Here it is!
PayPal's Director of Merchant Services, Bill Zielke, reports that 46 per cent of online consumers have used online payments such as PayPal within the last year, and the trend is definitely upwards. According to Juniper research, the mobile payments market will reach $670 billion (£420 billion) by 2015.
Aside from the chargeback issue, PayPal had no choice but to alienate Bitcoin. No way did they want to bring attention to merchants that there's a zero percent fee option oppose to their three percent grab feast.
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