Paypal filed an application for an "Expedited Virtual Currency Transaction System" published on March 1 by the U.S. Patent and Trademark Office.
The company is attempting to increase the speed of crypto payments via buyers and sellers using private keys between the merchant and the consumer directly.
Peter Thiel, a co-founder for PayPal is heavily invested in Bitcoin called Founders Fund which happens to be a venture capital firm that he also co-founded.
Source: https://www.coindesk.com › Business News › Use Cases & Verticals
Thank you for your upvotes and resteems @senseicat
My gut is even more so they're using this to try to target the international money transfer money (e.g., people sending money back from the U.S. to Mexico, India, SE Asia, etc.). Pretty big opportunity for Paypal and good move in the right direction for blockchain!
Big steps have to be made in order to make Crypto a world currency !
Lets wait for amazon reaction... This will definitly be the next step to big rise..
Most excellent @senseicat...
That is great for cryptocurrency. PayPal, on the other hand, really needs everything it can do to stay in business. This a step in the right direction for PayPal.
Very good information and helpful i resteem yes ...
@senseicat
Thank you and I appreciate the resteem
Equally, I'm glad you like it @senseicat
This is awesome news for the crypto space.
We need more company's like this using crypto as the forum of digital cash
Great post!!
Let’s hope amazon brings back CryptoCurrency as form of payment. That will speed things up for mainstream integration.
ready a good post boss and give us a reference to the junior generation ...... thank you
.......... best regards steemians ...........
The company is attempting to increase the speed of crypto payments via buyers and sellers using private keys between the merchant and the consumer directly. so i think good going on. lets see of their next step.
It is awesome to see crypto and block chain being integrated into the mainstream.
yes you are right.
This is very informative @senseicat, crypto currency is attracting more investor and more application for widraw system.
I know very well that the time would come when organizations will start trading with crypto currencies
your post is pretty.like cantuk me once
Amazing youre post @senseicat. Thanks for youre upvote. Greating from indonesian.
I like your post
wow,, nice post,,
and what is true?
Posts that attract friends hopefully can run successfully ..
Very good topic of great my great interest, blessings
O.M.G. This is GREAT news!!!!!
This is very cool. Thanks for posting this.
I do want to note that Peter Thiel sold most (if not all) of his PayPal shares almost a decade ago. He is one of the largest investors in Facebook, and despite how deeply involved he is with crypto, we see how FB feels about crypto!
(In case anyone doesn't know, they forbid crypto advertising now, unless you're really slick about it and they don't realize you're promoting anything crypto related.)
I don't know what influence he has on the current primary shareholders at PayPal. He may. But just want to clarify what is often a misconception about Thiel's current relationship to PayPal.
I love PayPal this would be huge what an amazing time to be alive.
Surely he believes that this is a promising business, so take the right steps to invest.
Thanks @senseicat have sharing interesting information.