27 Feb '15, 5pm

Kim Dotcom’s Mega is dropped by PayPal over end-to-end encryption, may adopt Bitcoin instead

Kim Dotcom’s Mega is dropped by PayPal over end-to-end encryption, may adopt Bitcoin instead

Kim Dotcom’s Mega is dropped by PayPal over end-to-end encryption, may adopt Bitcoin instead By Michael Carney On February 27, 2015 Mega, the end-to-end encrypted cloud storage platform founded by mercurial entrepreneur and occasional outlaw Kim Dotcom, is back in the news. This time, the company’s primary adversary is PayPal, which earlier this week cancelled its payments processing contract. In a blog post on the news, Mega writes: Eventually PayPal made a non-negotiable decision to immediately terminate services to MEGA. PayPal has apologised for this situation and confirmed that MEGA management are upstanding and acting in good faith. PayPal acknowledged that the business is legitimate, but advised that a key concern was that MEGA has a unique model with its end-to-end encryption which leads to “unknowability of what is on the platform”. Dotcom claims that the real dri...

Full article: http://pando.com/2015/02/27/kim-dotcoms-mega-is-dropped-b...

Tweets

.@PayPal Drops @MEGAprivacy Due to Use of End-to-end Encryption #bitcoin #crypto #privacy

.@PayPal Drops @MEGAprivacy Due to Use of End-t...

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