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OTCbid - PayPal CEO Dan Schulman Talks About the Value Proposition of Bitcoin



" In a recent interview, PayPal President and CEO Daniel Schulman, talked about the value proposition of Bitcoin.

As you may remember, on October 21, PayPal announced “the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency’s utility by making it available as a funding source for purchases at its 26 million merchants worldwide.”

Schulman’s comments during an interview last Monday (November 23) with Andrew Ross Sorkin on CNBC’s pre-market news and talk program “Squawk Box“.

Sorkin started the interview by asking the PayPal CEO how he values Bitcoin.

Schulman replied:

“I think all forms of money are based on trust and and set values that come from that trust.

“I think if you take a step back, especially with the pandemic, you’ve seen the use of cash decline precipitously. Something like forty to seventy percent of consumers no longer want to handle cash and just like every industry is digitizing right now, that is also happening in the financial services world. " - Read Full Article


Source: Cryptoglobe



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Post: 30.11.2020

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