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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David Marcus, PayPal President stated that the company was thinking a lot about bitcoin. David Marcus, president of EBay Inc.'s PayPal unit, talks about mobile payment security and the prospects for virtual currency bitcoin. He speaks to Guy Johnson on Bloomberg Television's show called "The Pulse". When Guy Johnson questioned PayPal President about what was his vision on bitcoin, David Marcus answered: "I've been spending a lot of time looking at it! And it's truly fascinating actually; the way that the currency has been designed and the way the inflation is built in to pay for miners and....
PayPal is often seen as an enemy to the bitcoin ecosystem. But the man heading the company, David Marcus, seemingly has some high hopes for bitcoin's future. Speaking at LeWeb in Paris on Tuesday, Marcus suggested that bitcoin has a better chance of catching on in the future than a technology like NFC (near-field communications). Instead swiping or using a PIN pad, they're tapping. How is that really better? How is that changing your life? People don't want that
This is really interesting. The PayPal president Marcus David has gone out in public telling us that they have no policies against using PayPal to buy and sell mining rigs AND that he and PayPal actually believes in Bitcoin. If this is good news or not for the current Bitcoin price is unsure. It could go both ways. See the tweets below: To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We don't support any currency txn whether fiat or BTC... - David Marcus (@davidmarcus) January 13, 2014. ...for a host of regulatory issues. But we treat BTC and any FX txn....
Earlier today, David Marcus (The current President of Paypal) tweeted: To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We don't support any currency txn whether fiat or BTC... ...for a host of regulatory issues. But we treat BTC and any FX txn the same way. We're believers in BTC though. Now, when we here at CCN first reported on this happenstance, we were emphasizing David Marcus stating that Paypal is a believer in Bitcoin. I want to take a quick second later to dictate exactly what Paypal being a believer in Bitcoin means (hint, don't get your hopes....
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....