web analytics
TOP Online Casinos That Accept Cryptocurrencies
1st Deposit Bonus:
1 BTC
Bonus for New Players
100% MATCH BONUS
5.0 rating
5.0
1st Deposit Bonus:
2 BTC
Bonus for New Players
100% MATCH BONUS
4.5 rating
4.5
No Deposit:
1.5 mBTC FREE
Exclusive Offer
Claim Free Crypto!.
4.0 rating
4.0

PayPal CEO Answers The Big Question, “Why PayPal Left Libra Association?”

paypal

PayPal CEO owns Bitcoin (BTC)…not any other crypto-only BTC!

A month or so after withdrawing from Facebook’s Libra project, the CEO of PayPal, Dan Schulman, spoke to Fortune’s editors and writers confirming he does own only one cryptocurrency, Bitcoin. In a wide conversation, Dan also revealed the reasons behind the Libra withdrawal and the possibility of a blockchain project by PayPal.

‘A focus on our own road map’

On the question of why PayPal became the first of 28 members of the Libra Association, Schulman explained their desire to work on the project but took a route towards “concentrating on their roadmap outside Libra.” He said,

“You know, we think if we focus on our own roadmap, we’d be able to advance financial inclusion faster than if we put all these resources against Libra.”

However, he confirmed the two companies are in contact and may work together in the future if the opportunity arises.

“It wasn’t an acrimonious divorce or anything like that. It’s just that they will start going down a road that we’re very interested in looking at and monitoring, and maybe later, there are ways we can work together.”

PayPal blockchain may be on the way

He further confirmed the reports of PayPal working on a cryptocurrency and blockchain project. He, however, says the project will not be in direct competition with Libra. He said,

“No, it’s not necessarily competitive with Libra. It’s just a competitive advantage.”

Dan, however, remains excited about cryptocurrencies revealing he holds Bitcoin (BTC) despite the recent troubles with Libra. Asked whether he owns any cryptocurrencies, Schulman said,

“Yes, Bitcoin. […] Only Bitcoin.”

The post PayPal CEO Answers The Big Question, “Why PayPal Left Libra Association?” appeared first on Coingape.



Source: PayPal CEO Answers The Big Question, “Why PayPal Left Libra Association?”

Leave a Reply

Your email address will not be published. Required fields are marked *

NOT REQUIRED
Bonus Code
Get 25 FREE SPINS on Book of Dead
NOT REQUIRED
Bonus Code
1.5 mBTC FREE
Valid Until: Dec 31, 2020
NOT REQUIRED
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 24, 2019
N/A
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 31, 2019