Two Visions for World Currency, Compared

Image for post
Image for post
Paypal Operating Countries, 2019
Image for post
Image for post
From Statista’s Global Consumer Survey
Image for post
Image for post
UsefulTulips.org, Bitcoin/Pakistani rupee trading volume

Could Paypal compete with Bitcoin?

Paypal’s current CEO, Dan Schulman, recently indicated his belief that Bitcoin’s innovation is not a competitor to Paypal’s digital payments, by saying: “Until it becomes less volatile, it won’t be a currency that is widely accepted by merchants on the web.” As further proof that Paypal does not believe Bitcoin is a competitive threat, Dan even declares that he currently owns Bitcoin. Peter Thiel, co-founder of Paypal, likens Bitcoin to “digital gold” instead, as it is too cumbersome for use for digital payments.

Written by

Charting the digital sea — Capitalism, data, and democracy.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store