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Dan Schulman, CEO of financial services firm PayPal, has doubled his belief in the role of cryptocurrencies in the evolving financial world.
Schulman spoke of his belief in cryptocurrencies when answering questions from CTech prior to his upcoming speech at Aviv, Tel Aviv, an international investment and innovation conference later this month.
FinTech CEO predicts that in addition to cryptocurrency swelling utilities, the convergence of virtual assets such as stablecoin, central bank digital currencies and digital wallets will be important in restructuring the financial situation in the future. I explained that there is.
“The crossroads of increasing the usefulness of CBDC, stablecoin, digital wallets and cryptocurrency payments are not only attractive, but I think they will redefine many financial circles in the future.” He said.
Most crypto / Bitcoin optimists usually tend to tag bullish forecasts for a particular crypto asset with a forecast price, but Schulman doesn’t seem to think that BTC’s market capitalization is that important. .. Instead, PayPal executives are more concerned about what role such digital tokens can play in changing the financial world.
“I’m very excited about what cryptocurrency and digital ledger technology can do for the financial system of the future. Everyone thinks about cryptocurrencies first, buys and sells them, and the price of Bitcoin will be tomorrow. I think it will be, that’s not the most interesting part about digital currencies for me. “
Schulman’s belief in digital assets is not new. Back in 2019, he hold Bitcoin qualifies his long-term belief in digital assets. At the time, he explained that blockchain technology showed many possibilities, and at first glance, PayPal is now on the road to harnessing those possibilities.
Last May, PayPal Release Cryptographic checkout support that allows users to complete payments using digital coins to enhance the usefulness of crypto holders.
Nowadays, payment service companies have shown their ambition to dig deeper into their subsequent cryptocurrency offerings. clearly We plan to develop native stablecoin.Jose Fernandez Da Ponte, senior vice president of the company’s blockchain, cryptocurrencies and digital currencies, said Bloomberg News In the January plan, it was clarified that all work to achieve the above stablecoin is subject to regulatory approval.
