dan schulman

 

Dan Schulman has spent over two decades as a C-level executive, successfully launching multiple innovative products. Before the company was split apart from e-commerce giant eBay in 2015, he became the CEO of PayPal. The company has grown from strength to strength under His leadership, growing profits, share price, and personnel count year after year. However, he did not truly enter the crypto sector until 2020. He claimed in 2018 that cryptocurrency's volatility renders it "unsuitable to be a legitimate money that shops can accept." However, it appears that times have changed.

 

Talk about keeping things under wraps until everything is in order and regulators have given their approval! One of the year's top headlines was PayPal announcing and rolling out its crypto option at the end of 2020, with the year already looking like it was going to conclude on a positive note for the crypto industry. The deadly coronavirus outbreak appears to have opened his eyes to the possibilities of digital payments. Fortunately, several fairly well-developed digital payment infrastructures are already in use by a small group of enthusiasts.

 

When it comes to crypto and blockchain, education is crucial, and He appears to have done his homework, as PayPal entered the game with a simple-to-use solution straight out of the gate.

 

He and PayPal appear to have huge plans for 2021. The CEO has stated in various interviews that the diminishing use of cash presents a huge opportunity for cryptocurrency adoption. He also believes that governments should enter the space and create central bank digital currencies that are crypto counterparts of their domestic currency.

 

However, He feels that regulators must be on board for crypto to succeed. With all of these factors in mind, it appears like PayPal's overall strategy will be to take up the adoption mantle and disseminate crypto across its 28 million global merchants in a completely regulated manner.