Paypal president says they are considering bitcoin...

[Bitcoin Oz]

http://thenextweb.com/insider/2013/04/24/paypal-president-is-fascinated-by-bitcoin-says-company-is-thinking-about-including-the-virtual-currency/?utm_source=dlvr.it&utm_medium=twitter

Im in two minds about this.

[Technomage]

Well, it's huge news, even though they're just considering. Based on the video the president of PayPal is genuinely interested in Bitcoin.

It would be a very smart move from eBay and PayPal. Bitcoin is NOT a PayPal competitor, it's a USD/EUR competitor. By not accepting bitcoins, all they would do is create a competitor that they don't need to have.

[Bitcoin Oz]

Well, it's huge news, even though they're just considering. Based on the video the president of PayPal is genuinely interested in Bitcoin.

It would be a very smart move from eBay and PayPal. Bitcoin is NOT a PayPal competitor, it's a USD/EUR competitor. By not accepting bitcoins, all they would do is create a competitor that they don't need to have.

Bitcoin is actually what Peter Thiel probably envisaged paypal would be. Would be funny if he is satoshi....

[matthewh3]

Yeah I've read Western Union and MoneyGram are looking at trying to adopt bitcoin soon also.  Maybe running a fiat exchange with such tight banking laws as in the UK and US could only be done by major international corporations and not small outfits.  As currently there is no exchanges in the UK any more and with US ones being shut down.  They could corner the market for buying/selling bitcoins centrally.  The sizes of these companies means they have very large legal departments and fight there way through all the proceeder's.  If anyone of those three companies moved into buy and selling bitcoin internationally this could be what makes bitcoin enter the mainstream.  Plus with the high fees they charge it would help bitcoin in OTC buying and selling market.   

[pekv2]

It would be a very smart move from eBay and PayPal. Bitcoin is NOT a PayPal competitor, it's a USD/EUR competitor. By not accepting bitcoins, all they would do is create a competitor that they don't need to have.

Smart move on authorized computer hardware stores as well. The likes of newegg, tigerdirect and microcenters.

[cdog]

Bitcoin makes paypal/WU etc etc etc obsolete because its a currency AND a payment system ALL IN ONE without any of the bullshit.

There is already a thread on this, maybe mods can merge them...

[tysat]

There's another topic going with more discussion already, see https://bitcointalk.org/index.php?topic=186349.0

Locking this topic