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RE: PayPal Files Patent For "Virtual Currency Transaction System"

in #paypal7 years ago

PayPal had no choice with the rate at which payment services are changing which was bringing them out of business. Cryptocurrency was becoming a huge threat for the future of PayPal.
But for now am glad they have come up with a system boosting the speed of it's cryptocurrency payment services.. and they have gone far with this transition by detailing a method by which the private keys are swapped from a buyer to the seller.
This will put stop to the frustrating time of waiting for a transaction one has sent to be included in the next block of the network; thus lessening the amount of time it takes for payments to go between a consumer and a trader.