PayPal CEO Explains How His Firm Will Increase Utility of Cryptocurrencies
On Monday (November 2), Dan Schulman, President and CEO of PayPal Holdings, Inc. (NASDAQ:PYPL), talked about his company’s recently-announced support for cryptocurrencies.
As you may remember, on October 21, payments firm PayPal announced a major move into crypto. According to PayPal’s press release, “the migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers.”
