PayPal CEO Says Cryptocurrency Will Revolutionize Financial System By DailyCoin

PayPal CEO Says Cryptocurrency Will Revolutionize the Financial System

Dan Schulman is the CEO of PayPal (NASDAQ:) and a cryptocurrency supporter. Through Axis Tel Aviv’s videoconference, Schulman shared his thoughts on cryptocurrencies, as he sees a bright future in crypto and believes blockchain will bring new opportunities in the financial sphere:

“The intersection between the CBDC, stablecoins, digital wallets, and the enhanced utility of payments via cryptocurrencies is not only fascinating, but I believe it will redefine much of the financial world in the future. coming.” However, Schulman does not see value or any other cryptocurrency as the main focal point. Instead, it explores how digital assets can impact today’s financial system.

“I am very excited about what crypto and digital ledger technology can do for the financial system in the future. I think the first things everyone thinks about crypto, buying and selling it, and what the price of bitcoin will be tomorrow is the least interesting part of digital currencies for me,” did he declare.

PayPal, founded by renowned crypto advocates such as Peter Thiel and Elon Musk, pioneered online financial services and advanced traditional payment methods in the late 1990s.

PayPal is making progress even further – the fintech company recently revealed that it is developing its own cryptocurrency, a stablecoin possibly pegged to the US dollar.

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Don F. Davis