Industry Report: PayPal Gets Into the Bitcoin Game
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....
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Once seen as a direct competitor, PayPal has warmed up quite a lot to Bitcoin. Last year, PayPal's president David Marcus stated that his company was "thinking about" bitcoin. Then, just recently, PayPal announced bitcoin integration through one of its smaller projects - Braintree. And today, PayPal has partnered with three major bitcoin payment processors - BitPay, Coinbase, and GoCoin, to allow PayPal's digital goods merchants to accept bitcoin payments. PayPal Payments Hub. The PayPal Payments Hub is the company's alternative payments platform used exclusively for digital goods such as....
Compliance is key if you want to play the game, says PayPal CEO Dan Schulman. There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes.On Dec. 2, Schulman joined the Web Summit online conference to discuss the cashless era of the global financial industry with Squawk Box host Andrew Ross Sorkin.As part of the discussion, Schulman addressed issues related to cryptocurrency regulation, calling on the industry to closely collaborate with financial authorities to bring more utility to crypto. “There is only....
Bitcoin was the means for Satoshi Nakamoto to reward participants to play his game. It was never meant to be standalone currency. That idea was conjured up by the players of the game. Every game community would like their in-game currency to have real world value. Play a game for money? Where do I sign up? What is being lost in this push to have corporations and governments grant Bitcoin as the holy grail of value storage, is a payment processing system has been created that trumps all predecessors. We now have a system of payment that can accept a percentage fee for even the most micro....
PayPal opening up its network to bitcoin and crypto is a game-changer, but the announcement hides a bigger and more important message.
Paypal or Bitcoin? Or Both? The diaspora of arguments touting Bitcoin's superiority over Paypal is endless. There are economic incentives for buyers and sellers, large and small, to use Bitcoin vs Paypal. Simultaneously, there are still infrastructure gaps that may prevent the efficient use of Bitcoin over Paypal at this time. Today, I will focus on why I (me, me, me), and by extension why you, should use Bitcoin instead of Paypal. Centralized Vs. Decentralized. Any Paypal user, whether a buyer or a seller, will at some point run into issues with Paypal's centralized structure. For....