PayPal Skips Bitcoin While ‘Clearly Working on Blockchain and Cryptocurrency’

By CCN.com: Online financial services firm PayPal believes it is too early to pronounce Bitcoin as the future of payments. Nevertheless, the $128 billion financial services firm is pursuing blockchain and cryptocurrency projects, Yahoo Finance reports. Paypal Doesn’t Want to Miss out on Blockchain and Crypto Revolution According to John Rainey, PayPal’s chief financial officer, cryptocurrencies and blockchain technology could be disruptive and the financial services firm doesn’t want to miss out: We have teams clearly working on blockchain and cryptocurrency as well, and we want to take part in that in whatever form that takes in the future —

The post PayPal Skips Bitcoin While ‘Clearly Working on Blockchain and Cryptocurrency’ appeared first on CCN

Source: https://www.ccn.com/paypal-skips-bitcoin-while-clearly-working-on-blockchain-and-cryptocurrency

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