For Dan Schulman, CEO of PayPal, the discussion should Stop aiming at the price of digital assets and instead reinforce their efforts on the technological contribution that these and Blockchain would provide to the financial sector in general.
Dan Schulman, CEO of PayPal, stood again in favor of Bitcoin, digital currencies, and Blockchain, highlighting the benefits these technologies could provide to the economic environment beyond listing the leading exponents in the markets.
This information came from Schulman during an interview for the CTech media during the Axis Tel Aviv event. The manager dismissed the importance of the price and gave credit to the usefulness of these assets when it came to payments.
According to Schulman, the benefits of cryptocurrencies and Blockchain technology will impact the way traditional finances work, which many users label as the evolution of money in times like these.
The PayPal manager took advantage of the space to clarify the panorama and shared his thoughts about how governments and administrations in various countries issue their digital currencies.
The manager expressed that the crossing between CBDC, stablecoins, digital wallets, and the improved use of digital currency payments is not only fascinating but one that, according to him, will bring new light to a significant sector in the economic environment.
PayPal and its Relationship with Digital As25sets
Although Schulman stands for crypto assets, this stance seems similar to PayPal’s perspective since the company prepares its users to use these assets through its products and services.
Since October 2020, PayPal officially included the possibility of exchanging fiat money for Bitcoin and other crypto-assets from its network. This property is currently only active for customers in the US and the UK while the company tries to find more secure ways to bring these services to different markets.
Users cannot deposit or withdraw crypto assets from their PayPal accounts. In this regard, the company highlighted that they are working to activate this possibility shortly; they also said they have contemplated including supportive services for other assets. Possible contributions with central banks and other entities registered in legislation are under current development.
Schulman commented that he’s delighted to discover how crypto and digital ledger technology could serve as a helpful tool for the financial system in the future. Schulman firmly believes buying and selling crypto is one of the most significant interests of digital assets.
Schulman expressed that users think of crypto as an asset class, but the fascinating thing about digital currencies is what kind of utility they can provide in payments.
By: Jenson Nuñez
