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PayPal CFO Says Company is Unlikely to Invest Cash in Cryptocurrencies
Summary: PayPal CFO John Rainey told CNBC: “We’re not going to invest corporate cash, probably, in sort of financial assets like cryptos, but we want to capitalize on this growth opportunity that’s in front of us.” The CEO Dan Schulman said the company has more interest in returning cash to shareholders and in making new acquisitions. ...
PayPal CFO John Rainey told CNBC: “We’re not going to invest corporate cash, probably, in sort of financial assets like cryptos, but we want to capitalize on this growth opportunity that’s in front of us.” The CEO Dan Schulman said the company has more interest in returning cash to shareholders and in making new acquisitions. The company has acknowledged that it believes the transition to digital forms of currencies is inevitable.
By Amy Liu
Tags: Cryptocurrency,John Rainey,Paypal
Link: PayPal CFO Says Company is Unlikely to Invest Cash in Cryptocurrencies [Copy]
