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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.

The post Bitcoin Price Too Volatile for Merchants, Claims PayPal CFO appeared first on CCN

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