Although digital cash was a compelling concept, companies went out of business left and right trying to make it work — until PayPal came along. PayPal’s simplified idea of e-cash didn’t create a separate currency (instead sticking with the good old dollar), and signing up didn’t require any paperwork or credit checks. The service expanded exponentially when eBay users began to adopt it as a payment method of choice. However, the same facts that make PayPal easy to use and sign up for have a flip side.
Author: Damien Cave
Subjects: Finance, IT / Technology / E-Business
Industry: Finance / Banking