Connect with us

Hi, what are you looking for?


Digital Fiat Currency Will Replace Paper Money-PayPal CEO

When asked about the threat to Bitcoin [BTC] from finance regulators PayPal CEO today in an interview to CNBC said that central banks will replace paper money with Digital fiat currencies that include cryptocurrencies, CBDCs and other stablecoins. It is to be noted that Paypal recently allowed users to buy Bitcoin [BTC] using fiat currency on Paypal.

Can Regulators Make Bitcoin [BTC] Obsolete?
One important point made by PayPal CEO Dan Schulman is that even in case if government regulators are against bitcoin [BTC] adoption we will still have forms of digital fiat currencies like CBDCs, cryptocurrencies and stablecoins.

He is positive about the fact that declining dependency on paper money in retail will boost the adoption of digital alternatives to paper money. He confirmed that PayPal is working hand-in-hand with govt. authorities as they make is more easier to use digital currencies like Bitcoin [BTC] for daily transactions.

Recent news that Paypal is enabling purchase of Bitcoin [BTC] on their platform was bullish and played a key role in supporting the ongoing Bitcoin bull run. Not only PayPal large Wall Street player like JP Morgan, Paul BlackRock etc. are also bullish on Bitcoin [BTC].

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Press Release

Cryptocurrency signals offer various advantages and can help improve the outcome of any trading you perform. But before anything else, you need to know...

Price Analysis

Litecoin price hit a barrier marginally under $80 following a 23% spike in just two days. The sixth-largest cryptocurrency retreated to establish and confirm...

Price Analysis

Ripple appears to have resumed the uptrend from the support recently formed at $0.23. The fourth-largest cryptocurrency was recently rejected from levels slightly above...


California-based fast-food chain Taco Bell is entering the booming non-fungible token (NFT) marketplace. The fast-food giant released a collection of original taco-themed art pieces...

Copyright © 2020 Blockchain News Portal. All Rights Reserved. Website and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice.