PayPal CFO: Merchants Don’t Use Crypto Because of Its Volatility

The CFO of PayPal has stated that merchants using the service are not in favour of accepting cryptocurrency payments. John Rainey, the chief financial officer of the online payments company, said that the volatility of digital currencies makes them unsuitable for use as a currency at present.
Bitcoin Proving Too Volatile to Use as a Currency
Speaking in an exclusive interview for CNBC’s ‘Mad Money’ segment yesterday, John Rainey stated that merchants using PayPal were not