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In an interview for TIME magazine, PayPal’s CEO Dan Schulman talked about the payment processor expansion of its crypto service. The executive expects a transformation of e-commerce into a personalized experience and “contextual” purchases driven by social media platforms. Bitcoin could spear point such a change and take it to the entire financial system. Schulman […]

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PayPal CEO Dan Schulman reveals that demand for the company's crypto services has exceeded its expectations 'multiple-fold.'

Dan Schulman, the CEO of PayPal has said that demand for the company’s cryptocurrency offering has significantly exceeded beyond the company’s expectations.

The bank might launch the fund as early as this summer.

Major U.S.-based wine seller opens itself up to cryptocurrencies. Acker to Receive Payments in Crypto In yet another development signifying the slow and steady adoption of digital currencies, New York-based wine seller Acker today announced it accepts cryptocurrencies for payment at wine auctions and at its New York retail store. According to the article byRead More

Schulman highlighted that digital payments haven’t advanced only by means of online commerce. Although this has certainly been boosted by the COVID-19 pandemic, even in-store shopping has become increasingly digitized. “Nobody wanted to touch cash,” Schulman said, “and that led to a large increase in the use of digital forms.” Consequently, the PayPal CEO anticipates, … Continued

The post PayPal CEO: Financial System Will Change More in Five Years Than Past 20 appeared first on BeInCrypto.

JP Morgan, the American Banking behemoth today announced that they would start offering a private Bitcoin fund for their clients starting this summer. As per reports NYDIG, the institutional asset manager would be the custodian of the fund. The said Bitcoin fund would be for private wealth clients. The banking giant had earlier issued an

The post Just-In: JP Morgan Set to Offer Bitcoin Fund in Association With NYDIG appeared first on Coingape.

In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal's CEO predicted.

The new portfolio includes companies operating to support further adoption of Bitcoin.