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Paypal to Incorporate Cyber Currencies

Payment processing giant has filed a patent application for a modular payment device that accepts bitcoin and other digital currencies.
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 a modular payment system that includes a chassis which has a modular device connector. A payment database in the chassis stores funding source information and security information.
A payment module engine in the chassis determines that the modular device connector has been connected to a device frame, and it retrieves identifying information from the device. The module then determines that the identifying information matches an authorized device identified by the security information in the database and, in response, enables the transmission of the funding source information to conduct a transaction.
PayPal hinted at the integration of bitcoin as long ago as 2014, reports the publication Cryptocoin News, which notes that PayPal revealed in a SEC filing that its merchants could begin accepting bitcoin via integration with Braintree.
It also announced partnerships with Coinbase, BitPay and GoCoin. At the time, it released a video hinting at bitcoin integration.
Last November Bitwala, a cryptocurrency-to-SEPA payment service, announced it was allowing users to send bitcoin to PayPal Euro accounts.
In a further indication of PayPal interest in the sector, the payment processor announced earlier this year that it has appointed Wences Casares to its board of directors. Casares is the founder and CEO of bitcoin start up Xapo.

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Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finland’s all-time poker tournament winners.

Fair Play Bets and QuickFire in Deal - Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.

Cavaliers Aim to Take Down Wizards on 2/22/18 - The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.

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