vacuum
24th April 2013, 08:26 AM
This is pretty big news.
PayPal's director says that they're considering adding Bitcoin as a funding instrument (http://www.reddit.com/r/Bitcoin/comments/1d09zg/paypals_director_says_that_theyre_considering/)
People commented that a better title was needed, so here is the better title minus the karma for me this time.
David Marcus, president of EBay Inc.'s PayPal unit was on Bloomberg today where he said:
And I think here, 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.
Here are the links to the original post (http://www.reddit.com/r/Bitcoin/comments/1d078f/paypal_sees_20_billion_in_mobile_transactions/) and to the video (http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html).
[Update:]
A lot of people are really missing the big picture here! If PayPal accepts Bitcoin as a funding instrument, it will open up the flood gates for spending Bitcoin and it will have numerous other benefits:
You will be able to spend your bitcoins on eBay!!!
People from all those countries currently not supported by PayPal can now fund their PayPal accounts with Bitcoin!
PayPal provides consumer protection!
Merchants will get Bitcoin payment processing directly from PayPal!
They may even be a sort of "proxy exchange" where the average Joe can buy Bitcoins with money from their credit card or bank account
PayPal's director says that they're considering adding Bitcoin as a funding instrument (http://www.reddit.com/r/Bitcoin/comments/1d09zg/paypals_director_says_that_theyre_considering/)
People commented that a better title was needed, so here is the better title minus the karma for me this time.
David Marcus, president of EBay Inc.'s PayPal unit was on Bloomberg today where he said:
And I think here, 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.
Here are the links to the original post (http://www.reddit.com/r/Bitcoin/comments/1d078f/paypal_sees_20_billion_in_mobile_transactions/) and to the video (http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html).
[Update:]
A lot of people are really missing the big picture here! If PayPal accepts Bitcoin as a funding instrument, it will open up the flood gates for spending Bitcoin and it will have numerous other benefits:
You will be able to spend your bitcoins on eBay!!!
People from all those countries currently not supported by PayPal can now fund their PayPal accounts with Bitcoin!
PayPal provides consumer protection!
Merchants will get Bitcoin payment processing directly from PayPal!
They may even be a sort of "proxy exchange" where the average Joe can buy Bitcoins with money from their credit card or bank account