PayPal is adding several new members to its cross-disciplinary advisory council on Blockchain, Crypto and Digital Currencies (BCDC).
“As a global leader in commerce and payments with bold ambitions for shaping how blockchain, crypto, digital currencies will provide increased access to financial services in the near term, we believe it is crucial to engage with the world’s best leaders to better understand the industry’s most compelling opportunities and complex challenges,” PayPal said in a blog post Tuesday (Feb. 8).
The new members include Fortress Investment Group Co-CEO Peter L. Briger Jr., Turning Award winner Dr. Shafi Goldwasser and Georgetown Law professor Chris Brummer.
The roster also includes former Chairman of the U.S. Commodity Futures Trading Commission Timothy Massad, MIT Digital Currency Initiative Director Dr. Neha Narula and MIT Sloan School of Management professor Antoinette Schoar.
PYMNTS wrote on Feb. 1 that PayPal’s stock fell 17% after its fourth-quarter earnings were released, showing the pitfalls of earnings forecasts and Wall Street expectations.
See also: PayPal: Venmo Volume Gains 29% to $61B, Super App in Focus
On an earnings call, PayPal CEO Dan Schulman said that the company’s top line in the first half of this year would see a $600 million drag from the shift away from its relationship with eBay. The company expects to have a 6% growth the first quarter.
Schulman said he looked forward to not having to account for the eBay pact and letting the core results “speak for themselves.”
EBay’s revenue contribution in the quarter was 3%, a fall from 10% a year ago.
