PayPal Chief Executive Dan Schulman has reiterated his stance in the cryptocurrency industry. In terms of digital assets, CBDCs, stablecoins, and digital wallets, it will “determine the future of the financial world.”
to sayAt Axis Tel Aviv, Schulman doubled his stance. By predicting that the combination of digital assets Central bank digital currencies, stablecoins and digital wallets. Will be able to change the financial sector:
“The intersection between CBDC, stablecoin, digital wallet. and the increasing utility of payments through cryptocurrencies Not only attractive But I think it will shape the financial world in the future.”
One of the most interesting topics in the crypto space is the USD value of bitcoin and forecasts of its movements in the coming months and years. However, Schulman found this irrelevant to him. Because what matters is the advantages of the digital asset industry and its ability to positively impact the financial world:
“I am really excited about what crypto technology and digital ledger can do for the financial system of the future. I think the first thing everyone thinks about crypto is buying and selling, and what will the price of bitcoin be like tomorrow? But that is the least interesting part about cryptocurrencies for me.”
Earlier this year, PayPal announceIt is trying to develop a stablecoin digital currency that could be tied to the US dollar, which Jose Fernandez da Ponte – senior vice president of Crypto and Digital Currencies at PayPal – revealed that the financial product aims to meet the necessary regulatory standards. all
“We are exploring stablecoin and as we try to move forward We will of course work closely with the relevant regulators.”
refer : LINK
The post “Crypto will redefine the financial world” : PayPal CEO appears first on Bitcoin Addict.