Post #309 PayPal CEO on why the company is getting into cryptocurrency / BITCOIN
Paypal, the first of many mega corporations to enter the space of crypto-currencies. When the financial institutions buy into this new asset class, we shall see the beginning of a multi-year mega bull run. All fueled by their huge amounts of cash waiting to enter into the crypto market.
PayPal is emerging as a big player and big buy on the Bitcoin market. The payment company is offering clients the ability to buy and sell cryptocurrencies, with PayPal’s product launching a couple of weeks ago. The company is essentially buying Bitcoin and then selling it to its customers. PayPal CEO Dan Schulman joins “Squawk Box” to discuss.