Russians embrace Bitcoins, the West sticks with PayPal

One day, as you’re busy surfing on one of your favorite online stores, you stumble upon a pair of chic shades … they’re the very ones you’ve been looking for, for quite some time. And that’s not it. Best of all, they are really cheap. So you add the sunglasses to your shopping cart, proceed […]

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Bitcoin Tops PayPal For First Time in Total Transactions

Yesterday represented a milestone for the Bitcoin network which recorded over $416 million in transactions. It was the first time Bitcoin topped PayPal in the dollar amount of daily transactions. However, one transaction alone in Bitcoin was valued over $145 million. Of course, these levels are not achievable on PayPal which is part of why […]

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EBay and PayPal considering accepting bitcoin as payment

Ebay is now considering allowing customers to use bitcoin for payment for both eBay and PayPal, sources inside the company told CNBC. The company hasn’t yet made a decision, and is waiting for the regulatory framework to become clearer before it makes a final call, the sources told CNBC. Next month, eBay US and eBay […]

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PayPal Believes in Bitcoin

PayPal president David Marcus is trying to make nice with bitcoin, the digital currency that could ultimately become a big competitor to his company’s massively popular online payments service. Today, on Twitter, he said the folks at PayPal are in fact “believers” in bitcoin and that the company supports the sale of bitcoin mining rigs, […]

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