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PayPal CEO Says Digital Currencies Are Set to Go Mainstream

  • Schulman says in-store and out-of-store sales becoming digital
  • Payments firm sees China’s Ant Financial as one to watch
Dan Schulman
Dan SchulmanPhotographer: Patrick T. Fallon/Bloomberg
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PayPal Holdings Inc. Chief Executive Officer Dan Schulman said the use of digital currencies is set to go mainstream as more merchants take a “digital first” approach to payments.

“The entire world is going to come into digital first,” Schulman said at the Web Summit conference on Wednesday. Shops are moving to accept payments via smartphones and QR codes, even in-store, and more customers are starting to use digital wallets, which “are natural complements to digital currencies.”