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Crypto as a potential funding instrument bolsters its utility and stabilizes it as well
"When you start to move crypto as a potential funding instrument I think that bolsters its utility and stabilizes it as well--because it can be used everyday in your purchases," says @PayPal CEO Dan Schulman on #crypto #btc. pic.twitter.com/Naa5UBhvdS
— Squawk Box (@SquawkCNBC) November 23, 2020
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"As paper money slowly dissipates and disappears from how people are using transactions, central banks especially on the retail side will need to replace paper money with forms of digital fiat currency," says @PayPal CEO Dan Schulman. pic.twitter.com/pLuvc2RxPY
— Squawk Box (@SquawkCNBC) November 23, 2020
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Paypal CEO Schulman Say He’s Bullish on Bitcoin as a Currency
PayPal CEO Dan Schulman said bitcoin’s usefulness as a currency will ultimately prevail over the buy-and-hold ethos in an interview with CNBC Squak Box Monday. "I think that there'll be more and more use cases for cryptocurrencies," that make bitcoin (BTC, +1.65%) more widely accepted, more stable, and probably "more valuable" over time. PayPal will begin allowing users to transact with crypto as a funding instrument across 28 million businesses early next year. Schulman said central bank digital currency is a global inevitability. As that happens, "you'll have more and more utility happen with cryptocurrencies," ... (full story)