PayPal is not sure about bitcoin
Published On : 2019-05-11 13:37:29
At Airdrop Alert, we've been reporting on bigger companies exploring blockchain. Today we look at Paypal, who's CFO did an interview with Yahoo finance.
"PayPal isn’t yet entirely sold on bitcoin being the future of payments"
“We have teams clearly working on blockchain and cryptocurrency as well, and we want to take part in that in whatever form that takes in the future — I just think it’s a little early on right now,” according to Rainey.
With the BTC price moving back up, we see the interest of established companies growing again. Facebook already announced they changed their crypto advertisement policy and there are speculations on a Facebook coin. On the contrary, Wechat reported they will restrict cryptocurrency transactions for merchants.
PayPal stays conservative on fintech solutions and is a competitor to digital coins. If only one of the original co-founders Elon Musk would have stayed on board, as he has recently shown to be more crypto friendly. He actually stated in a podcast that "bitcoin is quite brilliant"
Arguably, Paypal was one of the first companies doing an airdrop. Although in those days it wasn't called airdrops just yet. To acquire users, they have away $10 if you created a new account and you could earn more by referring friends.
Doesn't that remind you of airdrops? It sure sounds like it to us.
Have a look at our latest airdrops to start collecting free coins.