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PayPal CEO Declares Cryptocurrencies Are "An Experiment"

Dan Schulman, PayPal CEO has no love for cryptocurrencies as they are now. He declared that cryptocurrencies are an experiment, and it is unclear the way that it will go. He stated this on a meeting in the Economic Club of New York, according to Bloomberg.
He also stated that cryptocurrencies and the cryptocurrency market are still at infants stages and it needs clear rules to be stable. “Regulations need to be sorted out and a whole number of other things”. He didn’t talk about adoption or the future of cryptocurrencies in general.
However, cryptocurrencies are but one application of blockchain tech. Earlier this week PayPal introduced a patent for instant paying involving blockchain tech. Schulman declared that blockchain is the most powerful part of the landscape today and that in the future it will be a key technology for most industries.
PayPal is another of the payment companies which business model is being threatened by the existence of bitcoin and all cryptos, along with all payment processing and remittance companies.
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