04 May '13, 7pm

PayPal considers accepting BitCoin payments

PayPal considers accepting BitCoin payments

PayPal CEO John Donahoe is considering ways of implementing BitCoins into PayPal’s digital transaction network. He says that he’s watching Bitcoins very closely and expects that the virtual currency, or virtual currency in general, will be here to stay. In an interview with The Wall Street Journal , Donahoe stated that within 5 years, Bitcoins and other virtual currencies will be able to be converted into cash and be used in the real world. The value of Bitcoins has skyrocketed , with its current value being around $140 last time I checked (but considering how quickly its value changes, it may be different now). If Bitcoins were able to be converted into real cash, the U.S. Treasury Department would apply certain money-laundering rules to regulate the exchange of the currency. The regulations would treat Bitcoins in a similar fashion as regular money-order transactions. Do...

Full article: http://www.slashgear.com/paypal-considers-accepting-bitco...

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