1. It’s expensive to be poor. The less money you have, the more it costs you to do basic transactions.
2. If you want to cash a check, and you’re part of the banking system, it’s simple and easy. It’s usually free of charge.
3. But if you’re outside the system, you need to stand in...

What’s the biggest problem with the way the financial industry is set up?

Dating from a time when financial executives were far less likely to reveal their opinions, Schulman has not been shy in stating his, about everything from discriminatory bank practices and wealth inequities. That, he says, has meant putting his views into reality in the way he leads PayPal. In 2...

You talk a lot about equity. A lot of companies talk about equity, ESG goals. How do we trust that companies are actually doing what

they claim to be doing, when there’s no real way to measure it?

He spoke with Vivienne Walt about how his very public commitments to social justice mesh with the way he leads PayPal’s 26,500 employees.

When will central banks actually start using digital currency in great numbers?

1. Many people have forecasted the death of cash and been wrong, and I don't want to be another in that long list! But everyone has a smartphone.
2. It is becoming ubiquitous, and wireless connectivity is becoming more and more ubiquitous.
3. The ability to leapfrog into the next ge...

Is paper money really dying out, or is it just us sitting in Europe and California who think that? If you travel around Africa, no one takes a credit card.

1. I think that companies have an obligation and the CEOs who run those companies have an obligation to stand up and address the societal issues that are around us.
2. Otherwise, it's just propaganda and employees, and customers and share holders see through that