Why the news about PayPal is nonsense and not even news
It all started tonight, when the user on Reddit under the bitking74 nickname somehow entered the SEC website, where he found an application for the placement of eBay Inc. and still owned by her PayPal, which includes a detailed description of both companies and the appeal of their management, which saw the word "bitcoin", and hurried to share the find with other users of the site.
As it was known back in September, the PayPal payment company Braintree allowed its customers to easily and officially start taking bitcoin for digital goods, thanks to a partnership with three bitcoins. In addition to bitcoin, Braintree works with a number of payment systems, which is mentioned in the description of PayPal's activity in the application. Actually, that's all. Nothing has happened and has not changed since September, when this news really gave a great information guide, the word "bitcoin" only once met in the list of payment services with which Braintree works.
Nevertheless, the r / Bitcoin branch from time to time is the primary source of news for the bitcoin community, and a number of journalists, including those with a huge attendance such as CryptoCoinsNews, began to write in the pursuit of the sensation with the note "BREAKING NEWS" that almost not eBay itself already accepts for payment bitcoin, without bothering to even delve into what, in fact, is the essence.
Despite the words "PayPal", "eBay" and "bitcoin" in one context, the information even minimally failed to prove itself as an information guide for speculative traders. On the contrary, the rate of bitcoin per day sank by about $ 5. Even the most ardent fans of bitcoin with Reddit, quickly figuring out that no sensation had happened, began to play a trick on the author of the topic.
The native remains for the time being. Be careful.