Paypal CEO Dan Schulman in one of the interviews on Monday expressed his views on the future potential of cryptocurrencies and technology in the financial system in the future. Schulman believes the real potential of a cryptocurrency lies in the means of payment and not in its purchase and sale.
Furthermore, he argues that CBDCs, stable coins, digital wallets and payment utilities can synergize together through cryptocurrencies and could eventually play one of the key roles in the financial system in the future.
PayPal CEO Schulman, in an interview with CTech, stated on the case of the use of cryptocurrencies and blockchain technology in the payments sector that he is very excited about what cryptocurrencies and digital ledgers can do in financial systems in the future.
Interestingly, Schulman is seen as a bit pessimistic about the potential offer of crypto in investment as well as trading. For him, buying and selling cryptocurrencies, is the most unattractive part of what this technology has in the context for the financial system of the future.
PayPal’s CEO also believes that the interesting thing about cryptocurrencies is the type of utility they can provide in a payment system. In general, cryptocurrencies can bring about a revolution or redefine the financial world.
He gave examples such as the U.S., Russia, and China already planning to launch their central bank digital currencies, which could boost advances in crypto and blockchain technologies.
So far PayPal has been very active in the cryptocurrency arena and has also increased the cryptocurrency space to its customers. In addition, it has also allowed its customer base to securely issue its cryptocurrencies to third -party wallets.
