Northey Point Limited

Grab a coffee and read Dave Birch’s latest Forbes article – PayPal’s Bitcoin Strategy Is Not About Bitcoin

Given that the people who are great supporters of Bitcoin often talk about its key characteristic being that it is person-to-person, uncensorable value transfer you do have to wonder who will be using the new PayPal service that will allow them to pay merchants using the cryptocurrency. My guess, and it is only a guess, is that the answer will be approximately nobody. This is because, broadly speaking, nobody does now.

Longer read: PayPal’s Bitcoin Strategy Is Not About Bitcoin.