Online education portals like Udacity and Coursera are really changing the world of remote learning in significant ways. By making free and high quality education accessible to a global audience, these platforms are opening up undreamt of possibilities for communities around the world to improve, grow, and prosper in the digital economy of the 21st century. Education at top tier colleges and universities has traditionally been a social and economic privilege, but now anyone can join in the learning revolution by sitting in virtual classrooms with the world’s best and brightest educators. Whether this involves learning how to code and build smart phone apps, or starting up a new business, or learning about public health literacy, the sky is the limit of what’s now possible.

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How Much Paypal Outage Costs?

On Monday, PayPal suffered a global outage that slowed down its performance; however, eBay has stated that the online payment processor is almost completely back to its normal level of performance. PayPal started to have problems with its website about one hour ago, limiting its ability to receive and send payments. On his blog, PayPal spokesman Anuj Nayar posted just before noon Pacific time that “We have all hands on deck to get this fixed,” and apologized for the inconvenience. At 12:40 pm PDT, an update indicated that most of the site’s functions were online. Nayar stated that the outage affected customers worldwide. The most serious problems lasted for about one hour, and complete functionality was restored by 2 pm PDT.

For any merchant depending on PayPal to process e-commerce transactions, this could be an expensive outage. The average flow of money through PayPal is about $2000 per second, according to the company. Thus, a one-hour outage could reduce turnover by $7.2 million! According to its developer’s site, PayPal suffer outages to its web page and its application programming interface (API), which allows applications to bypass the Web site when conducting transactions.

Hovhannes Avoyan

About Hovhannes Avoyan

Paid Monitor CEO – Hovhannes is an international entrepreneur with a recognized and respected reputation in the high tech industry. His technical expertise, combined with his drive to build the best business/product, has positioned him as a visionary international extension of Silicon Valley.

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