Peter Thiel Says Bitcoin Will Need a Payment System to Work

Peter Thiel Says Bitcoin Will Need a Payment System to Work

Peter Thiel: the name is almost ubiquitous in the business community. Thiel is a venture capitalist, hedge fund manager, and oh, the co-founder of PayPal. And he suggests there are still some issues that need to be worked through before bitcoin hits the mainstream. Here's what he had to say in a video interview with USA Today: Bitcoin is sort of the opposite [with reference to how PayPal was built]. You have a new currency, at least on the level of speculation, but you haven't gotten the payment system to work. So it's very hard to transact, and I think that's going to be the key....


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