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Re: Help me set the negative trust record!
by
Anders
on 16/08/2014, 09:07:46 UTC
Trust is useful for companies and organizations. Trust in individuals is much more shaky. Anyone can suddenly "spend" their trust in a massive scam, or go bonkers. That's true for companies too. Just look at MtGox. Still, a company like PayPal has enough trust, and if they would accept bitcoin transactions then that would be a major boost for cryptocurrencies.

Indeed. I think it would be exciting great if paypal accepted bitcoin, and i had heard that they were looking at implementing it in one of their subsidiaries on a trial basis.

Could happen. Here is a recent article:

"EBay Payments Unit in Talks to Accept Bitcoin

Consumers may soon be able to pay for their Airbnb rentals or Uber car rides using bitcoin.

EBay Inc. has been quietly working to integrate acceptance of the virtual currency into its Braintree payments subsidiary, part of its PayPal unit, according to people familiar with the matter.

Those people said PayPal officials have meet in recent weeks with several companies that facilitate bitcoin transactions, including Coinbase Inc. PayPal has yet to reach any agreements, the people said. The timing of when Braintree would accept bitcoin is dependent in part on such a deal.

Braintree provides software for payments processing to many online and mobile companies like Uber and Airbnb.

EBay and PayPal wouldn't initially accept bitcoin, the people familiar with the matter said, but that could change over time. EBay Chief Executive John Donahoe told The Wall Street Journal last year that he was considering ways to use bitcoin.

A deal would provide a boost to bitcoin, a virtual currency that backers believe can someday displace cash or credit cards in many transactions." -- Full story: http://online.wsj.com/articles/ebay-payment-unit-in-talks-to-accept-bitcoin-1408052917