Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 eBay Views BitPay and Coinbase as Potential PayPal Competitors

Go down 
AuthorMessage
Ponee
Admin
Admin
avatar

Posts : 34752
Join date : 2011-08-09

PostSubject: eBay Views BitPay and Coinbase as Potential PayPal Competitors   Tue Feb 04, 2014 9:44 am


eBay Views BitPay and Coinbase as Potential PayPal Competitors

 
Nermin Hajdarbegovic | Published on February 4, 2014 at 10:58 GMT | BitPay, Coinbase, Companies, News
 
 

 
According to its latest annual regulatory filing, eBay views bitcoin platforms as potential competitors to PayPal.
 
Annual reports filed to the US Securities and Exchange Commission (SEC) rarely make for compelling reading, but the latest report filed by eBay is a bit different.
 
The company’s 10-K is bland, but the section on PayPal might cause some buzz in the bitcoin community. In the report eBay outlines the scope and operation of PayPal, and it goes on to itemize competitive challenges faced by the service.
 
Such challengers include: providers of digital wallets, payment card processors, Amazon payments, providers of mobile payment services and card readers for mobile devices, as well as omni-channel POS (point of sale) solutions.
 
In addition, PayPal faces competition and potential competition for money remitters, bill payment services, issuers of stored value targeted at online payments, providers of online account-based payments, various payment services and digital currencies.
 
Merchant services
 
BitPay and Coinbase are named as examples of “services that help merchants accept and manage digital currencies such as bitcoin.”
 
Of course, this does not necessarily mean that eBay views bitcoin as a serious threat or a disruptor, but it’s no longer under the radar.
 
PayPal is in a different league altogether. It boasts more than a quarter of a billion accounts (including inactive ones) and it supports 26 currencies worldwide.
 

 
 
 
The value of transactions carried out on PayPal easily dwarfs the market cap of bitcoin on its best day.
 
In spite of that, it is easy to see why eBay would list digital currencies as potential competitors. PayPal transaction fees are roughly 2%, but they are somewhat lower for high-volume merchants.
 
The company has taken steps to reduce fees for micropayments, but PayPal defines all transactions of $12 or less as ‘micropayments’. Much smaller transactions (ie less than $1) remain impractical.
 
Digital currencies can offer affordable microypaments, even under the $1 threshold, which could potentially render them attractive for various content providers.
 
A recent report from PricewaterhouseCoopers described paywalls as the “logical first choice” for bitcoin deployment and as similar approach could be used for in-app purchases, online gambling and just about any industry that would benefit from cheap micropayments.
 
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.
 
Image Credit: Janitors / Flickr
 
http://www.coindesk.com/ebay-views-bitpay-coinbase-potential-paypal-competitors/

*****************
Back to top Go down
View user profile
 
eBay Views BitPay and Coinbase as Potential PayPal Competitors
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: OTHER INVESTMENTS :: BitCoins-
Jump to: