RATE Group | Paypal CEO Admits He Owns Bitcoin
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Paypal CEO Admits He Owns Bitcoin

Paypal CEO Admits He Owns Bitcoin

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Paypal CEO Admits He Owns Bitcoin

The CEO of Paypal, Daniel Schulman, has revealed in an interview that he personally owns bitcoin. He also talked about Paypal’s plans regarding cryptocurrency, how to achieve mass adoption, and why Paypal decided to leave Facebook’s Libra project.

Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

Schulman Owns Bitcoin

Daniel Schulman, the president and CEO of Paypal, admitted in an interview with Fortune last week that he personally owns bitcoin. He joined Paypal in 2014 to lead it as an independent company from Ebay Inc.

Schulman was asked numerous questions regarding his crypto investment, Paypal’s crypto projects and the company’s decision to exit the Libra project. As for his own crypto holdings, the publication asked: “Do you personally own any cryptocurrencies?” The CEO promptly replied:

Yes. Bitcoin.

To clarify that he only owns one type of cryptocurrency, the publication further asked, “Only Bitcoin?” The…

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