PayPal Exec Says ‘Very High Likelihood’ Bitcoin Will Become Popular Payment Method

in bitcoin •  2 years ago 

PayPal’s chief financial officer, John Rainey, spoke very positively of Bitcoin’s (BTC) use as a future popular option for payments during an interview with The Wall Street Journal (WSJ) published Monday, Feb. 19.

When asked if bitcoin will ever be popular as a actual payments, Rainey tells the Wall Street Journal there is “a very high likelihood” of that happening.

“The technology, there is real merit to it. I do think, though, it will be years down the road before we see the kind of ubiquity and acceptance that make it a form of currency that is used every day.”

Coinbase, a cryptocurrency wallet and exchange platform, added former PayPal executive David Marcus to its board of directors last December.

Check out my new book on Amazon: Cryptocurrency Trading 101: How You Can Profit in Vastly Changing Times Available on all Amazons.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order: