Thriller Insights - S4EP12: PayPal CEO "Believes in Bitcoin"

  
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News gathered from Coindesk, CNBC

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 Squawk Box on Monday.

  • "I think that there'll be more and more use cases for cryptocurrencies," that make bitcoin (BTC, +4.55%) 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," he said.

  • "Both may play important roles going forward," he said.

  • PayPal's cryptocurrency purchasing services is scooping up an overwhelming number of newly minted bitcoins, according to Pantera.

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