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13 May 2021

PayPal CEO: Demand for Cryptocurrency Much Higher Than Expected - Decrypt

PayPal CEO: Demand for Cryptocurrency Much Higher Than Expected - Decrypt


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Speaking toTIME Magazine, Schulman said that, "Demand on the crypto side has been multiple-fold to what we initially expected," adding that, "There’s a lot of excitement.".

"When all of those things start to happen, then central banks need to rethink monetary policy as well because you can’t just issue more paper money into the system because people aren’t using paper money," Schulman explained, noting that it would result in the "advent of digital currencies." .

"In the next 5 to 10 years, you’re going to see more change in the financial system than you have over the past 10 to 20 years," said Schulman, adding that the existing financial infrastructure "needs modernization, because it’s inefficient today."

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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