Peter Thiel: Bitcoin Payment System ‘Badly Lacking’

By September 13, 2014Bitcoin Business

Peter Thiel Peter Thiel, the notable entrepreneur and Silicon Valley venture capitalist who co-founded PayPal, has expressed his dissatisfaction with the current volume of bitcoin payments, saying a payment system to surround its technological base is “badly lacking”.

Thiel made the comments while participating in a Reddit AMA (ask-me-anything) earlier today, where several questioners asked his opinion on bitcoin and other digital currencies.

He responded: “PayPal built a payment system but failed in its goal in creating a […]

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