The Currency Analytics
By Steven Anderson
Before the coming of cryptocurrencies, the go-place for transferring cash used to be PayPal.
John Rainey, CFO stated, that they are Pro-Blockchain and that they are not fully vested with the cryptocurrency.
Rainey opined that if a merchant would accept Bitcoin, they potentially convert a stable currency like the Euro or Dollar.
The CFO of PayPal confirmed that they want to be the part of whichever would be the future. However, PayPal has expressed more inclination towards blockchain than with…
The involvement of PayPal is showing prominent signs of involvement in enterprise blockchain use cases as well as adoption.
Prioritizing or deciding in favor of blockchain over bitcoin is not something new. Several traditional, institutional, and enterprise-based organizations have noted the benefits…
Several concerns related to the bitcoin is related to the maturation of the market. As the market matures, concerns would decrease.
PayPal is working on disrupting technology. Bitcoin is not yet mainstream enough according to PayPal.
PayPal has not done away with cryptocurrency or bitcoin completely; they have been keeping tabs on the cryptocurrencies and watching its fate ever since 2015.
As opposed to Paypal, FaceBook is on a hiring spree, and they are providing for multiple job openings in the blockchain niche.