PayPal CEO spoke about plans to support new digital currencies

During the presentation of the financial report on the results of the third quarter 2020 of the year, the CEO of PayPal spoke about, that the company plans to add support for new digital currencies.

Daniel Shulman (Daniel Schulman) noted, what is still unclear, what forms of digital currencies will be the most popular in the future. However, PayPal is ready to add support for government cryptocurrencies., work on which is being carried out by the central banks of many countries. Schulman said:

“We see many opportunities, and this is just the beginning. We work very closely with regulators to adopt new forms of digital currencies. The emergence of state cryptocurrencies is a matter of time. Our platform and its popularity can help the use of digital currencies. This applies to how electronic wallets interact, exchange of currencies among themselves, and the development of a chain of stores and retail outlets with support for digital currencies ".

Also the CEO of PayPal stressed, that the audience of the payment company is very positive about the implementation of support for cryptocurrencies and other digital assets. At the moment, access to the purchase and sale of cryptocurrencies has about 10% platform clients. According to Shulman, the number of people who want to use these services 2-3 times higher than expectations ".

Recall, that PayPal users from got access to buying and selling cryptocurrencies 21 October. According to CoinShares Strategy Director Meltem Demirors (Meltem Demirors), PayPal May Prepare To Launch Its Own Cryptocurrency.