04 May '13, 2pm

Bitcoin On The PayPal Network

Let’s examine what it could mean when something like Bitcoin, that is both platform and unit , is absorbed into something like PayPal that is just platform. Phil Archer writing at The Genesis Block categorized the four areas of likely impact — online wallets, escrow services, merchant processing, and exchange services. PayPal account funding alone is not exactly bitcoin sitting on the PayPal payments network, so that use case is not included in the analysis. Archer concludes that PayPal’s immediate advantage would be in the first two areas with eventual game-changing impact probable in the latter two.

Full article: http://www.forbes.com/sites/jonmatonis/2013/05/04/bitcoin...

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