PayPal merchants can now accept Bitcoin?
Wow. That's news.
http://www.reddit.com/r/Bitcoin/comments/321pb3/paypal_just_filed_this_document_to_the_sec/
edit
Key words here:
"....digital currencies such as Bitcoin..."
Chaps....world domination is upon us. Hold on to your beer (and the boobs).
Wow. That's news.
http://www.reddit.com/r/Bitcoin/comments/321pb3/paypal_just_filed_this_document_to_the_sec/
edit
Key words here:
"....digital currencies such as Bitcoin..."
Chaps....world domination is upon us. Hold on to your beer (and the boobs).
PayPal doesn't have a mobile hardware phone offering, so while Apple Pay, Microsoft and Samsung all jump into mobile payments, PayPal needs to do something different.
Options.
1. Add Bitcoin and start pissing off Visa and MasterCard, and the above. That's not so bad for PayPal because it back's onto people's bank accounts. In theory PayPal could wipe out Coinbase, while also propelling Bitcoin into the mainstream.
2. PayPal could try to buy a hardware unit, if Blackberry wasn't such a basket case it could have been RIM. But why bother? PayPal is currently unique in that it connects to people's bank accounts. Until Apple, Microsoft and Samsung switch to doing this, PayPal and Bitcoin are a natural fit for PayPal's competitive advantage.
I'd be buying Bitcoin and PayPal stock at this point.
Well, that's awesome. BIT on Monday PLUS Paypal? The ultimate Bear trap is being settled... Am I the only one who sees where this is going?
PS: Options for h/w wallet: https://www.hardwarewallet.com/
PS2: They don't need one. Any phone with paypal app will do just fine...
Shorters will get burnt before the news. If this is real, rumor will get bitcoin to 300$ in less than 24 hours.
Watch out for the unexpected side impact of Google entering the scene like a bull in a China shop.
That's good news. But shouldn't we see a change in trend by now?