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Cybercurrency publications have been excitedly reporting this week that major e-cash processing giant PayPal has filed patents on cybercurrency, perhaps indicating that it intends to add such products to its range. Numerous patents have recently been filed by a diversity of companies interested in exploiting the commercial possibilities of cryptocurrency. In its filing with the …
It looks as if the online payment processing giant PayPal is about to incorporate cyber currencies into its system; the company has reportedly lodged a patent application with the U.S. Patent and Trademark Office that includes a lengthy description of how it manages virtual currencies, specifically naming bitcoin, Litecoin and Dogecoin. The application’s abstract describes …
PayPal US has updated its user agreement effective June 25, 2016 saying it will no longer offer purchase protection on payments made to crowdfunding websites, gambling or gambling websites, gift cards or government agencies. PayPal’s purchase protection facility currently provides customers with a safety net if a purchased item does not arrive or if on …
Our readers will recall the very firm refusal by British ISP companies to cooperate in any attempt by the government to impose blocks on unlicensed internet gambling sites when its new point-of-consumption laws come into force at the end of the year. It appears from reports this week that the country’s financial institutions have no …