Bitcoin Price Too Volatile for Merchants, Claims PayPal CFO


The bitcoin price is too volatile to make it a useful payment tool for merchants, PayPal CFO John Rainey claimed in a recent interview. Bitcoin Price Too Volatile for Merchants Rainey made this claim during a recent episode of “Mad Money,” explaining that merchant margins are too thin to make bitcoin a viable payment medium.

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Posted by Matt Jackson on May 17, 2018 @ https://www.ccn.com/bitcoin-price-too-volatile-for-merchants-says-paypal-cfo/

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