Wednesday, September 10, 2014

Paypal to integrate Bitcoin into its global payment system

Contrary to the predictions of many mainstream financiers, the staying power of Bitcoin has lasted much longer than Wall Street estimated when it first started as a rebellious fad, and then grew after the economic collapses in countries like Greece and Cyprus.  And while certain retailers like Target and Overstock have opened their stores to accepting Bitcoin through third party exchanges, the virtual currency hit the jackpot on Sept. 8 as Paypal now plans to integrate Bitcoin into their global payment system.

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