“What we want to do to monetize Venmo is to add more and more capabilities. Anywhere you see a PayPal merchant, you can click on that button and actually use your Venmo account to check out at that merchant. Then we'll monetize that transaction exactly the same way we monetize a PayPal transaction.”

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About Dan Schulman

American business executive

Dan Schulman is an American business executive. He has led major companies in the payments and telecommunications sectors, including Verizon, PayPal, American Express, Sprint, and Virgin Mobile. He served as chief executive of Verizon, and previously was president and CEO of PayPal. Before that, he was group president of enterprise growth at American Express, where he helped steer the company toward mobile and online payment services, new partnerships, and revenue beyond its traditional card and travel businesses. Earlier in his career, he was president of Sprint's prepaid group and the founding CEO of Virgin Mobile.

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