{"id":1404,"date":"2016-06-01T13:58:06","date_gmt":"2016-06-01T18:58:06","guid":{"rendered":"https:\/\/www.onlinepokeramerica.com\/?p=1404"},"modified":"2019-11-26T22:31:59","modified_gmt":"2019-11-26T22:31:59","slug":"paypal-might-start-accepting-bitcoins","status":"publish","type":"post","link":"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/","title":{"rendered":"PayPal Might Start Accepting Bitcoins"},"content":{"rendered":"<p>PayPal, online payment processor, might be about to implement cyber currency Bitcoin as a new form of payment, this could mean that poker players will get more payment options in the coming months.<\/p>\n<p>Recently PayPal filled a US patent application that allows it to process not only Bitcoins but also other cryptocurrencies such as Dogecoin and Litecoin.<\/p>\n<h2 id=\"bitcoin-payments\">Bitcoin Payments<\/h2>\n<p>The goal, as described by the patent, is to develop a \u201cvirtual currency wallet system\u201d that will enable transactions between computers that mine Bitcoin and the processor.<\/p>\n<p>Just a couple of weeks before PayPal\u2019s move, the European Commission declared their will to update the Anti-Money Laundering Laws in order to cover cryptocurrencies. The recent interest from political bodies could mean that virtual currencies are gaining some acceptance and mainstream momentum.<\/p>\n<p>Bitcoin was first launched in 2009 and was seen as a more secure way to purchase goods online and transfer funds. But its initial success declined due to the lack of ties to recognized and central banking systems, which makes it difficult to trace and insure the money.<\/p>\n<h3 id=\"poker-players\">Poker Players<\/h3>\n<p>A number of operators already incorporated Bitcoin as a form of payment, since most only poker players are relatively tech savvy, \u00a0but with PayPal\u2019s interest in developing a virtual currency wallet system even more site could be interested in joining the party.<\/p>\n<p>If PayPal does implement Bitcoin as a form of payment, sites wouldn\u2019t need to work with specialized Bitcoin wallets. This could mean more non-geographical withdrawal and deposit options, since most sites already use PayPal.<\/p>\n","protected":false},"excerpt":{"rendered":"PayPal, online payment processor, might be about to implement cyber currency Bitcoin as a new form of payment, this could mean that poker players will get more payment options in the coming months. Recently PayPal filled a US patent application that allows it to process not only Bitcoins but also other cryptocurrencies such as Dogecoin [&hellip;]","protected":false},"author":9,"featured_media":1406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headline"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal Might Start Accepting Bitcoins - Online Poker America News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal Might Start Accepting Bitcoins - Online Poker America News\" \/>\n<meta property=\"og:description\" content=\"PayPal, online payment processor, might be about to implement cyber currency Bitcoin as a new form of payment, this could mean that poker players will get more payment options in the coming months. Recently PayPal filled a US patent application that allows it to process not only Bitcoins but also other cryptocurrencies such as Dogecoin [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/\" \/>\n<meta property=\"og:site_name\" content=\"Online Poker America News\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Online-Poker-America-433297890180544\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-01T18:58:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-26T22:31:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.onlinepokeramerica.com\/news\/wp-content\/uploads\/sites\/2\/2016\/06\/bitcoins.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adam Mason\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OnPokerAmerica\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adam Mason\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/\"},\"author\":{\"name\":\"Adam Mason\",\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/#\/schema\/person\/52391fd09fdbd57b7dfd1834d3bd045a\"},\"headline\":\"PayPal Might Start Accepting Bitcoins\",\"datePublished\":\"2016-06-01T18:58:06+00:00\",\"dateModified\":\"2019-11-26T22:31:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/\"},\"wordCount\":262,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.onlinepokeramerica.com\/news\/wp-content\/uploads\/sites\/2\/2016\/06\/bitcoins.jpg\",\"articleSection\":[\"Headline\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/\",\"url\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/\",\"name\":\"PayPal Might Start Accepting Bitcoins - Online Poker America News\",\"isPartOf\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.onlinepokeramerica.com\/news\/wp-content\/uploads\/sites\/2\/2016\/06\/bitcoins.jpg\",\"datePublished\":\"2016-06-01T18:58:06+00:00\",\"dateModified\":\"2019-11-26T22:31:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.onlinepokeramerica.com\/news\/paypal-might-start-accepting-bitcoins\/#primaryimage\",\"url\":\"https:\/\/www.onlinepokeramerica.com\/news\/wp-content\/uploads\/sites\/2\/2016\/06\/bitcoins.jpg\",\"contentUrl\":\"https:\/\/www.onlinepokeramerica.com\/news\/wp-content\/uploads\/sites\/2\/2016\/06\/bitcoins.jpg\",\"width\":700,\"height\":420,\"caption\":\"Bitcoin. 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