Former PayPal COO Says Cryptocurrency Is Working to Achieve a Database of Money

In an interview with CNBC last week, former PayPal COO and serial entrepreneur David Sacks talks about how cryptocurrencies are fulfilling the original PayPal vision; he explains: “A payment is just a credit to one account and a debit to another. That’s a database entry. We believed that, if we could get enough people to participate, money would never need to leave the system. PayPal could become the database of money.”; he talks about blockchain technology helping to build web 3.0 and a new wave of innovation; the interview also touched on how the current environment shows some of the same signs of the dot com era, the two ways digital assets are a threat to traditional venture capital and some of the biggest challenges that lie ahead. Source

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