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PayPal CEO Dan Schulman has stared down death threats for taking tough social stances, but in entering China, the PayPal CEO could find the biggest challenge yet to his values.

Why it matters: Other companies have gone into China thinking that they could access the giant market without having to compromise their values. At some point, most of them were forced to choose one or the other.

Pressed on the issue, Schulman told "Axios on HBO" he isn't worried.

  • "Every country around the world has issues," Schulman said. "We need to navigate those in the way that we feel is most consistent with our values and most consistent with our mission. Not easy to always go do, but I wouldn't single out China versus any other country."

Between the lines: Schulman has certainly been willing to take stands here in the U.S., throwing white supremacists off PayPal's service and pulling a planned expansion into North Carolina after that state passed a law that severely limited transgender rights.

  • But China isn't the U.S. or other countries, as the NBA was just the latest to have made painfully clear.

Meanwhile: Schulman also discussed the future of digital payments and the controversial privacy practices of Venmo, the company's fast-growing peer-to-peer payment unit.

  • So, is cash dead? "I think cash is gonna be with us for a long time. But I do think it's inevitable — that all forms of money are going to eventually digitize."
  • Why are Venmo transactions public by default? "I think the boundaries between private and public are much more blurred than we're — than it was when we were growing up. To that generation, and we shouldn't put our values or our judgment on it, sharing and understanding what their friends are doing and what's important to their friends is incredibly reinforcing."

Go deeper

Updated 10 mins ago - World

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Trump struck several large arms deals with Mohammed bin Salman (L) and Saudi Arabia. Photo: Kevin Dietsch-Pool/Getty Images

The Biden administration has put on hold two big arms deals with Saudi Arabia and the United Arab Emirates which were approved in the final weeks of the Trump administration, a State Department official told Axios.

Why it matters: The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review. That signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.

Trump supporter found with pipe bombs accused of plot to attack Democrats

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The FBI believes California Gov. Gavin Newsom (D) and the Bay Area headquarters of Twitter and Facebook were targets of a man facing federal explosives charges, according to a criminal complaint.

Driving the news: Prosecutors charged Ian Benjamin Rogers after finding weapons including five pipe bombs, 49 guns and thousands of rounds of ammunition following a Jan. 15 search of his Napa County home and auto repair business. His alleged goal was to ensure former President Trump remained in office.

4 hours ago - Health

Fauci: COVID vaccine rollout needs to prioritize people of color

Anthony Fauci. Photo: Alex Wong via Getty Images

Infectious disease expert Anthony Fauci highlighted the need to address racial disparities in the COVID-19 vaccination process, per an interview with The New England Journal of Medicine on Wednesday.

What he’s saying: "I think that's the one thing we really got to be careful of. We don't want in the beginning ... most of the people who are getting it are otherwise, well, middle-class white people."