Dan Schulman

It's been with us for a millennium, and we'll still be carrying around cash for a long time to come. There'll just be less of it. ”

My team and I tried cashing checks at check-cashing places and paying bills by money order. It's incredibly inconvenient and time-consuming - it's practically a part-time job just to manage and move your money. ”

I think that the world is going to remain a very interconnected place. I don't think there's any getting away from that. The Internet has brought us closer together. I think cross-border trade is going to continue to grow substantially. I think there may be certain trade agreements that can be renegotiated, one way or another. ”

The digitisation of money, the rapid expansion of internet access and, of course, the adoption of mobile phones have created the perfect conditions to make it easier, secure, and affordable to save, spend, give, and borrow. ”

The difference between online and offline commerce is basically blurring and disappearing. ”

There's always some potential vulnerabilities in any system. ”

If you think about the under-30 generation, the millennial generation - GenTech, as I call them - they grew up with a screen in front of them. And so they think about everyday processes, like payments, differently than you and I do. ”

Before I became the president of AT&T's consumer division, I was running strategy and our internet services, so I was the president of one of the first internet service providers, ISPs, AT&T Worldnet, and running our internet protocol product development as well. So I knew a lot about what was going on with the internet. ”

PayPal is a strong business: it has a strong balance sheet and free cash flows, and it will help us take a look at where we want to independently invest. ”

PayPal benefited tremendously from having a close partnership with the eBay marketplace. It was a natural fit at the time. ”