In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal’s CEO predicted.
The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO.“Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” PayPal president and CEO Dan Schulman said in a Sunday interview with Time magazine.Schulman said that existing financial infrastructure needs modernization because it’s “inefficient today” due to overly expensive and slow international transactions. The CEO predicted that the financial system is poised to see more changes in the next five to 10 years than it has experienced over the past two decades.“Ten years from now, you will see a tremendous decline in the use of cash. All form factors of payment will collaps

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Źródło: https://cointelegraph.com/news/demand-for-paypal-s-crypto-offering-exceeded-all-expectations-ceo-says