Demand for Crypto Is Much Higher Than Expected • Coincolic

PayPal CEO Dan Schulman stated that his customers’ demand for crypto is far above expectations.

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Speaking to TIME Magazine, Schulman said the demand for cryptocurrencies was more than he expected and that he was a very excited audience on the subject.

Schulman believes cryptocurrencies have become even more important as daily payments become digital with the pandemic process. Ten years from now, he argued, there would be an “enormous” decline in cash and credit card usage. Instead, the CEO believes financial transactions will be handled via smartphones and a variety of applications.

“When all this is starting to happen, central banks need to start rethinking their monetary policies. Because you cannot add more paper money to the system. Because people do not use it. This could result in the emergence of digital currencies. “

Schulman thinks that today’s financial systems are quickly obsolete due to slow transactions and high fees. For this reason, companies may consider modernizing their existing financial infrastructures.

“In the next 5 to 10 years, you will see more changes in the financial system than you have in the last 10 to 20 years.”

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