Bitcoin is the Future, Not NFC, Says PayPal President David Marcus

Bitcoin is the Future, Not NFC, Says PayPal President David Marcus

Bitcoin has more potential to revolutionize commerce than near-field communication (NFC) technology does, PayPal president David Marcus said at the LeWeb conference in Paris today. Marcus stressed he is a big fan of bitcoin and has a personal stash of the digital currency, but said the majority of people don't currently understand what bitcoins actually are, CNET reports. "People are confused. They think because it's called cryptocurrency it's a currency. I don't think it is a currency. It's a store of value, a distributed ledger," he said. Bearing all of this in mind, Marcus said he's not....


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PayPal President David Marcus: Bitcoin, Not NFC, is the Future of Payments

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PayPal President says PayPal believes in Bitcoin

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Paypal's Future Use Of Bitcoin Is Closer Than You Think

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PayPal President: We're Believers in Bitcoin

PayPal president David Marcus took to twitter Monday morning to make some things clear on his company's stance on digital currency bitcoin. His message comes as seemingly the entire bitcoin community has convinced themselves the money transmitter is anti-bitcoin, with policies that do not permit PayPal users to sell the likes of bitcoin, litecoin, and other cryptocurrencies. Word has also been spreading in the community that PayPal may also be cracking down on individuals selling bitcoin mining hardware: "To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We....

Quotes

Blockchain technology will not only change the way we do payments, it will change the whole trading and settlement topic.

Oliver Bussmann, CIO, UBS