27 May '16, 6pm

PayPal Modular Payment System Will Support Bitcoin

PayPal Modular Payment System Will Support Bitcoin Paypal has filed a patent for a modular payment system. Although it seems to indicate this will be a hardware device of some sort, there is also a mention of using a virtual currency wallet system. Every time a company files a patent for some new form of payment technology, there seems to a buzz of excitement in the air. In the case of PayPal, their patent application revolved around a modular payment system, which offers some interesting traits. The PayPal Modular Payment System Patent It seems pretty evident Paypal will be building a new hardware solution to accept and complete payments. Part of their modular payment system revolves around a chassis, which contains a connector to the device itself. On the software side, there will be a database of some sorts to record funding source and security information. There will a...

Full article: http://www.altcointoday.com/paypal-modular-payment-system...

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