Bitcoin Poised To Top $1.5 Million, Says Ex-PayPal President

David Marcus, PayPal President stated that the company was thinking a lot about bitcoin. David Marcus, president of EBay Inc.'s PayPal unit, talks about mobile payment security and the prospects for virtual currency bitcoin. He speaks to Guy Johnson on Bloomberg Television's show called "The Pulse". When Guy Johnson questioned PayPal President about what was his vision on bitcoin, David Marcus answered: "I've been spending a lot of time looking at it! And it's truly fascinating actually; the way that the currency has been designed and the way the inflation is built in to pay for miners and....

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....

The president of eBay has revealed that his company is preparing to expand the range of digital currencies it accepts. In an interview with the Financial Times, John Donahoe even went as far to say that PayPal could, one day, incorporate bitcoin. He said digital currency is going to be a "very powerful thing", but said the ecommerce group is first going to focus on incorporating reward points from retailer loyalty schemes into its PayPal wallet. Donahoe said using PayPal as a digital wallet will make it a lot easier for consumers to keep track of their reward points. When asked....

After reaching $20 Billion in mobile transactions, PayPal President appeared on Bloomberg TV's "The Pulse," with Guy Johnson to discuss mobile security and share his thoughts on the Bitcoin currency. This morning, PayPal President, David Marcus, expressed his fascination with Bitcoin and opened the door to a potential implementation of the up in coming online currency. As PayPal strives to remain the leader in innovative and convenient ordering and payment processing for individuals and merchants, we are prompted to wonder whether such a hunger for leadership and ingenuity will prompt....

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....