Re: PayPal could benefit greatly from providing a wallet service

Quote from: LostDutchman on May 18, 2014, 12:11:03 PM

Quote from: Mikerogers on May 17, 2014, 10:55:08 PM

They could make cash from the fluctuations in Bitcoin's price, as opposed to transaction fees. This would force them to create an exchange and act as a wallet. This would not only help PayPal business wise, but it would help the people who are interested in Bitcoin get involved that aren't too sure about about digital currencies. If they don't do it, they'll be out of business from someone that will.

Exchange/Wallet combination idea comes from http://www.panture.com/why-paypal-should-integrate-a-wallet-service-for-bitcoin/

You would trust Paypal?

I have a few hundred dollars on my PayPal account at all times, so sure. I mostly use it for buying though, so I'm aware that they don't treat their sellers too well. (I know how people charge back with virtual currencies and PayPal always backs up the buyer) Hopefully they will fix this policy and advance. Do I think the board members of eBay are smart enough to do this? Maybe. I would give it some time though as the only person on that board with a little bit knowledge about Bitcoin is Marc Andreesen.