PayPal assures that cryptocurrencies “are giving excellent results”
In the presentation of his Investor Report for Q1 this year, the CEO spoke about the performance of digital assets within his platform
The president and CEO of PayPal, Dan Schulman, spoke about the results that the use of cryptocurrencies has brought for his platform.
As the executive indicated during the presentation of the Investor Report for Q1 for 2021, digital assets have performed very well in the company, so he believes that this type of currencies and those issued by central banks will be “a driving force to form a more equitable financial system.“
“We believe that the current technological foundations of our financial system will be substantially updated in the coming years. Both cryptocurrencies and digital currencies issued by the central bank can play a critical role in shaping a more inclusive recovery and a more equitable financial system”, said Schulman.
The director of PayPal assured that there is a “cryptocurrency roadmap”, and that a series of innovations related to this type of assets are also planned.
Total payment volume was $ 20 billion, more than expected, ending the quarter at $ 285 billion. The firm also added 14.5 million new active accounts, bringing its user base to 392 million.
K. Tovar
Source: Cointelegraph
