In an interview with The Wall Street Journal, PayPal chief financial officer John Rainey said that bitcoin will soon become a popular means of payment. Additionally, John Rainey stated that PayPal was one of the first companies to accept bitcoin on its Braintree platform back in 2015.
However, Rainey said that “given the volatility of bitcoin now, it is not a reliable currency for transactions, because if you are a seller, and you set a margin of 10%, then tomorrow it may not be 10%, if bitcoin drops 15% or more, such transactions are not profitable.”
When asked whether cryptocurrency will ever be a popular means of payment, Rainey says that it most likely will: “And the main thing The credit for this is technology, but I think it will be years before cryptocurrency is accepted by the general public and used every day." PayPal co-founder Max Levchin said last December that while he believes blockchain technology is revolutionary, he has not yet decided how to approach bitcoin.
Coinbase, a cryptocurrency wallet and exchange platform, welcomed former PayPal executive David Marcus to its board last December. directors.
According to https://cointelegraph.com
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