Sunday, November 15, 2009

Paypal Among Reputable Electronic Currencies

Why do some people consider Paypal unsafe especially regarding the Paypal Money Market fund? Paypal only uses like 5.5% of total funds for the Money market fund. Even so, probably only account holders from U.S. & European countries are in it. No worries for me.

Nonetheless, I do agree that no electronic currency can come close to providing the confidence like many real world banks. It is probably because the electronic currency industry is still young but Paypal is one of the most reputable electronic currencies to date. Paypal being owned by a billion dollar company like ebay should count for something too.

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