In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
I have to wonder what happens to PayPal’s Venmo if Cash App rolls out a cryptocurrency that is fast, scalable, and easy to use? Fortunately, for PayPal, today’s cryptocurrencies are slow, cumbersome, and hard to use.
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PayPal sees a bright future for P2P and is betting big on the technology. The company acquired the Canadian cloud-based payment processor TIO Networks for $233 million in February, a press release indicates.
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