PayPal’s New ‘Digital Wallet’ May Accept Bitcoin

Thursday, February 20, 2014

In the past several weeks, reports have surfaced that indicate that the two companies view bitcoin platforms as potential competitors. According to one report released earlier this month, eBay thinks the digital currency is a threat to PayPal.

In addition, the web auction firm thinks providers of digital wallets, payment card processors, Amazon payments, providers of mobile payment services, card readers for mobile devices and omni-channel POS (point of sale) solutions are threats as well as significant challengers to the company’s business model.

Source: Personal Finance Hub (link opens in a new window)

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bitcoin, digital currency, digital payments, financial innovation