. 27.

The change of guard marks a watershed moment for digital payments giant PayPal, which has been looking to push deeper into the cryptocurrency payments space with the launch of a U.S. dollar stablecoin last week.