CFO of PayPal: Bitcoin entrepreneurs are not interesting because of volatility

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2018-05-17 20:30:05

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CFO of PayPal: Bitcoin entrepreneurs are not interesting because of volatility

In late April, co-founder of PayPal, bill Harris that Bitcoin is the biggest fraud in the history of mankind. The main drawback of the first cryptocurrency, the top Manager called it futility as a means of payment. With it partly agree PayPal CFO John Rainey. According to him, while the payment system is not interested in bitcoin as means of payment because of the high volatility of the coins. About it writes .

the

What will happen to Bitcoin the opinion of the CFO PayPal

as an example, Rainey led PayPal. Currently the payment system does not work with Bitcoin because the value of a coin can change dramatically. This situation can lead to loss of money and confidence in the company, he says.

If you are an entrepreneur, take 10 percent from the transaction and accept Bitcoin, that is a risk that tomorrow the exchange rate of the coins may fall by 15 percent and you lose your profit.

While the exchange rate of Bitcoin and other coins are not stabiliziruemost, they are not widely used, said Rainey.

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