http://dcebrief.com/taiwan-could-be-seeing-a-digital-currency-boom/
This article makes me question whether it would be possible for PayPal to accept digital currency? What would the pros and cons be? I can immediately knowledge that one downfall would be the involvement of a third party, and fees for those transactions. The positive thing would be that by accepting Bitcoin and DNotes, PayPal would encourage consumers to accept digital currency as a real currency.
This article makes me question whether it would be possible for PayPal to accept digital currency? What would the pros and cons be? I can immediately knowledge that one downfall would be the involvement of a third party, and fees for those transactions. The positive thing would be that by accepting Bitcoin and DNotes, PayPal would encourage consumers to accept digital currency as a real currency.
It's absolutely possible for PayPal to accept digital currency, every vendor or money services company has all the tools needed to do so. PayPal would likely charge fees, but it would be up to the user whether they want the ease of use PayPal might provide or feel comfortable managing their own digital wallet. However, if PayPal does accept digital currency, and doesn't compete by lowering fees for digital currency transactions and making it easier to use, other companies will jump at the chance to acquire those customers PayPal would lose.
I appreciate that DNotes doesn't take an adversarial approach to big business. Most of the world will prefer the easiest options, even if it does cost some fee. They need crypto to stay in the game and relevant, and crypto needs them to reach the masses.
Thanks, Bergman. That is the correct observation. We are committed to being respectful to everyone. That may be one of the trade secrets why DNotes and its communities have been able to accomplish so much in such a short period of time. We are very focused in problem solving and "mind our own business", avoiding the destructive consequences of dramas that have ruined so many other cryptocurrencies.
Paypal, banks, debit and credit card companies are here to stay for a long time. They will be the gateways and conduits in many of our future financial services. We will compete fiercely based on our strengths in certain areas but must cooperate where we can find common grounds and mutual benefits in other areas. Constructive business philosophy is important to business success. We are sincerely committed to represent our industry in the best of light, helping to build much need trust and respect. What is good for our industry will be good for everyone. There has never been a better opportunity for common people with little means to join force in working together for the better good of mankind.
Bergman - I did not think about the fact that companies like PayPal need crypto to stay relevant. What an eye-opening statement
Kris, Bitcoin, DNotes or digital currency in general, and the Blockchain technology collectively will be causing a paradigm shift of seismic proportion that will be difficult to ignore.
Free market forces always weed out those who are too slow to response and adapt. The Internet technology revolution should an eye-opener for those who are not so sure what a disruptive technology could do. I trust that Paypal is well aware of that. Like many major banks, they will not just stay on the sideline and watch. They will participate in ways that serve their interest best.