PayPal Here Chip Card Reader Takes Swipe at Bitcoin?

Online payments giant PayPal recently launched a new product called PayPal Here Chip Card Reader which allows merchants to accept various forms of digital payment such as Apple Pay, Android Pay, and EMV-enabled cards. It is available for US retailers, in-store merchants, and customers.
The PayPal Here Chip Card Reader is currently offered at $49 for US retailers if they can be able to process at least $3,000 worth of transactions within the first three months. If not, the retail price of the card reader is at $149.
PayPal vs. Bitcoin
Following its split with online retail company eBay, PayPal has been able to focus its operations on the digital payments arena.

This post was published at NewsBTC on September 29, 2015.