24 Apr '13, 1pm

PayPal's director says that they're considering adding Bitcoin as a funding instrument (re-post with better title)

Their strategy maybe "if you can't beat them, join them." Pretty smart if you ask me! Is it a bad thing? Certainly not: any acceptance by major company like that is going to send Bitcoin into the stratosphere! What they're saying is that they don't see Bitcoin as competition, rather it's a complimentary funding instrument. It could be an awesome symbiotic relationship because of the consumer protection that they provide, which is something completely lacking in Bitcoin right now. Some people want the consumer protection, so having an establish payment processor provide them with that protection is absolutely awesome (for a lack of better terminology)!

Full article: http://www.reddit.com/r/Bitcoin/comments/1d09zg/paypals_d...

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