Cryptocurrency may be unfamiliar for many people. People may think they need deep knowledge related to technology information to get involved, but this phenomenon will be gradually reversed in the future.
PayPal CEO, Dan Schulman, said on the first day of the major Web Summit event that cryptocurrency can reduce payment costs and serve remote populations. " So, over the long run, I'm very bullish on digital currencies of all kinds. "
He specifically mentioned the application of crypto payment and believes that as the COVID-19 continuing the popularity development of cryptocurrency, which might have taken five years, will be shortened to five months.
In addition, he believes that PayPal's biggest competitor should be Ant Group, China's largest digital financial company. In China, it is not only the most successful mobile payment platform, but also has a well-established wallet system that covers almost all financial services and cooperating shops.
After PayPal launched its cryptocurrency trading and spot services in October, they also announced at the third-quarter earnings conference that it will open more than 28 million shops to use online cryptocurrency payments from next year.
According to a survey by Mizuho Securities in Japan, PayPal's cryptocurrency service has been used by 17% of users more than one month after it went life, and 65% of them said they would use it in the future.
Not only has it been welcomed by users, but PayPal's series of plans to support cryptocurrencies have also boosted its share price and Bitcoin price to rise together.
It can be seen that in the future, cryptocurrency will gradually become the mainstream, whether it is used for investment or all aspects of life. Choosing to understand relevant knowledge as soon as possible and involve in the crypto world is the first step to planning personal financial management for the future.