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RE: The Looming Existential Crisis for PayPal

in #paypal6 years ago

The blockchain has the capability to upset so many tech industries in the future and return much of the 'power' back to the users. Paypal is one of many companies that may become obsolete when/if crypto is adopted on a large scale. Personally, I want to see social media giants go first and return our 'data' to us (which is why I love steemit). #steemitforever!

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I can't wait for that! Oh yea!

These companies are doing emense research on the blockchain technology. With their already massive capital, they can easily transit their system or build a blockchain like system. Keep in mind that JP Morgan and some other big banks have designed the hyperledger CORDA (Consortium R3) which they will use to settle debts and other important bank to bank settlements.

What will have in the future is more competition, which is good for business and favorable for customers.