Moreover, he thinks the intersection between CBDC, stable coins, digital wallets, and enhanced utility of payments through cryptocurrencies will redefine the financial world. For instance, countries including the U.S., Russia, and China already planning to launch their central bank digital currencies, which could enhance advancements in crypto and blockchain technologies.
“Clearly, across the world, central banks are looking at issuing digital currencies,” Schulman continued. “The intersection between CBDC, stable coins, digital wallets, and enhanced utility of payments through cryptocurrencies is not just fascinating but I think will redefine a lot of the financial world going forward.”
PayPal has been very active in the cryptocurrency arena and has also increased the limits of crypto its customers can purchase and investing in educating its users on crypto. In addition, it has also allowed its client base to withdraw its crypto safely to third-party wallets.
Source: https://coingape.com/paypal-ceo-believes-crypto-and-blockchain-will-reform-financial-system/