PayPal CEO: cryptocurrencies and blockchain will reform the financial system

Dan Schulman is convinced that the real potential of digital assets lies in payments

14.03.2022 - 15:30

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1 min

What’s new? Paypal CEO Dan Schulman has shared his views on the future of cryptocurrencies and blockchain technology in the financial system. He believes that the real potential of digital currencies lies in payments, not trading them. Schulman called cryptocurrency and blockchain futuristic technologies. This is reported by the CTech publication.

Information on the CTech website

What does Schulman say? He gave the example of countries that have already launched or are planning to launch central bank digital currencies. In his opinion, this can improve the development of the cryptocurrency sector and blockchain technology.

What is known about the company? PayPal is a company that facilitates payments between parties using online transfers. PayPal allows customers to create an account on its platform that connects to a credit card or checking account. In 2020, the company added support for cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

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