Bitcoin discussed, advocated at PayPal’s TechXploration event

Coindesk reports that there was a featured discussion on Bitcoin at PayPal’s monthly TechXploration event at its Conference Center in San Jose. Hundreds were reported to have attended, and the premises filled to capacity.

TechXploration is a free technology and art focused meetup series hosted by PayPal. The bitcoin discussion was titled “Uncover the Mystery of Bitcoin & Blockchain Technology”, led by Scott Robinson, head of the Bitcoin startup incubator “Plug and Play”. It introduced the concept of Bitcoin as a protocol and as a currency from a beginner’s perspective.

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Bitcoin was compared to the early days in the internet. Robinson showed that Bitcoin has already garnered more venture funding than the internet project in 1995.

About one third of attendees indicate that they own Bitcoin.

It appears that there were no indications of active PayPal participation or support in Bitcoin over and above what we already know. But their hosting of the event was ironic considering that if successful, Bitcoin can threaten their very existence.