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PayPal Is Reportedly In Talks With The Bitcoin People

PayPal Is Reportedly In Talks With The Bitcoin People | money money money | Scoop.it

SAN FRANCISCO (Reuters) - Ebay Inc's <ebay.o> PayPal is in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system, The Wall Street Journal reported on Thursday.



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PayPal Hosts Packed 'Introduction to Bitcoin' Event - CoinDesk

PayPal Hosts Packed 'Introduction to Bitcoin' Event - CoinDesk | money money money | Scoop.it


Payments company PayPal, a subsidiary of auction site eBay, hosted a bitcoin event called PayPal TechXploration on 31st July.

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Bitcoin is a PayPal competitor - not a currency - for retailers

Bitcoin is a PayPal competitor - not a currency - for retailers | money money money | Scoop.it
Newegg is the latest business to accept bitcoins, but the company is just converting them into cash - making Bitcoin more of a PayPal rival. (Bitcoin is not a currency, according to retailers.
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Bitcoin May Be Coming To PayPal Soon, But Critics Say It's Not Worth The Trouble - International Business Times

Bitcoin May Be Coming To PayPal Soon, But Critics Say It's Not Worth The Trouble - International Business Times | money money money | Scoop.it

With eBay adding a digital currency section last month and its CEO recently saying that bitcoin has a future in PayPal wallets, the digital currency seems to have vaulted a few steps closer to legitimacy as a payment option for consumers.

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Bitcoin Integration With PayPal Being 'Actively Considered' Says eBay CEO - International Business Times UK

Bitcoin Integration With PayPal Being 'Actively Considered' Says eBay CEO - International Business Times UK | money money money | Scoop.it

John Donahoe, CEO of ecommerce giant eBay, said he is actively considering an integration of popular digital currency bitcoin with the company's payment processing service PayPal.

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Bitcoin Is The New PayPal | TechCrunch

Bitcoin Is The New PayPal | TechCrunch | money money money | Scoop.it

On February 7, Mt.Gox — the once-popular exchange that hosted 80 percent of the world’s Bitcoin trades — informed users that they were temporarily halting withdrawals of the popular electronic currency from their service due to a technical problem called transaction malleability. This technical flaw allowed fraudsters to manipulate the unique ID of a Bitcoin transaction. They could make it appear as if the withdrawal never happened even though they would still receive the funds.

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PayPal Is Cracking Down on Bitcoin Sellers

PayPal Is Cracking Down on Bitcoin Sellers | money money money | Scoop.it

PayPal does not want people selling Bitcoin on its platform. It appears that related goods and services, such as Bitcoin mining rigs -- that is, specialized computers designed to mine the cryptocurrency by solving complex math problems -- may also be forbidden.



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PayPal president on Bitcoin: 'I don't think it is a currency' - VentureBeat

PayPal president on Bitcoin: 'I don't think it is a currency' - VentureBeat | money money money | Scoop.it

People are confused. They think because it’s called cryptocurrency [that] it’s a currency. I don’t think it is a currency. It’s a store of value, a distributed ledger. It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down. Whenever the regulatory framework is clearer, and the volatility comes down, then we’ll consider it.

 
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Can Bitcoin replace PayPal?

Can Bitcoin replace PayPal? | money money money | Scoop.it
On the heels of China failing to back Bitcoin as a legitimate currency, CNN examines whether this is the future of e-commerce or just another monetary fad. (Is Bitcoin the future of e-commerce?
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Bitcoin is the Future, Not NFC, Says PayPal President David Marcus

Bitcoin is the Future, Not NFC, Says PayPal President David Marcus | money money money | Scoop.it
Bitcoin has more potential to revolutionize commerce than near-field communication (NFC) technology does, according to PayPal president David Marcus.
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A Message to PayPal - Cryptocurrency News, Bitcoin Trading Analysis

A Message to PayPal - Cryptocurrency News, Bitcoin Trading Analysis | money money money | Scoop.it

Instead of embracing Bitcoin, PayPal could create their own payment processing system using the source code used to create Bitcoin. The idea of wallets, fast confirmations of transactions, anonymity of the users will be preserved. Instead of a coin payment to the miners, offer to pay them in dollars.

 
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation