Businesses don’t want to bring down the Federal Reserve. Merchants aren't interested in ending the conventional financial system. Retailers aren’t looking to eliminate Visa, MasterCard or PayPal. No, they’re a neutral body and just want to succeed in today’s difficult economy. Over … [Read more...]
PayPal’s new ‘digital wallet’ may accept bitcoin
Is bitcoin (BTC) included in PayPal's proposed 'digital wallet' with 'multiple types of currency'? In the past several weeks, reports have surfaced that indicate that the two companies view bitcoin platforms as potential competitors. According to one report released earlier this … [Read more...]
A bitcoin economy would lead to ‘unrest’: David Yermack, professor of finance
Is bitcoin (BTC) a revolutionary currency on the verge of taking down the financial establishment or is it an electronic payments system that is on the cusp of competing and defeating the likes of Visa and PayPal? That's the debate that is going on right now in Silicon Valley and in … [Read more...]
Banksters (JPMorgan) continue their assault to undermine Bitcoin to no avail
It's understandable: bitcoin could very well be competition to Visa, PayPal and traditional fiat currency. That’s why those on Wall Street and central banking officials have been on the defensive in the past few months when it comes to cryptocurrencies. From Jamie Dimon to Alan … [Read more...]
PayPal Shows Increasing Interest in Apple’s (AAPL) Mobile Payment System
Rumors that Apple Inc. (NASDAQ: AAPL) is planning the release of a mobile payment system for the iPhone in the near future received a powerful shot in the arm today thanks to PayPal's expression of nearly unconditional interest in the project. Reading between the lines of the offer, … [Read more...]
Did David Marcus CEO of PayPal Just Publicly Say PayPal Supports Bitcoin?
David Marcus CEO of PayPal may have just hinted that PayPal is a supporter of bitcoin (BTC). As first reported on reddit you can see David Marcus tweets in the image below that "We're believers in BTC". We already know that David Marcus owns bitcoins "I really like Bitcoin. I … [Read more...]
Yahoo Making Moves with PayPal Co-Founder Max Levchin
Yahoo! Inc. (NASDAQ: YHOO) has definitely been experiencing a transition year this year as many executives are leaving and being replaced. The biggest position change came at the CEO position for the company, when Marissa Mayer took the reigns earlier this year. Additionally, Daniel … [Read more...]
PayPal Considers Downsizing
Unconfirmed news indicates that PayPal will announce that they are cutting their workforce by 3%. Because the plans have not been formally announced, the anonymous individual has indicated that this 3% reduction in the workforce is anticipated to range anywhere from 300 to 400 … [Read more...]
