TechFlow News, November 3 — During the third-quarter earnings call, PayPal CEO Dan Schulman said the company plans to support more cryptocurrencies in the future. He stated that PayPal’s digital wallet platform and its existing scale can help shape the utility of these currencies. PayPal is highly motivated to deliver these capabilities, and its crypto functionality has already expanded to "about 10% of the foundation." He added that demand from the cryptocurrency waitlist is two to three times higher than PayPal anticipated.
Meanwhile, regarding central bank digital currencies (CBDCs), Dan Schulman said this is just the beginning of the opportunity, and PayPal will collaborate with regulators in the digital currency space to embrace new forms of digital money. On CBDCs themselves, Schulman emphasized, “From my perspective, it's not a question of whether, but when and how.” (The Block)
