“Paypal has frozen the account of micropayment service BitPass. Scott McCloud, one of their advisors and its most prominent user, stated that Bitpass was given seven days to provide Paypal evidence that their service isn’t a violation of the U.S. Patriot Act. Is this because Paypal is genuinely concerned that Bitpass could be used for money laundering, or are they interested in shutting down a potential competitor?”
William Abraham Blaze: “As for the actual threat to Bitpass’ functionality, its not that large. Bitpass is not reliant on Paypal, they can function just fine with people using credit cards to fill their accounts. So its just a legal drama at the moment, lets see where it leads.”
Olivier Travers speculates: “[Does Paypal] plan to acquire Peppercoin and put the pressure on Bitpass?”
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