Seventy-two percent of US online shoppers have a PayPal account ( 72% ) Read more: ITproPortal.comPayPal has announced support for bitcoin, allowing merchants to accept the cryptocurrecy as payment for online goods. by Barclay Ballard __________________________________________________________
Read more:Jose Pagliery @Jose_Pagliery September 26, 2014: 6:15 PM ET This week, the payment processing company PayPal took its first venture into the world of all-digital money. In the last year, eBay’s two top executives — CEO John Donahoe and former president David Marcus — have expressed interest in Bitcoin’s technology. Related: Here’s why Bitcoin matters PayPal’s senior director of corporate strategy, Scott Ellison, told CNNMoney the company is most intrigued by the potential to harness the technology that lies at the heart of the Bitcoin system, a public ledger called a blockchain. It’s a totally new way of thinking about transactions. It keeps records that are decentralized and keeps users semi-anonymous while making their transactions public. “We think Bitcoin has tremendous opportunities going forward,” Ellison said. “If you really want to understand how a technology works, you need to actually be in that technological space yourself.” Ellison said the move integrating Bitcoin into PayPal is a continuation of the company’s view of itself as “the original payment disruptors.” Jose Pagliery is the author of Bitcoin – And the Future of Money (Triumph Books, Chicago). _____________________________________________________________________________________________ BitCoin has made it to the digital race on a global platform boundless.
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