PayPal Puts a Stop to Bitcoin-Inspired Ad Parody:
Excerpt from the Wall Street Journal:
Shiloh Silverman, who runs a video production firm called Silver Park Studio, created a version of the ad that swapped in images of people using bitcoin and substituted “PayPal” to proclaim “Bitcoin is newer money.”
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After Mr. Silverman posted the video to YouTube and others shared it, PayPal responded by asking websites to remove the video. As of Monday, the parody ad had been blocked.
“Our vision of New Money includes Bitcoin,” a PayPal spokeswoman said in an email on Wednesday. “But to avoid customer confusion, we asked them for the video to be removed.”
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“Imitation is the sincerest form of flattery,” the PayPal spokeswoman said in the email. "I think this demonstrates just how excited customers are about the concept behind PayPal’s ’New Money’ campaign.”
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