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PayPal's CEO says digital payments will replace credit cards

 

At TheStreet's Investor Boot Camp Conference, held last week, PayPal CEO Dan Schulman noted that he believes credit cards will be largely obsolete in 20 years. Schulman thinks they'll be replaced by more convenient digital methods, like contactless or QR code-based payments, and that customers will still need a funding instrument, but will focus more on front-end benefits than back-end logistics when choosing how to pay. ... read more

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