26 Apr '13, 8am

What Bitcoin's Rise Exposes About the Modern Payments Industry

People — and payment companies — are starting to take Bitcoin seriously. The decentralized virtual currency is overcoming its stigma as a fringe currency for illegal transactions and is stirring up consumer scrutiny of the practices of large payment providers. The payments industry is changing rapidly, but today the movement isn't about payments — it's about data. Products such as Google Wallet or the Starbucks Card app entice consumers with targeted offers based on records of what consumers purchase. Merchants, in turn, benefit by selling more merchandise and increasing revenue. Companies such as Google have an insane amount of information about individuals — and consumers don't seem to realize the intrusion. Bitcoin gained rapid attention in part because of its focus on anonymity, which prompted a more mainstream debate on privacy. People have begun wondering whether rec...

Full article: http://www.paymentssource.com/news/what-bitcoins-rise-exp...

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PayPal currently doesn’t have much of a relationship with the virtual currency Bitcoin, but that may soon change. The comp...

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thenextweb.com 24 Apr '13, 2pm

PayPal currently doesn’t have much of a relationship with the virtual currency Bitcoin, but that may soon change. The comp...

PayPal

thenextweb.com 24 Apr '13, 2pm

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