RATE Group | PayPal CEO Hodls Bitcoin and Only Bitcoin
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PayPal CEO Hodls Bitcoin and Only Bitcoin

PayPal CEO Hodls Bitcoin and Only Bitcoin

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Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC).

On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for PayPal’s withdrawal from the Libra Association and whether he is the proud owner of any cryptocurrencies.

PayPal was the first to leave Libra

Schulman explained that PayPal withdrew from Libra because the company decided to put its attention elsewhere. According to the CEO it was a question of “where do we want to put our attention, and what do we want to do today to advance our mission?” He added:

“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.”

Schulman added that Libra will start going down a road that his company remains “very interested in looking at,” and once Libra starts to figure things out, “we’ll…

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