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Topic: Now PayPal is getting a patent on Bitcoin stuff - page 3. (Read 2097 times)

legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
it's only a matter of time. Paypal will accept bitcoin sooner or later.
Hope that stop with topics like "Bitcoin vs Paypal".

Yep, looks like it's inevitable now and that's a great news. I think Bitcoin will rise dramatically if that will happen. And I hope with all my heart that it's really only a matter of time.
sr. member
Activity: 350
Merit: 250
it's only a matter of time. Paypal will accept bitcoin sooner or later.
Hope that stop with topics like "Bitcoin vs Paypal".
legendary
Activity: 1358
Merit: 1014
Yes it says Paypal INC... interesting. It says the following:

Quote
1. A virtual currency wallet system, comprising: a card that includes a virtual currency wallet; a non-transitory memory including instructions to provide a virtual machine that is configured to provide access to the virtual currency wallet; and one or more hardware processors that are coupled to the card and the non-transitory memory, wherein the one or more hardware processors are configured to read instructions from the non-transitory memory to cause the system to perform operations comprising: receiving a request to access the virtual currency wallet provided on the card and, in response, providing the virtual machine to present a first security layer, providing access to the card to present a second security layer in response to an authentication of the first security layer, and providing access to the virtual currency wallet to present a third security layer in response to an authentication of the second security layer; and enabling the transmission of virtual currency from the virtual currency wallet in response to the authentication of the first security layer, the second security layer, and the third security layer.

So im wondering... are they going to add Bitcoin support ? What is this supposed to mean? I just can't never make sense of stuff that has to do with law like big contracts, and stuff like this as well, which use all this formal jargon. Can someone translate this into layman words?

It seems to me that they are just going to build a way to hold Bitcoins on the Paypal interface.
legendary
Activity: 1414
Merit: 1002
= jasad =
You can use this handy tool to keep an eye on new Bitcoin related patent applications.

New Bitcoin Related Patent Applications

For example, #2 on today's list is a PayPal patent application for a Bitcoin related invention.  Looks like the big boys are getting involved.  
good news,lets hope this really happen and that big boy getting ready to accept,join or adopt bitcoin technology,so far paypal feel that bitcoin as their big competitor,its why paypal should make decision to get stronger in payment industry.
full member
Activity: 399
Merit: 105
You can use this handy tool to keep an eye on new Bitcoin related patent applications.

New Bitcoin Related Patent Applications

For example, #2 on today's list is a PayPal patent application for a Bitcoin related invention.  Looks like the big boys are getting involved.  
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