Crypto Will Redefine the Financial World, According to PayPal’s CEO

The Chief Executive Officer (CEO) of PayPal, Dan Schulman reiterated his positive stance on the cryptocurrency industry. Dan Schulman is Least Concerned About Bitcoin’s Price Speaking to CTech, Schulman said he remains least concerned about the future price of Bitcoin (BTC), as to him, the most important feature is the crypto industry’s ability to transform the financial system. “I’m very excited about what crypto and digital ledger technology can do to the financial system going forward. I think the initial things that everyone thinks about crypto, buying and selling it, and what the price of bitcoin is going to be tomorrow, that’s the least interesting part about digital currencies to me.” He even forecasted that the combination of digital assets, central bank digital currencies, stable coins, and digital wallets could reshape the monetary sector: “The intersection between CBDC, stable coins, digital wallets, and enhanced utility of payments through cryptocurrencies is not just fascinating but I think will redefine a lot of the financial world going forward.” PayPal’s Crypto Foray Since 2020, PayPal has been foraying to integrate Bitcoin and other cryptocurrencies into their platform. The payment service has also recently enabled a cash-out feature with digital assets, but it’s currently available in only certain regions. Earlier this year, PayPal announced plans to develop its own stablecoin, possibly pegged to the U.S. dol...