Bitcoin Support Coming? PayPal Files Patent for Payment Device That Accepts Cryptocurrencies
PayPal Inc. has filed a patent application for a modular payment device that accepts bitcoin and other digital currencies. The application, filed with the U.S. Patent & Trademark Office, includes a lengthy description of how it manages virtual currencies and it specifically names bitcoin, Litecoin and Dogecoin. The application also describes physical characteristics of the device, and it includes an image of the device. Modular Payment Module. The application’s abstract describes a modular payment module. The module includes a chassis which has a modular device connector. A payment....
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There are some indications pointing towards Paypal finally introducing official support for Bitcoin and other cryptocurrencies. Paypal has filed a patent for a modular payment system. Although it seems to indicate this will be a hardware device of some sort, there is also a mention of using a virtual currency wallet system. Every time a company files a patent for some new form of payment technology, there seems to a buzz of excitement in the air. In the case of PayPal, their patent application revolved around a modular payment system, which offers some interesting traits. The PayPal....
The international payments processor PayPal has filed a patent application with the United States Patent and Trademark Office (USPTO) for a payment device that will be able to process cryptocurrencies including Bitcoin, Litecoin, and Dogecoin. Multi-funding source support. All in all, the device will support credit cards, PayPal accounts, and cryptocurrency wallets, with Bitcoin, Litecoin, and Dogecoin already confirmed. The patent application for the physical device was made on May 26th. According to Softpedia: “The device is made up of two main modules, a payment module engine and a....
Paypal says “yes” to digital currency; content creators may find themselves getting rich; and Russia is the world’s latest cyber-attack victim. Want to catch up on your digital currency news? Take a look below and see what you’ve been missing. PAYPAL. PayPal has filed a patent for a new device that will allow for the acceptance of digital currency. The e-payment network has long hinted at a possible relationship with bitcoin, but several weren’t sure if purchasing bitcoins through PayPal’s platform was as far as the relationship would go. Happily, this doesn’t seem to be the case. The....
Is Canada going cashless? Are PayPal and Coinbase an item? Is IBM testing the blockchain? Take a look below to catch up on all the Bitcoin and digital currency news. Is the Finance Sector Getting Cozy With Bitcoin? COINBASE. In what’s being called a “stellar move,” Bitcoin exchange Coinbase is adding PayPal and credit card support for its users. Coinbase recently reported on its blog: “Through this integration, Coinbase users are now able to sell BTC and have their USD funds deposited to a PayPal wallet… We’ll invite more users to each service over the next few weeks, and we’ll be....
Bitcoin wallet and exchange Coinbase has revealed new funding methods – PayPal and credit cards, to further enable digital currency transactions and swaps in its exchange. The support for the two new funding mechanisms is currently in beta. In a move that can be seen as a further sign that PayPal is dipping its toes into the bitcoin space, a tie-up with digital currency exchange Coinbase will see the latter enable PayPal support for bitcoin selling. “Through this integration, Coinbase users are now able to sell BTC and have their USD funds deposited to a PayPal wallet,” Coinbase explained....