Former PayPal COO: Cryptocurrency Fulfill PayPal's "Original Vision"

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Mark Mason

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Former PayPal COO: Cryptocurrency Fulfill PayPal's "Original Vision"


David Sacks, former COO of PayPal, says that cryptocurrencies are fulfilling the company’s original vision of a global currency.

During a recent interview with CNBC, Sacks mentioned a renewed interest in the payments world not felt since his involvement with PayPal over 15 years ago. He views digital currencies as having the potential to fulfill, and exceed, the vision of his former company. Bitcoin recently approached, and briefly exceeded, PayPal’s market cap, but as of yet lags behind as a payment system, both in transaction volume and the competitiveness of its fees.​
 
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