10 Dec '13, 4pm

Bitcoin is the Future, Not NFC, Says PayPal President David Marcus

Bitcoin is the Future, Not NFC, Says PayPal President David Marcus

Bitcoin has more potential to revolutionize commerce than near-field communication (NFC) technology does, PayPal president David Marcus said at the LeWeb conference in Paris today. Marcus stressed he is a big fan of bitcoin and has a personal stash of the digital currency, but said the majority of people don’t currently understand what bitcoins actually are, CNET reports . “People are confused. They think because it’s called cryptocurrency it’s a currency. I don’t think it is a currency. It’s a store of value, a distributed ledger,” he said. Bearing all of this in mind, Marcus said he’s not yet ready to let people link their bitcoin wallets with their PayPal accounts. He added: “Whenever the regulatory framework is clearer, and the volatility comes down, then we’ll consider it.” While Marcus is largely positive about bitcoin, he doesn’t have many kind words to say about NF...

Full article: http://www.coindesk.com/bitcoin-future-paypal-president-d...

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PayPal President David Marcus at LeWeb (Credit: Stephen Shankland/CNET) PARIS -- Online payments will look completely diff...

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news.cnet.com 10 Dec '13, 2pm

PayPal President David Marcus at LeWeb (Credit: Stephen Shankland/CNET) PARIS -- Online payments will look completely diff...

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