Just a few months after payments giant PayPal launched buying and selling features for Bitcoin and other cryptocurrencies, user demand for digital assets on the platform has already exceeded the company’s expectations „multiple-fold,” revealed CEO Dan Schulman.
Speaking to TIME 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.”
Schulman explained that cryptocurrencies are just a part of the overall trend of digitalization of everyday payments, accelerated by the coronavirus outbreak. Ten years from now, he argued, there will be a „tremendous” decline in the use of cash and credit cards. Instead, most financial operations will be conducted via smartphones and „superapps.”
The 'advent of digital currencies’
„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 p
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