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A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration CTech – “I’m very excited about what crypto and digital ledger technology can do to the financial system going forward,” PayPal CEO Dan Schulman told CTech . “I think the initial things that everyone thinks about Crypto, buying and selling it, and what the price of bitcoin is going to be tomorrow, that’s the least interesting part about digital currencies to me. That is thinking about digital currencies as an asset class. To me, the real exciting thing about digital currencies is what kind of utility can they provide in payments.”
Schulman spoke to CTech ahead of his keynote speech at Axis Tel Aviv , an international investment and innovation conference to be held at the Peres Center for Peace and Innovation on Tuesday, March 29. This year, the conference will be in-person with more than 50 investors from foreign venture capital funds and international corporations that will meet 70 Israeli startups that are developing new technologies. get the best of the algemeiner straight to your inbox! “Clearly, across the world, central banks are looking at issuing digital currencies,” Schulman continued. “The intersection between CBDC, stable coins, digital wallets, and enhanced utility of payments through cryptocurrencies is not just fascinating but I think will redefine a lot of the financial world going forward.”
The conference will focus on four main themes: fintech, retail/eCommerce, mobility, and sports/wellness. Notable venture capital funds and corporations taking part in the conference, now in its 9th year, include Amazon, P&G, GM Ventures, APX, Garmin Konnect-Volkswagen, Applied Ventures and others. In total, 15 Israeli startups were selected to pitch and answer questions on their companies. These include Mov.AI, C2A, and Ezmems.
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