Tuesday, December 10, 2013

Can Bitcoin be the Future in the way we Purchase Products

Bitcoin has more potential to revolutionize commerce than near-field communication (NFC) technology does according to PayPal president David Marcus said at the LeWeb conference in Paris today. Marcus mentioned he is a big fan of bitcoin and has a personal stash of the digital currency, but said the majority of people don’t currently understand what bitcoins actually are “People are confused. They think because it’s called cryptocurrency it’s a currency. I don’t think it is a currency. It’s a store of value, a distributed ledger,” he said. Marcus is paying close attention to payment changes as part of his effort to re-energize an eBay service that grew sluggish and complacent after the early dot-com years. He's trying to foster innovation at the company and cater to developers, particularly those at start-ups.

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