PayPal CEO restated his positive stance on crypto
Dan Schulman is not concerned about Bitcoin’s future price, he believes the most important feature is the industry’s ability to reshape the financial world
The PayPal CEO said:
The intersection between CBDC, stablecoins, 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.
In addition, Schulman has been an advocate of the crypto industry for a while, and he said back in 2019 that he held Bitcoin.
On March 14, Schulman spoke to CTech ahead of Axis Tel Aviv, an international investment and innovation conference to be held at the Peres Center for Peace and Innovation on Tuesday, March 29.
In the interview, Schulman predicted that the combination of digital assets, CBDCs, stablecoins, and digital wallets are all factors that could reshape the monetary sector.
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.
Meanwhile, the entire crypto space is eyeing Bitcoin’s USD value and the predictions of its movements in the months and years to come.
However, Schulman thinks that this is not important. In his view, what matters is the value of the digital asset industry and its ability to have a positive effect in the finance world.