PayPal CEO Schulman: Crypto Will Redefine The Financial World Going Forward

Dan Schulman, the CEO of global payment giant PayPal, has reiterated his positive stance on the crypto space. He believes that the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets could redefine how the financial world is going forward.

Schulman has been had a positive attitude on the crypto industry for some time now, and has even said back in 2019 that he held Bitcoin.

Schulman spoke at Axis Tel Aviv, and made a prediction that the combination of digital assets, central bank digital currencies, stable coins, and digital wallets are all factors that could reshape the monetary sector. He said:

“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.”

One of the most followed topics in crypto is bitcoin’s USD value and the predictions what it will be going forward. Schulman thinks that this is not important. He believes that it’s the merits of the digital asset industry and its ability to have a positive effect in the finance world. He elaborated:

“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.”

PayPal is already involved with crypto. They recently introduced an application called “super wallet,” which includes digital asset services.

In January this year, PayPal announced that it’s planning to develop its own stablecoin, possibly pegged to the US dollar. Jose Fernandez da Ponte – Senior Vice President of Crypto and Digital Currencies at PayPal – revealed that the financial product will aim to meet all necessary regulatory standards: