Hacker News new | past | comments | ask | show | jobs | submit login

Getting something that costed you X% to 0% is not always prefferable. Even if you're a business.

Sometimes you go for what most of your customers already know or want, or you go for whats easier and handier, or you go for what is a known quantity and wont have legal or other problems down the line, you go for what's less volatile, etc etc.

The only reason a big company like PayPal would ever use something like Bitcoin as it is today, is not to "take advantage of what it offers", but as a "early adopter marketing ploy", to get some tons of free press and publicity (while still relegating it safely to 1/10000 of their actual businesses).




Completely agree that any involvement in BTC at the moment would be "early adopter marketing" & on some of the other concerns established businesses could have with fundamental shifts in their industry.

I don't think PayPal would go out of their way to push BTC. They're almost certainly taking a "wait and see" approach. The primary thing I unsuccessfully was trying to get across was that PayPal probably does not particularly fear or seek to undermine Bitcoin. It's likely to be upside for them.


Why couldn't they offer BTC as a funding method alongside whatever they currently have? It doesn't have to be exclusive.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: