If you are shopping or selling something online, you probably know a thing or two about eBay, and whats the best way to move money online, well PayPal of course.
Nothing has been confirmed so far but it looks like PayPal will become it's own firm, separated from eBay. News broke out in the hunt for potential new employees, where the candidates where informed that the company will spin off by 2015. David Marcus left PayPal for Facebook and the company is now looking for the replacement.
This rumor isn't without its foundations. Currently eBay is in competition with Amazon, and this is a war they are not wining. Amazon's profit are increaseing year after year, much faster then profit from eBay. But PayPal is a different animal, so to speak. PayPal has enormous potential, online payments are becoming more popular by the day, not just in some countries but world wide. Take in to consideration that mobile payments are soon to explode. NFC is on almost every new phone, smartphones are set to become your new wallet, so Paypal could expand very fast and very soon.
Evan today most of the money isn't paper and metal coins, it's those numbers you see on cash machines and digital screens. Very soon there want be any money on paper, at this point this isn't just science fiction talk, this is definitely a reality. PayPal and eBay would be crazy not to take advantage of this opportunity, competition might be coming sooner then they think.
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