PAYPAL OPENS UP BITCOIN EXCHANGE! - MY DREAM COME TRUE...then I woke up.

I woke up this morning to the unfortunate reality that it's still just a dream. But I think Steemians and other crypto users can help push this desire from the dream world into the real world.

My website business uses PayPal to process all its transactions. I've had accounts with PayPal for well over a decade. I have been using Bitcoin since 2012 when I made my first purchase. Obviously I wish I would have bought more. Since then and even more recently, Bitcoin has made remarkable strides into mass adoption. Japan, Australia and now Russia are making Bitcoin a more recognizable and accepted currency. Businesses all over the internet are accepting Bitcoin for goods and services.

What these businesses, countries and their leaders are doing is adapting to change and embracing it. The western side of the globe is more fearful of change and tends to fight to keep their understanding of the world in place. Who am I? A nobody and these are all just my opinions and interpretations of what I'm seeing take place in the world around me. But my impression is that the grey hairs of western civilization, the leadership behind the financial and political institutions are so caught up in the ways they know to be normal, they are going to have a hard time dealing with change.

Peter Thiel - Founder of PayPal

Peter is a giant in the world of Tech. He is well liked across broad spectrums of the industry. He's a political libertarian who supported Ron Paul so right there that tells you he likes to think outside of societal norms. He's open to change and his actions of founding PayPal contributed to one of the biggest changes in banking the world had ever seen. Peter is a huge prospect to bringing about the mass adoption of bitcoin and crypto currencies in the US.

Dan Schulman - CEO of PayPal

A Tech Titan in his own right, Dan started his career at AT&T in his 20's. He eventually moved to sit as the CEO of Priceline.com and then to PayPal and has enjoyed many successes in business along the way. He's well thought of in the tech industry as an innovator. What's most promising for us, is his quote to the New York Times:

"I was born with social activism in my DNA".

There is no bigger opportunity for social activism right now other than the adoption of crypto currency. Bringing Bitcoin adoption into the PayPal world would indeed change the landscape of the banking industry forever.

PayPal Could Be Moving To Accept Cryptos

What indications do we have that PayPal could be moving in this direction? On its website, PayPal has a Public Policy section that deals with Issues in Government Relations. Near the top of the list you find "Blockchain" as a main issue! Within that document you see this quote:

"PayPal teams are creating proofs of concept to learn about and gain experience with blockchain technologies and players to improve our view of the ecosystem and any potential impacts on our business."

This sounds promising that PayPal and its executives recognize the inevitability of the situation we are in. That adoption may have already taken place inside the walls of the PayPal corporate system. But when will we see this move from the inside to the outside?

The PUSHBACK

Long standing financial institutions being the bedrock of the economic industry in this country and in the west in general, are NOT ready to accept this new technology. Their appearance of interest in rising technologies like Ethereum, being useful for the creation of Smart Contracts is not real curiosity, but more akin to a lion circling its unsuspecting prey before it leaps and strangles it with a lion pride of regulators and political legislation meant to suck the life out and render this new technology helpless.

The banking industry is a cartel that nobody crosses or impedes on it's territory. Hundreds of years of history prove this to be true.

Grab Some Popcorn And Enjoy The Show

So with all the acceptance of Bitcoin going on in Japan, Russia and other nations around the globe officially recognizing blockchain technology, the pressure is on. Thiel and Schulman want to remain on the cutting edge. But the stalwarts of western banks are probably spelling out in no uncertain terms that this needs to be left alone until we can get our paid political whores in Washington to come to grips with what they are dealing with.

If PayPal ever decided to just go ahead with adoption and bring about an Alt-Coin type exchange within its website, it would be akin to letting the cat out of the bag with very little hope of ever getting it back in and under control.

PayPal CEO Dan Schulman, claims to have social activism in his DNA. Only time will tell if that is true. With so many people using Paypal today, this move could change banking in the western world forever!