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Jose Fernandez da Ponte, Senior Vice President and General Manager of Blockchain, Crypto, and Digital Currencies at PayPal, recently shared. Xapo CEO and director at PayPal, Wences Casares, recently made some spectacular claims about the potential price of Bitcoin in the future in an essay that. In an essay published on Kana and Katana last month, Xapo CEO Wences Casares said that bitcoin may be worth more than $1 million in 7 to

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Notably, da Ponte emphasized that while the transition to stablecoin usage might not be immediate, it could provide significant advantages in specific use cases like remittances and digital goods. This, according to him, makes transactions faster and more cost-effective. He was the co-creator of Diem, a cryptocurrency project initiated by Facebook, and has served as the president of PayPal as well as Head of Messenger and Head of Novi at Meta. It is very interoperable, it is relatively transparent, and in theory, you can get faster settlement and faster cross-border settlement, because it's not encumbered. This would essentially just be a digital twin of the U.