Bitcoin will become popular payment method says PayPal Exec

BitCoin will become popular payment method says PayPal’s CFO, John Rainey. He spoke positively about BitCoin‘s use as a future popular payment option. The information is from the

Example of Bitcoin will become popular payment method says PayPal Exec Logo

interview with The Wall Street Journal on 19.02.2018.

 

Bitcoin will become popular payment method

 

Example of Bitcoin will become popular payment method says PayPal Exec 1

In the Crypto Factor section, Rainey said that PayPal was one of the first companies that accepted BitCoin on their Braintree platform in 2015. He adds however that as BitCoin is very volatile at the moment it is not a reliable currency. For Merchants it is quite dangerous to sell something for a bitcoin. For Example if the BTC value drops 15% next day after the sale, the profits are ruined.

Rainey‘s answer to can Crypto ever become a popular payment method, was yes, it is very likely. Rainey also thinks the Technology has some beneficial features but it needs to mature a bit before it can be used as a effective payment method.

 

Example of Bitcoin will become popular payment method says PayPal Exec

PayPal’s co-founder Max Levchin thinks BlockChain Technology is revolutionary but he is not yet sure about BitCoin.

A CryptoCurrency Exchange and wallet platform Coinbase added David Marcus a former PayPal executive to its board of directors last year.

 

So whether BitCoin will become popular payment method or not is yet to be seen.

 

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01.03.2018 – EqEST

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