Bloomberg: PayPal CEO Says Cryptocurrencies Are Just an Experiment for Now

Despite the hype, PayPal Holdings Inc. isn’t buying into crypto for now. Speaking at the Economic Club of New York in Manhattan, PayPal Chief Executive Officer Dan Schulman said cryptocurrencies have a very uncertain future. “Regulations need to be sorted out and a whole number of other things,” he said. “It’s an experiment right now that is very unclear which direction it will go.”