Just in case anybody in this thread have not heard about the latest news on Bitcoin adoption by PayPal, here is the Bloomberg article outlining this:
http://www.bloomberg.com/news/2014-09-08/ebay-s-paypal-unit-to-start-accepting-bitcoin-payments.htmlIt is almost hard to believe that from a rival and a strong opponent of Bitcoin, PayPal themselves became the adopt.
What it basically means in simpler terms is that merchants and their customers who are using PayPal (152 million registered accounts !!!) will now be able to seamlessly transact via Bitcoin. Considering that Ebay/PayPal is
the world's biggest marketplace, this is a huge positive news for Bitcoin innovation to which however market has not yet reacted.
It does looks like the price is now stabilizing at the current levels (we are no longer bouncing off those 1K+ BTC walls), so I really think we are on the verge of some very interesting times for Bitcoin.
I am glad that this happened. But you're probably aware that alternative Bitcoin processors emerged (BitPay), so I assume, the competition forced them into such actions.