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At Davos, PayPal CEO Compliments Blockchain and Snubs Crypto Assets

While attending the Davos World Economic Forum, PayPal CEO Dan Schulman expressed skepticism about the long-term feasibility of cryptocurrencies while complimenting their underlying technology.

In an interview with CNBC, Schulman spoke candidly about his views on cryptocurrencies and what he perceives as their shortcomings.

“We’re not seeing many retailers at all accept any of the cryptocurrencies,” he said.

He also, however, expressed some interest in blockchain technology as a whole, adding that he thinks “the underlying technology is still very interesting.”

He made his position between cryptocurrencies and what he sees as the more fundamental technology very clear, claiming, “I have always thought that crypto was more of a reward mechanism for implementing blockchain [technology], as opposed to really a currency.”

This stance should come as no surprise, as Schulman said that the volatility of cryptocurrency makes it “unsuitable” for retail use last year. His recent comments have still made some waves in the industry, however, because of the seemingly natural symbiosis between services like PayPal and cryptocurrencies.

Google Adds Bitcoin Symbol to iOS Keyboard

Source: Reddit

Google has added the Bitcoin symbol to its keyboard on iOS, making it one of several alternative currency symbols available when users hold down the dollar symbol key.

Germany Opens Industry Consultation Process for Blockchain Strategy

Source: Reuters

Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.

In the Post ICO World, CoinList Prepares Crypto Projects for Investment

ICOs emerged quickly as a popular model for crypto startups to raise funds, exposure and customer interest. But the world of ICOs took a nasty turn in 2018, with many projects that used the model unable to deliver on their promises to investors or turning out to be downright phony.

NFTs: How They Work and How They’re Bridging Blockchains and the Collectibles Industry

The upcoming NFT.NYC event highlights the growing role that non-fungible tokens (NFTs) are playing in the crypto industry — and a growing intersection between crypto assets and collectibles.