PayPal CEO Dan Schulman Rolls Over to the Pro-Crypto Side

Widespread jubilation hit the global crypto community as yet another tech boss swims over to the pro-Bitcoin side. This time it’s PayPal CEO, Dan Schulman.

Quoting his very words, Schulman stated, “Yes. Bitcoin” when asked if he holds any digital currency. These two magical words are more than a simple answer. Coming from Schulman, this answer is more like an endorsement and a reassurance that Bitcoin(BTC)trade still holds the spot of the world’s most celebrated virtual coin and the one believed to hold more potential.

Well, this isn’t the first time he would be associating himself with virtual currencies and blockchain technology. Before the ‘big reveal’ a few days back, Schulman has also stated categorically that PayPal is looking into the crypto market. In fact, PayPal was one of the payment systems that rallied around Zuckerberg’s Libra. Not anymore, though. Like other big payment systems, PayPal had to pull out of the Libra venture when the regulatory heat got to its height.

Be that as it may, it goes to show how much trust the firm has in cryptocurrency and its underlying technology blockchain.

“We think there’s a lot of promise to blockchain technology. It’s intriguing to us, but it really needs to do something that the traditional rails can’t do,” Schulman stressed further.

Since the advent of cryptocurrency, the world has been divided into two sides – those who believe that these new set of newfangled digital coins hold enormous potential and those who are totally against the crypto concept. Slowly but surely, it seems the crypto community is gaining more and more crowd with time.

This year has been a better year for the global crypto ecosystem compared to what it was last year. From the norm of financial institution players paddling the growth and acceptance of virtual currencies, we saw a pool of distinguished tech-oriented players racing to the call this year.

From Twitter’s boss Jack Dorsey to Tesla’s honcho Elon Musk and of course Facebook’s CEO Mark Zuckerberg, there is no denying that 2019 has the most record of tech geeks in the crypto sector. As a matter of fact, Facebook’s boss is yet fighting against many opponents to launch the social networking giant’s global digital currency Libra come 2020.

While Dorsey, Zuckerberg and Musk happen to be influential names that have pulled crowds to the crypto ecosystem, it was incredibly joyful to hear yet that PayPal chief executive officer, Dan Schulman, is pro-Bitcoin too.

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