Share this article
PayPal CEO Schulman Says He's Bullish on Bitcoin as a Currency
Schulman spoke about the fall of cash, the rise of bitcoin and the institutional traders taking note of both.
By Danny Nelson
Updated Sep 14, 2021, 10:34 a.m. Published Nov 23, 2020, 1:59 p.m.
PayPal (PYPL) CEO Dan Schulman said bitcoin's usefulness as a currency will ultimately prevail over the buy-and-hold ethos, in an interview with CNBC Squawk Box on Monday.
STORY CONTINUES BELOW
- "I think that there'll be more and more use cases for cryptocurrencies," that make bitcoin more widely accepted, more stable and probably "more valuable" over time.
- PayPal will begin allowing users to transact with crypto as a funding instrument across 28 million businesses early next year.
- Schulman said central bank digital currency is a global inevitability. As that happens, "you'll have more and more utility happen with cryptocurrencies," he said.
- "Both may play important roles going forward," he said.
- PayPal's cryptocurrency purchasing services is scooping up an overwhelming number of newly minted bitcoins, according to Pantera.
- Bitcoin was trading hands around $18,480 at the time of his interview.
Read more: PayPal Removes Waitlist for New Crypto Service, Boosts Weekly Purchase Limit to $20K
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.
What to know:
- Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
- The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
- The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.
Top Stories
