Paypal ventures into the cryptocoins market


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Paypal takes time trying to avoid entering the world of the cryptocoins keeping firm in keeping in the market of Fiat coins, having as patron the dollar. These days the platform registered a patent in the U.S. trademark and Patent Office (accelerated transaction system with virtual currencies), this tool seeks to expedite the confirmation of transactions with Cryptocoins.

The application works by means of a protocol that allows to create secondary portfolios, with its own private key, that would be associated with the main portfolio of the parts. This will allow each secondary portfolio to be set up with a fixed amount of coins that when sending the payment to the vendor, one of the secondary roads will be selected. At the time of the transaction, the exchange value will be fixed between the cryptocoin to be exchanged and the fiat currency to determine the amount needed to be transferred. The duration of the transaction will be about 10 min that will be the result of the confirmation of the transactions necessary to make the payment.

Although this does not mean that PayPal is adopting the Cryptocoins on their platform, although this represents being leaps and bounds for their acceptance.
There is also a gap about whether to renew PayPal's fraud policies as any buyer may object that he did not receive the product and must be reimbursed for the money he transferred. Making it evident a restructuring of them.

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