PayPal’s CEO talks digital payments and cryptocurrency

Dan Schulman, President and CEO of PayPal, says the pandemic has accelerated the rise of digital payments. He also discusses the company's decision to accept digital currencies.
#CNN #News #Business

39 comments

  1. PayPal is a horrible system. It takes 3 to 21 days for them to release my funds to me….in Canada. Ridiculous. Sitting on interest. And yes. Its mu money not Ebay pays. I earn it. PayPal suckkssss

    1. PayPal is like every other banking and money transfer system. The ‘customer’ has long since ceased being a priority. The real game is how much they can make from our money while they have it. That’s why it takes 1 second to debit your account and a week to get a refund.

  2. PayPal is *NOT* letting users make payments with cryptocurrencies! Bitcoins cannot be moved into PayPal or taken out of it. Users can only buy bitcoin from PayPal and sell it to PayPal (with the dollars possibly being sent to a merchant in the same operation).
    Thus PayPal is only adding an online casino service, that lets its users gamble on the price of bitcoin…

    1. yesss my old telephone number is stuck in my account and I forgot my password. I cannot manage anybody -no service whatsoever to get into the damn account

  3. I used paypal one time, it was such a long drawn out nightmare that there is no way I would ever use paypal again.

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  5. Pay Pal is the same company as Ebay ,they have robbed me the last time. Im now suing them for fraud and theft.

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    4. You go ahead get in line for your Trust Stamp Vaccine.
      Abiometric digital identity platform that “evolves just as you evolve” is set to be introduced in “low-income, remote communities” in West Africa thanks to a public-private partnership between the Bill Gates-backed GAVI vaccine alliance, Mastercard and the AI-powered “identity authentication” company, Trust Stamp.

      The program, which was first launched in late 2018, will see Trust Stamp’s digital identity platform integrated into the GAVI-Mastercard “Wellness Pass,” a digital vaccination record and identity system that is also linked to Mastercard’s click-to-play system that powered by its AI and machine learning technology called NuData. Mastercard, in addition to professing its commitment to promoting “centralized record keeping of childhood immunization” also describes itself as a leader toward a “World Beyond Cash,” and its partnership with GAVI marks a novel approach towards linking a biometric digital identity system, vaccination records, and a payment system into a single cohesive platform. The effort, since its launch nearly two years ago, has been funded via $3.8 million in GAVI donor funds in addition to a matched donation of the same amount by the Bill and Melinda Gates Foundation.

      In early June, GAVI reported that Mastercard’s Wellness Pass program would be adapted in response to the coronavirus (COVID-19) pandemic. Around a month later, Mastercard announced that Trust Stamp’s biometric identity platform would be integrated into Wellness Pass as Trust Stamp’s system is capable of providing biometric identity in areas of the world lacking internet access or cellular connectivity and also does not require knowledge of an individual’s legal name or identity to function. The Wellness Program involving GAVI, Mastercard, and Trust Stamp will soon be launched in West Africa and will be coupled with a Covid-19 vaccination program once a vaccine becomes available.

  7. Investing in different streams of income that don’t depend on the government to bring in money especially now the pandemic is it in the economy pretty hard will be the wisest decision anyone can make

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