Quote from: Hueristic on Today at 02:46:55 PM

Quote from: cAPSLOCK on Today at 02:09:06 PM

Quote from: bitebits on Today at 05:54:27 AM

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

This is interesting. This is likely very positive. I do not *think* they would be doing this if they were not bought into the ecosystem philosophically. In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely. But it seems they must recognize Bitcoin as having unique intrinsic value. Obviously they are also thinking other "crypto" may as well. But so be it. (I mean who am I, a Monero holder to judge? Wink

)

The only way this could be bad is if they were buying the other businesses to kill them. But that does not make any sense. They are picking the wrong ones, and there are too many for that strategy to work.

I think whoever is making the decisions at PP has a pretty good view of what the inevitabilities are. They are wrong about BCash, but aint nobody perfect. Wink

Quote

PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added.

So they don't want people to know that they are trying to sell peoples keys?

What do they think, those clients will have an issue with PP owning them?

Hmm that seems kind of dystopic.

My first thought was they are trying to establish their own solution for custody.