Paypal President: We're thinking about adding Bitcoin (2:50) [video]
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Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#2that's so garbage, I remember back in the early days, they were closing down accounts used in bitcoin exchanges. Getting money into bitcoin exchanges was a huge problem.
Besides, with bitcoin, why use paypal? Is paypal going go try to act as an exchange between btc and usd?
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#3It's interesting they showed paypal.com screenshots from early 2000's
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#4that's so garbage, I remember back in the early days, they were closing down accounts used in bitcoin exchanges. Getting money into bitcoin exchanges was a huge problem. Besides, with bitcoin, why use paypal? Is paypal going go try to act as an exchange between btc and usd?
"Besides, with bitcoin, why use paypal?"
If you have a bunch of Bitcoin money but need to do business with people who will only accept fiat currencies, you need some kind of exchange service. I suspect that is what Paypal will do.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#5Can't click this link right now. Abbreviated transcript please?
It's weird to see Paypal and Bitcoin in one sentence on the domain bloomberg.com... Bloomberg is one of the biggest financial companies and entirely against Bitcoin. I can't rhyme this; what are they saying about it?
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#6that's so garbage, I remember back in the early days, they were closing down accounts used in bitcoin exchanges. Getting money into bitcoin exchanges was a huge problem. Besides, with bitcoin, why use paypal? Is paypal going go try to act as an exchange between btc and usd?
"Besides, with bitcoin, why use paypal?" If you have a bunch of Bitcoin money but need to do business with people who will only accept fiat currencies, you need some kind of exchange service. I suspect that is what Paypal will do.
Or they start to act like Bitpay, providing payment (or donation) services. In addition they could exchange BTC against other currencies at the current market rate from a market exchange like Btc-e, mt.gox or bitcoin-central.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#7Doubtful. I expect this is a tactical marketing play to associate themselves with the current hipness of Bitcoin.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#8"We're thinking about it" - They better be, because if decentralized payments hit the mainstream, PayPal's 3.9% fee is going bye-bye.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#9Can't click this link right now. Abbreviated transcript please? It's weird to see Paypal and Bitcoin in one sentence on the domain bloomberg.com... Bloomberg is one of the biggest financial companies and entirely against Bitcoin. I can't rhyme this; what are they saying about it?
Bloomberg is a news organization too. Them not covering financial news like Bitcoin would be the weird thing - it'd be like FOX News not covering terror attacks because they're anti-terrorism.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#10The main line:
"So I've been spending a lot of time looking at it. It's truly fascinating, actually, the way the currency's been designed and the way inflation is built-in to pay for miners and all that, it's truly fascinating. And I think, for us at PayPapl, it's just a question of whether Bitcoin will make its way to PayPal's funding instrument or not, and we're kind of thinking about it right now."