Digital assets and blockchain will revolutionize the financial system. This was stated by the head of PayPal Dan Shulman as part of the Axis Tel Aviv 2022 event, writes CTech.
“Most people think about buying/selling cryptocurrencies and what the price of bitcoin will be tomorrow. […] For me, digital currencies are an asset class […] it is their usefulness in payments”— said the top manager.
In Shulman’s vision, the financial system of the future will be the intersection of CBDCs, stablecoins, digital wallets, and cryptocurrencies.
Recall that in February, PayPal formed an advisory board for cryptocurrencies.
Previously, the company opened the possibility of buying / selling bitcoin and several other cryptocurrencies for US users. In April 2021, PayPal-owned mobile payment service Venmo launched a similar service.
It was reported that the company is considering plans to launch its own stablecoin, as well as a crypto wallet.