PayPal, Bitcoin, and the future of digital currency adoption

paypal bitcoin

PayPal announced several partnerships, recently, aimed towards enabling certain PayPal merchants to be able to accept bitcoin as a form of payment from their customers. This was a significant announcement on multiple fronts as many had wondered if and what PayPal’s foray into the cryptocurrency space would be.

 

 

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The Future of Cryptocurrency

 Matt Bernier at the DaVinci Institute’s “Night with a Futurist” talking about the future of cryptocurrencies

The first cryptocurrency, Bitcoin, was created in 2009 by a mysterious developer using the pseudo-name Satoshi Nakamoto. In 2010, the secretive Satoshi handed the reigns of Bitcoin over to Gavin Andresen, a like-minded developer who now manages the operation along with a team of five senior developers.

Less than a third of the original Satoshi code still exists. The rest has been rewritten by Gavin and his team to plug security holes, improve usability, and make it operationally more efficient. Andresen is the one who conceived of the nonprofit Bitcoin Foundation—established in 2013—which is the closest thing to a central authority in the world of Bitcoin.

While we hear a lot about Bitcoin there are many other cryptocurrencies entering the startup arena.

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Will Bitcoin become a policy issue for the U.S. Congress?

congress

Digital currency may soon become an issue that could unite US politicians.

Recent US Congresses have been some of the least productive in the country’s history, and the 113th Congress has been no different. The sheer number of policy-related issues tabled since January 2013 has put the current Congress on pace to become the least productive in the nation’s history, rivaling the 112th Congress in how few laws it could ultimately pass.

 

 

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MIT researchers can predict the price of Bitcoin

bitcoin

Do you want to know when to sell Bitcoin?

A researcher at MIT has come up with a way to use machine learning to predict the price of the Bitcoin virtual currency. With his system, you could figure out when to sell the remaining Bitcoins you have in order to minimize your loss or maximize your gain. Or you could find out the right time to buy.

 

 

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Bitcoin isn’t just for anarchists and libertarians anymore

Bitcoin

Consumers are embracing the digital currency even though the value of Bitcoin has fallen 55% against the dollar.

Earlier this year Mary Fons joined the Bitcoin economy. She uses the digital currency to buy gift cards and office supplies. Her partner reimburses her with Bitcoin for his portion of the rent. Thirty-five year old Fons isn’t a nerd or a self-proclaimed libertarian like many of the currency’s early adopters. She lives in New York and co-hosts the Love of Quilting show on public television. “Why Bitcoin?” she asks. “Because I want to have options. I think it’s a beautiful thing open to everyone.”

 

 

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Micro-payments between connected devices could enable a new layer of the economy

micropayments

Many of us now receive payments as well as make payments.

Ross Dawson: Last week I gave a keynote on The Future of Banking to a group of the most senior risk leaders in a major bank, sharing some provocative ideas on how the banking landscape may change in the years to come.

 

 

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