PayPal wants to become a key channel distribution of digital currencies of central banks


PAYPAL CEO Dan Schulman confirmed the company’s intention to become a distributor of digital currencies of central banks (CBDC).

During a conversation with investors, he said that the largest electronic payment system is the most suitable channel through which the Central Bank and governments can distribute CBDC internationally. The roadmap also states that the company is exploring the possibility of supporting the tokenized assets and the use of smart contracts.

According to Schulman, the current financial system is outdated, so PayPal has created a new block-oriented unit and digital economy. The company expects modern technologies with time radically change the methods and forms of movement of cost throughout the world.

Currently, the company is engaged in promoting his

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