Dan Schulman, the CEO of Paypal, talked about the future of cryptocurrencies and blockchain technology in an interview on Monday. Schulman thinks digital currencies can be used to make payments, not to buy and sell them or predict how they will go up and down in value.
Furthermore, he thinks that the combination of CBDC, stable coins, digital wallets, and the increased utility of payments through cryptocurrencies shows how interesting the financial world will be in the future.
PayPal CEO Schulman about the use cases of cryptocurrencies and blockchain technology in the payments industry said:
In his mind, buying and selling crypto, predicting how bitcoin prices will move, aren’t as interesting as what these technologies could mean for the future of money in the world of money in the long run. PayPal’s CEO also thinks that the most exciting thing about digital currencies is how they can be used to make payments.
Furthermore, he thinks that the combination of CBDC, stable coins, digital wallets, and more useful payments through cryptocurrencies will change the world of finance. For example, countries like the U.S., Russia, and China are already planning to start using digital currencies from their central banks. This could help crypto and blockchain technologies move faster.
PayPal has been very active in the cryptocurrency world. It has also increased the amount of crypto its customers can buy and invested in educating its customers about crypto. In addition, it has also made it possible for its customers to move their crypto to other wallets in a safe way.
PayPal CEO Dan Schulman will speak at the Axis Tel Aviv, an international investment and innovation conference that will be held in Israel on March 29. Schulman will be at the Peres Center for Peace and Innovation. International investors from venture capital funds and big businesses will come to Israel this year to meet 70 Israeli startups that are working on new technologies. This year, the conference will be in person.