From CCN |

PayPal’s Senior Director of Corporate Strategy, Scott Ellison, explained in an announcement yesterday:

“PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different. That’s why we’re proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop.”

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The partnership announcement is huge for users of other cryptocurrencies, specifically Litecoin and Dogecoin, because it closes the social gap between Bitcoin and the rest of the alternatives. It wouldn’t be farfetched to say that Litecoin is now, without a doubt, the current number two in social perception. It also wouldn’t be crazy or silly to claim Dogecoin as number three, moving into a bit more serious area of existence. Read more @ CCN

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