File Hosting Service Refuses Spying for PayPal, Picks Bitcoin
The alternative open source file hosting software system Seafile just announced it’s accepting Bitcoin due to a “misunderstanding” with PayPal. The popular platform is similar to the functionality of Google Drive or Dropbox offering both community file hosting and its professional services. Seafile Picks Bitcoin, Drops PayPal. Seafile just announced that....
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More and more companies are looking to bring digital services to their user base, which also presents quite the opportunity for Bitcoin and other digital currencies. And what better way for Bitcoin to gain more traction than by being added to a cloud-based content distribution platform such as Ziddu? Ziddu: File Hosting and Cloud Services. When you talk about file hosting or cloud services, people will mostly discuss companies such as Dropbox, Google Drive, OneDrive or even MediaFire. However, there is a major competitor in that space called Ziddu, a company most people have probably never....
A report suggests the action may be over the firm's digital currency, Masterbucks.
PayPal is known for being antagonistic towards Bitcoin. The company is known to “sever business relationships” with people who sell Bitcoin products (specifically miners) on eBay, the company that owns PayPal. It doesn’t really seem fair for PayPal to block people from selling Bitcoin mining gear. After all, Bitcoin miners are just specialised computers, and there’s nothing illegal or prohibited in eBay’s terms of service about selling computers. But since Bitcoin threaten’s PayPal’s entire business, it seems a logical (though anti-competitive) move on PayPal’s part. However, one eBay....
Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO Dan Schulman provided new details of the company’s new cryptocurrency service during the Q3 2020 earnings call on Monday. Paypal recently announced that its customers will be able to buy, hold, and sell cryptocurrencies, including bitcoin, directly from their Paypal accounts. Cryptocurrencies in....
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....