Dan Schulman: Fintech Trends for Growth

Posted by admin on Monday, February 13, 2017


 
Paypal CEO Daniel Schulman Money Quote saying every form of consumer financial activity is going digital and transforming all aspects of transactional commerce. Daniel Schulman said:
 
Currencies of all kind are digitizing, checks are disappearing although 85% of the worlds transactions are still in cash, they’re increasingly digitizing. So you’ve got money in general digitizing and whether that be in the form of cards, digitized or actually currency itself will start to digitize as well Quote
 

Currencies of all kind are digitizing, checks are disappearing although 85% of the worlds transactions are still in cash, they’re increasingly digitizing. So you’ve got money in general digitizing and whether that be in the form of cards, digitized or actually currency itself will start to digitize as well” — Dan Schulman

 

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Dan Schulman is quoted as saying that currencies of all kinds are becoming digital. He means that money is increasingly being used and transferred in digital forms rather than physical cash.

Schulman notes that while 85% of transactions globally are still done with cash, money is rapidly being digitized through things like debit and credit cards, digital payment apps, and cryptocurrencies.

His point is that all aspects of commerce involving the exchange of money are becoming transformed as currencies move from physical to digital formats.

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