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

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

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....


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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