Blockchain, cryptocurrency can help democratise financial services: PayPal

Digital payments major PayPal on Thursday said the technological shift brought in by blockchain and cryptocurrency can help democratise financial services and bring in greater financial inclusion.

PayPal also highlighted that it has an offensive and defensive strategy for cybersecurity to ensure it can continue offering safe and secure user experience on its platform.

PayPal EVP and Chief Technology Officer Sri Shivananda said the infrastructure being built by the company will not only support digital currencies, but the intent over time is to also support all of the central bank digital currencies as a form of digital money.