Bitcoin set to overtake PayPal in 2014
Bitcoin to overtake PayPal in 2014. The Laureate Trust has announced, via a press release to The Digital Journal, that they expect Bitcoin to pass PayPal in USD transaction volume later this year. The Trust has pointed out that Bitcoin is fast establishing itself as the currency of choice for international internet purchases and payments. Bitcoin has now reached a transaction volume of $300 Million, per day. The Laureate Trust sees the current Bitcoin price, now circa US$530-560, as a tremendous opportunity to buy into Bitcoin, they advise that the currency could increase by up to 50....
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With the price of bitcoin seemingly on the up and up, there's no shortage of conversation on the topic of where the price goes from here. There's seemingly no shortage of optimism, either, with the value of bitcoin up a whopping 18 percent in the past week. Hedge fund Laureate BVI is taking part in that optimism, after issuing a speculative buy rating on the digital currency back in February. "Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized," says Laureate CEO Peter Tasca, according to Digital Journal. "The digital currency works,....
PayPal has joined forces with Bitcoin as a sort of keep-your-friends-close-and-your-enemies closer tactic. Bitcoin is designed to overtake and make obsolete services like Paypal and Western Union. It is faster, less expensive, and doesn't require their third-party services to accomplish the same objectives. It is a better PayPal, and they know it. Now that the Internet has borne this superior option, it would be wise for PayPal to foster a stronger connection with its customer base to keep them happy and in the fold, no? PayPal doesn't see it that way. In fact, they may be looking to drive....
The volume of electronic payments surpassed cash transactions in 2016, beating fiat for the first time in history. Bitcoin could overtake credit and debit card payments within the next decade. Euromonitor International (EI), a global market intelligence provider, revealed that electronic payments settled with credit and debit cards nearly reached $25 trillion in the past 12 months. The chart provided by EI below does not take account of other Fintech or financial service providers such as Alibaba’s Alipay, whose market cap is larger than that of PayPal, at $60 bln. Bitcoin, Alipay, PayPal....
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....
After more than a decade of being part of eBay Inc. , PayPal will return to the stock market as an individual company. Shares of PayPal (PYPL.O) jumped up 11% in value as people anticipate the company’s return to NASDAQ. With that rise, and adjusting for market stabilization, PayPal is now valued at about $52 Billion. Online payments have changed considerably since 2002 when eBay acquired PayPal, and the popularity of PayPal has lead to a relationship that hinders the potential of PayPal. Processing over $235 billion in 2014, PayPal handles some massive transaction volume on a daily basis,....