27 Feb '15, 8am

Kim Dotcom's Mega could use bitcoin after Paypal ceases processing payments

Kim Dotcom's Mega could use bitcoin after Paypal ceases processing payments

Kim Dotcom claimed that pressure from "Hollywood and the US government" led Paypal to cancel processing payments for his Mega file-sharing service, but the cloud storage company could be looking to cryptocurrency bitcoin as a solution. Dotcom claims that pressure from Visa and MasterCard led Paypal to take the decision to cancelling its relationship with the company after they were put under pressure from the film and music industry and the US government. Mega is a cloud storage company launched at the beginning of 2013 in New Zealand by Dotcom, the internet entrepreneur who previously ran MegaUpload before it was seized by the US authorities for hosting content which breached copyright. Since launch, Mega says it has registered more than 15 million customers and currently hosts more than 4 million files, 99.7% of which are smaller than 20MB. Announcing the decision by Pay...

Full article: http://www.ibtimes.co.uk/kim-dotcoms-mega-could-use-bitco...

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