29 Nov '14, 4pm

Bitcoin is the True Paypal

Bitcoin is the True Paypal

Updated: November 29, 2014 at 6:33 pm CET. Ken Miller is the COO of Gem, a simple and secure Bitcoin platform for developers, and he is one of the original employees at PayPal. In a thoughtful article on TechCrunch , he outlines some possible features and consequences of the forthcoming integration of Bitcoin payment with Paypal (whose announcement was immediately followed by a rise in the price of Bitcoin ), and some interesting similarities and differences between the two. The benefits of the integration are obvious. Merchants would be able to add a payment option that works with their existing checkout infrastructure, and so attract more happy customers without incremental work. Consumers, who are increasingly using Bitcoin and looking for places to spend it, would have more options to use their bitcoins without having to convert them to fiat currency first. Of course, ...

Full article: https://www.cryptocoinsnews.com/bitcoin-true-paypal/

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