Paypal + Bitcoin: Welcome to the promised land!

[_smudger_]

https://www.youtube.com/watch?v=pF7HxLCFMeY&feature=youtu.be&t=8s

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[yrask]

A great news for a great increasing of price 

But is hard to hear that voice, I only heard "Bitcoin" and not the word "Spend". I hope that Paypal will accept Bitcoin !

[ticoti]

Incredible!!
that is crearly intentioned and it is the clearest intention of adding bitcoin to its services till now 

[cryptworld]

these are great news!
We may have the notice that they are working with bitcoin very soon 

[LiteCoinGuy]

actually this is cool news. an official paypal-spot says, that you can use bitcoin with a paypal-wallet  

(i would not use it but the mass would do  )

[franckuestein]

Great to hear that!

Let's see if Paypal send an official message or more info about the video 
Thanks to _RME_ from Reddit, here you have the mirror --> https://mega.co.nz/#!AYNnlRBZ!5e1q1jrC-25NShR7RF4Uuix3GGDxkxSml2DPSIOhoK8

I'm hearing choo choo (?)
http://www.reddit.com/r/Bitcoin/comments/2ft75q/paypal_featuring_bitcoin_in_his_app_we_can_spend/

[Sutters Mill]

What in the actual fuck is that video actually about? It's like some freaky brainwashing vid. Actually scared me so I didn't even make it half way through lol. Cannot be real.

[Fabrizio89]

Wow! Where's my bubble?
Amazing news and great video, the "borg vibe" in it really catched me. I'm so excited to see what they are planning!
I'm pretty sure Paypal and Coinbase/Bitpay worked together recently, I'd bet they are about to buy one or the other.

[hilariousandco]

That video is quite disturbing. Have they been hacked or something? I don't see why PayPal would be advertising bitcoin right now without having something in it or announced. It's a direct competitor to them.

[LiteCoinGuy]

What in the actual fuck is that video actually about? It's like some freaky brainwashing vid. Actually scared me so I didn't even make it half way through lol. Cannot be real.

100%! this video sucks but its still good news 

[_smudger_]

http://fiatleak.com/ going crazy now !

[bbit]

TO THE MOON!  finally, a break ....now we should see some action.

[LiteCoinGuy]

its uploaded on the official paypal-channel. lets see if they were hacked or if this is real 

[ticoti]

its uploaded on the official paypal-channel. lets see if they were hacked or if this is real 

it does not look like a hacked video

[chennan]

Fud is spreading every corner of this forum. No time table yet.

[Sutters Mill]

its uploaded on the official paypal-channel. lets see if they were hacked or if this is real 

it does not look like a hacked video

What does a hacked video look like because this certainly doesnt look like something Paypal would do. Why would they do this when they don't deal in bitcoin yet?

[Mellnik]

HOLY SHIT we got a LIFTOFF where is my rocket and space suit exhanges going crazy

[hilariousandco]

its uploaded on the official paypal-channel. lets see if they were hacked or if this is real 

it does not look like a hacked video

Looks like one to me. It certainly doesn't seem like something PP would put out. Did it even mention Paypal anywhere?

[LiteCoinGuy]

HOLY SHIT we got a LIFTOFF where is my rocket and space suit exhanges going crazy

at least Litecoin is the second in the line...and why is Namecoin on top of the rocket?  

[CryptoCarmen]

Hmm what if is it mistake?

[futureazy]

Can you guys stop posting great news, the price won't rise with them, we need some bad news to start a new rally

[runam0k]

Hmm what if is it mistake?

Could be.  I frequently whip up insane marketing videos by mistake.  I subconsciously release them to coincide with Apple announcements too.

[Sutters Mill]

Can you guys stop posting great news, the price won't rise with them, we need some bad news to start a new rally

This isn't really great news. It's barely any news. And the price seemingly goes down whether we have good or bad news. There's no logic to the bitcoin price sometimes.

[drippx]

Anyone else notice damon john of shark tank on the video haha, hes a billionaire and will lift btc to the moon

[Mellnik]

If it's real Bitcoin is going to hit da moon like a tripple Tsar Bomba; $2,000 new low, I said it first!!1

[seriouscoin]

Anyone else notice damon john of shark tank on the video haha, hes a billionaire and will lift btc to the moon

Hes not Billionaire LOL, but i bet he needs Bitcoin to join that club.


BTW the ONLY billionaire in SharkTank is Mark Cuban. Others are not even in 1%, especially the retard Kevin.

[Mellnik]

"Guys take me serious"

I'm not good at photoshop

[BitCoinNutJob]

That video is quite disturbing. Have they been hacked or something? I don't see why PayPal would be advertising bitcoin right now without having something in it or announced. It's a direct competitor to them.

Think they are going to integrate it soon.  Maybe their advert department has been told to include it from now on but the platform department hasnt yet got things sorted.

Amazing news imo

[runam0k]

"Guys take me serious"
[snip]
I'm not good at photoshop

I suspect the above requires the prior viewing of the PayPal video... but I'm prepared to agree with you anyway.

[runam0k]

Think they are going to integrate it soon.  Maybe their advert department has been told to include it from now on but the platform department hasnt yet got things sorted.

Amazing news imo

Agree integration is probably not ready yet.  I do think it's worth noting that Apple is supposedly going to make a (fiat) wallet announcement tomorrow.  Maybe this video was intended as a way of interrupting that, or at least firing a warning shot.  Or maybe I am reading too much into it.

[franckuestein]

If Paypal adds Bitcoin, Braintree (acquired by Paypay) is going to do the same... (?)  
Think about it... How easy could be for people taking Uber taxis (for example) paying with Bitcoins!? wuoha!!  

Now, you just have to think and think... Are you hyped? haha

[Fuserleer]

This is what I have to say on Paypal and Bitcoin...BAD BAD BAD!!  

https://bitcointalk.org/index.php?topic=658911.msg8730829#msg8730829

[futureazy]

Someone in the speculation subforum translated the sentence at 0:08

"our phones are low we can spend it going with the tap"

[bornil267645]

Hearing that for quite some time, when is it gonna start?

[BitChick]

Someone in the speculation subforum translated the sentence at 0:08

"our phones are low we can spend it going with the tap"

That was just the automated transcript.  There is probably no word in the software for Bitcoin.  The ad clearly says Bitcoin. 

[franckuestein]

Someone in the speculation subforum translated the sentence at 0:08

"our phones are low we can spend it going with the tap"

Guys... they're saying BIT... not going... haha
Listen to it for more than 3 times and you're going to understand that they're saying: "We can spend Bitcoin"

The word "going" is just from the youtube transcription (not 100% verified or perfect) you know...

[hawahawa]

Someone in the speculation subforum translated the sentence at 0:08

"our phones are low we can spend it going with the tap"

That was just the automated transcript.  There is probably no word in the software for Bitcoin.  The ad clearly says Bitcoin. 

Nice, so it isn't fake, when does the choo choo train start, I have missed it in these months.

[bbit]

The head of BrainTree ( CEO of PayPal) to speak shortly at TechCrunch Disrupt....
http://techcrunch.com/events/disrupt-sf-2014/live-video/

[juju]

The head of BrainTree ( CEO of PayPal) to speak shortly at TechCrunch Disrupt....
http://techcrunch.com/events/disrupt-sf-2014/live-video/

Damn I came here to post that here is the agenda looks like he speaks in 1 hour and 30 minutes maybe.

http://techcrunch.com/events/disrupt-sf-2014/agenda/

[bbit]

The head of BrainTree ( CEO of PayPal) to speak shortly at TechCrunch Disrupt....
http://techcrunch.com/events/disrupt-sf-2014/live-video/

Damn I came here to post that here is the agenda looks like he speaks in 1 hour and 30 minutes maybe.

http://techcrunch.com/events/disrupt-sf-2014/agenda/

haha yes   Does look like an hour and 30 minutes ....

[hawahawa]

The head of BrainTree ( CEO of PayPal) to speak shortly at TechCrunch Disrupt....
http://techcrunch.com/events/disrupt-sf-2014/live-video/

Damn I came here to post that here is the agenda looks like he speaks in 1 hour and 30 minutes maybe.

http://techcrunch.com/events/disrupt-sf-2014/agenda/

This will probably be huge, looking forward to it, this will be in the history of btc.

[pedrog]

Oh shit! Moon?

[BitCoinNutJob]

The head of BrainTree ( CEO of PayPal) to speak shortly at TechCrunch Disrupt....
http://techcrunch.com/events/disrupt-sf-2014/live-video/

Damn I came here to post that here is the agenda looks like he speaks in 1 hour and 30 minutes maybe.

http://techcrunch.com/events/disrupt-sf-2014/agenda/

This will probably be huge, looking forward to it, this will be in the history of btc.

This feels like the live stream moments of USA regs back at the end of 2013, im sensing something big.

[Fuserleer]

If this actually takes off, the value of BTC will drop due to more fluidity.

[bbit]

Oh shit! Moon?

we'll be landing on the moon....

[LiteCoinGuy]

[pedrog]

Oh, forgot this: ┗(°0°)┛

 

[Beliathon]

That video is quite disturbing. Have they been hacked or something? I don't see why PayPal would be advertising bitcoin right now without having something in it or announced. It's a direct competitor to them.

They have no choice. They can reject bitcoin and die, or embrace it and survive. It's ALWAYS better to cannibalize your own profits than to have some competitor do it for you.

Blockbuster failed to learn that lesson in time. Looks like Paypal doesn't want to make the same mistake.

[hilariousandco]

That video is quite disturbing. Have they been hacked or something? I don't see why PayPal would be advertising bitcoin right now without having something in it or announced. It's a direct competitor to them.

They have no choice. They can reject bitcoin and die, or embrace it and survive. It's ALWAYS better to cannibalize your own profits than to have some competitor do it for you.

Blockbuster failed to learn that lesson in time. Looks like Paypal doesn't want to make the same mistake.

I've made that argument before, but my point is they haven't even implemented bitcoin yet. Seems silly to be advertising bitcoin before they've even got something in place. I also think it'll be a while before bitcoin is at the point where it's a threat to them, though I hope that does come sooner rather than later.

[Beliathon]

I've made that argument before, but my point is they haven't even implemented bitcoin yet. Seems silly to be advertising bitcoin before they've even got something in place.

It's probably the beginning of a very carefully planned Public Relations / ad campaign wherein Paypal tries to maneuver themselves into the position of "trusted bitcoin service". They have hungry eyes on Coinbase / Bitpay's marketshare I'm sure.

[ticoti]

if paypal  accepts bitcoin it would mean you can pay almost anywhere!
but i am afraid of fees 

[LiteCoinGuy]

Oh, forgot this: ┗(°0°)┛

 

i will fly with the cow to daa moon 

[cryptworld]

this may be to see if the video takes a good repercusion in the bitcoin world like a social market study

[ensurance982]

That video is creepy, holy cow! It really looks like some cult But to be honest, PayPal would be a great addition to Bitcoin, if it worked as a escrow service. It could protect people from being scammed and make Bitcoin just as safe as a Credit Card for the customer.

[hilariousandco]

if paypal  accepts bitcoin it would mean you can pay almost anywhere!
but i am afraid of fees  

You don't have to use it if that's the case, just like you don't have to use Paypal. They're going to want some fee for their service that's for sure, but I'd rather have Paypal than no PayPal at all. Them adopting bitcoin will only be good for mass adoption regardless.

[promojo]

People are saying this might be a fake.....  Stay tuned for the PayPal keynote in like a hour or so?

[BitCoinNutJob]

People are saying this might be a fake.....  Stay tuned for the PayPal keynote in like a hour or so?

how can it be fake its on their paypal youtube channel

[ticoti]

if paypal  accepts bitcoin it would mean you can pay almost anywhere!
but i am afraid of fees  

You don't have to use it if that's the case, just like you don't have to use Paypal. They're going to want some fee for their service that's for sure, but I'd rather have Paypal than no PayPal at all. Them adopting bitcoin will only be good for mass adoption regardless.

for sure,many people would know bitcoin if paypal announce it in his web
and it is always better a market with many alternatives than a monopoly,that makes a highly competitive market

[salsacz]

Paypal created a video supporting Bitcoin just 4 days ago - new info, actors identified: http://nxtcoin.blogspot.com/2014/09/paypal-created-video-supporting-bitcoin.html

[cryptworld]

People are saying this might be a fake.....  Stay tuned for the PayPal keynote in like a hour or so?

is there a paypal keynote?
any link or website to see it?

[pedrog]

People are saying this might be a fake.....  Stay tuned for the PayPal keynote in like a hour or so?

It's in Paypal's channel, plus the ad is professional, still nothing about this ad on Paypal's blog so they might be waiting for keynote to make a big announcement. Keynote in less than 40 minutes.

[promojo]

People are saying this might be a fake.....  Stay tuned for the PayPal keynote in like a hour or so?

It's in Paypal's channel, plus the ad is professional, still nothing about this ad on Paypal's blog so they might be waiting for keynote to make a big announcement. Keynote in less than 40 minutes.

What is the URL for that Keynote again?  lost it.  It was on techcrunch.

EDIT:  Here it is - http://techcrunch.com/ starts at 1:15PM CST. 

[Moebius327]

Well this is good I guess. Is mass adoption on it's way?

[promojo]

Well this is good I guess. Is mass adoption on it's way?

Too hard to tell... most likely more user adoption and education required.

[beetcoin]

it's been almost a year of "to the moon!" without going to the moon. we've had a lot of good news and it hasn't really affected the price of bitcoin. the one time bitcoin went up a good deal was with the auction of ross ulbricht's coins, and that was inherently different from most of the good news we got this year (since it was about someone actually investing, not offering some service or acceptanceo f bitcoin). i'm going to hold my horses.

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

[franckuestein]

Paypal created a video supporting Bitcoin just 4 days ago - new info, actors identified: http://nxtcoin.blogspot.com/2014/09/paypal-created-video-supporting-bitcoin.html

I'm reading the same as you 
Evidence is there, let's see what they say on the today's Braintree conference but I'm feeling positive! 

[Beliathon]

if paypal  accepts bitcoin it would mean you can pay almost anywhere!
but i am afraid of fees 

Knowing Paypal, you are right to be wary of exorbitant fees. Bear in mind, however, that Paypal does and will continue to have competitors in the market. Sooner or later, this competition will ultimately force them to reduce fees or be driven out of business, just as it is forcing them to adopt Bitcoin now.

[BitCoinNutJob]

Everyone tweet the shit out of paypal & techcrunch, paypal just tweeted

We're excited to hear from our own @williamready in just a few minutes at this year's @TechCrunch

[runam0k]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal*.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

*152 million registered users in 203 markets, at least according to PayPal.

[beetcoin]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

what the majority of bitcoin holders want is "to the moon," and if it that means that bitcoin will be massively adopted, then okay. but to be more realistic, it's not about the acceptance of bitcoin (its utility), but it's more about the supply/demand side that affects the price. the guy who bought the SR auctioned coins invested at least $20 million into bitcoin, and it drove the price up to 6 month highs.

when merchants like dell/newegg/tigerdirect/overstock announced they were to accept bitcoin, the price never really went anywhere. to me, paypal supporting bitcoin is more in line with dell/newegg/tigerdirect/overstock than it is of some dude dropping $20 million on bitcoin.

[promojo]

This looks like Braintree news.. Nothing in relation to PayPal/eBay.  This will allow merchants to accept Bitcoin payments via their mobile app..... FYI - let's not get too excited about this.

[pedrog]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

Exactly, Network Effect, value increases if userbase increases, and we also like speculative bubbles.

[beetcoin]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

Exactly, Network Effect, value increases if userbase increases, and we also like speculative bubbles.

we've had at least 5 major corporations that have begun to accept bitcoin this year.. and where has the price gone? for me, i think the real moon lies with the ETF.. that's when billions of new money will come flowing it. with guys like paypal/newegg/dell/overstock and the like, they only make bitcoin move around the blockchain more, which ends up back at the exchanges and lowers the price.

[promojo]

we've had at least 5 major corporations that have begun to accept bitcoin this year.. and where has the price gone? for me, i think the real moon lies with the ETF.. that's when billions of new money will come flowing it. with guys like paypal/newegg/dell/overstock and the like, they only make bitcoin move around the blockchain more, which ends up back at the exchanges and lowers the price.

I think you nailed it right there.

[dagi]

that's great news! 

TO THE MOON!

[Ron~Popeil]

Even if they do start accepting it I cannot bring myself to trust paypal. They are a bit of a poster child for the problems with the current system. For my business the core QT wallet and keeping an amount equal to my inventory in escrow gets the job done just fine.

[Mowcore]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

Exactly, Network Effect, value increases if userbase increases, and we also like speculative bubbles.

we've had at least 5 major corporations that have begun to accept bitcoin this year.. and where has the price gone? for me, i think the real moon lies with the ETF.. that's when billions of new money will come flowing it. with guys like paypal/newegg/dell/overstock and the like, they only make bitcoin move around the blockchain more, which ends up back at the exchanges and lowers the price.

As much as I hate Paypal, , I wouldn't include them in that list you just beefed out. The others are retailers, Paypal is a (horrible) payment processor.

[pedrog]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

Exactly, Network Effect, value increases if userbase increases, and we also like speculative bubbles.

we've had at least 5 major corporations that have begun to accept bitcoin this year.. and where has the price gone? for me, i think the real moon lies with the ETF.. that's when billions of new money will come flowing it. with guys like paypal/newegg/dell/overstock and the like, they only make bitcoin move around the blockchain more, which ends up back at the exchanges and lowers the price.

Speculative bubble price correction, if late 2013 bubble hadn't happened you would just see price increasing slowly over time.

[Nabu]

i think paypal just tease of you guys. and you have taken the bait.

is the bitcoin a trademark? or just a word? who did buy the trademark from mt.gox? how they going to use it?

[pedrog]

Ok, starting now, let's see if this guy says something about bitcoin.

[ticoti]

Braintree CEO live
http://techcrunch.com/events/disrupt-sf-2014/live-video/

[promojo]

ONE TOUCH!   Sign me up! hahaha - that would of been his time to name drop BITCOIN.  Fail.

[ticoti]

Braintree accepts bitcoin by means of coinbase  https://twitter.com/coinbase/status/509050652308549633

[beetcoin]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

Exactly, Network Effect, value increases if userbase increases, and we also like speculative bubbles.

we've had at least 5 major corporations that have begun to accept bitcoin this year.. and where has the price gone? for me, i think the real moon lies with the ETF.. that's when billions of new money will come flowing it. with guys like paypal/newegg/dell/overstock and the like, they only make bitcoin move around the blockchain more, which ends up back at the exchanges and lowers the price.

Speculative bubble price correction, if late 2013 bubble hadn't happened you would just see price increasing slowly over time.

bitcoin has never worked like that, so i have no idea how you got to that conclusion. it's always been a meteoric boom or bust for bitcoin. i've never seen bitcoin "gradually increase over time." i've only seen it multiply 10 fold within a short span, and then stabilize for a while until the same thing happens again.

[cmacwiz]

Lol, they jerkin us around! Second big announcemen: BTC!

[Junkey]

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

"Braintree merchants using Coinbase will receive all the benefits associated with accepting bitcoin payments, including 1% flat transaction fees (waived for the first $1M in bitcoin sales) with no additional costs, all while avoiding exposure to any currency volatility risk thanks to Coinbase’s Instant Exchange feature."

[runam0k]

Yeap, building into their Braintree software (i.e. the one used by Uber, Airbnb, Dropbox, etc).

“This is PayPal making a move to embrace Bitcoin,” Ready said, pointing out that Braintree is the go-to developer platform for PayPal.

http://techcrunch.com/2014/09/08/paypal-braintree/

[BittBurger]

Do you all feel that this really is any different from, say, Shopify "adding bitcoin" as an "option" for their thousands of customers?   I don't want to be pessimistic, but all this adds is the option "for those who want to use Bitcoin".   Its not like "Paypal is using Bitcoin" as part of its business model.  Technically.   Thoughts?

-B-

[de_ixie]

Yes baby 

[pedrog]

Mystery solved, Paypal on board, quite awesome!

[ticoti]

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

[superpanos2]

Oh that's good news.
There were already rumours about this, but we just got a confirmation...
Personally I don't think Paypal  is the hero of bitcoin, but it will still give a boost in global adoption.
However, btc does very well alone..

[juju]

Found two articles on forbes and bloomberg about it:

http://www.forbes.com/sites/ryanmac/2014/09/08/ebay-announces-first-foray-into-bitcoin-with-braintree-unit/

http://www.bloomberg.com/news/2014-09-08/ebay-s-paypal-unit-to-start-accepting-bitcoin-payments.html

[franckuestein]

Finally great news, of course!
Ready says that PayPal is partnering with Coinbase to enable a Bitcoin-based payment system. "This would be PayPal's first foray into Bitcoin" he said. "But it's via the Braintree platform.

"That service is still in the works, he says, and it won't be handled exclusively through PayPal -- merchants interested in using the emerging system will need a Coinbase wallet to accept payments.

Of course, PayPal just gave hundreds of bitcoiners an erection
Announcement: http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

[iluvpie60]

when i watched this it sounded like a joke, saying it is magical money is like getting in a dig isn't it? paypal has an app that can act just like bitcoin is what it sounds like they are saying?? am i the only one who thinks they are making fun of bitcoin kind of here? i dont get this weird commercial...

[niktitan132]

Awesome news! 

[Jay Gatsby]

Yesssss!!! this makes me so happy

[valkir]

That's a really nice news!  

[keithers]

Paypal implementing BTC would be a huge step for BTC because it would be an added layer of security for Buyers who are paying in BTC.   As of right now, buyers (paying in BTC), have to rely heavily on the seller's reputation, and/or escrow  to make sure they are protected once they make a BTC payment.

If Paypal brings on BTC, it will give that same security for buyers that it does for sellers.   Paypal + BTC would be a nice transaction.

[BitCoinDream]

https://www.youtube.com/watch?v=pF7HxLCFMeY&feature=youtu.be&t=8s

Probably I'm missing something. I checked the video. A lot of people are talking about Bitcoin in the comment. But where is Bitcoin logo in the vid ?

[Bitcoinpro]

they will still need guidance, though they are realizing that open source currency is the way of the future

[InwardContour]

I can't see any bitcoin logo in their website... tell me if you spot them.

[BADecker]

Remember the old eGold company in the early 2000s? PayPal accepted eGold back then. After a little while, PayPal started suspending accounts of people who had eGold accounts. Lots of eGold users simply lost their money that they had in PayPal.

eGold was a centralized ecurrency money transfer company. It was something similar to Bitcoin except that it was centralized. The feds took it down like they took Liberty Reserve down under claims of money laundering. They would take Bitcoin down, but they can't without taking the whole world down. They are trying to do this.

The little point is, I wouldn't really trust PayPal for any more than tiny amounts of money that wouldn't harm me if I lost them. The big point is, personally I think that PayPal is a government "stooge" company. I don't trust them.

I just queried egold.com. eGold is completely gone.

[BitCoinDream]

they will still need guidance, though they are realizing that open source currency is the way of the future

This comment summarizes it all => https://www.youtube.com/watch?v=pF7HxLCFMeY&google_comment_id=z12dyryjkl2czlchd04cgfsjmvy1epir1e4
 

A rat fleeing a sinking ship, an attempt to incorporate revolutionary innovation (Bitcoin) into a failing system. Hear me out Paypal: crypto-currencies don't need you. We have our wallet software and own blockchains, we no longer need a babysitter to hold our money for us. We don't trust you because you've been pandering to the power structure and the fiat overlords for long years.

Have a nice shunning, it will be awry for you.

[cryptworld]

I messaged

https://www.facebook.com/PayPal?sk=wall

to ask them if the video is legitimate

and if they are considering accepting bitcoin

have you read the thread?
havent you seen that braintree (paypal company) is accepting bitcoin

[Bitcoinpro]

I messaged

https://www.facebook.com/PayPal?sk=wall

to ask them if the video is legitimate

and if they are considering accepting bitcoin

have you read the thread?
havent you seen that braintree (paypal company) is accepting bitcoin

yes i have read the whole thread Braintree is another Ebay subsidiary

this thread is about paypal,

stories are saying Paypal aquired Braintree but I think Ebay is planning on merging them,

these stories are less than a year old so probably not too much has happened with their

company structures yet, be best to ask some of the media reps from the respective

companies to get the finer details,

http://techcrunch.com/2013/09/26/paypal-acquires-payments-gateway-braintree-for-800m-in-cash/

http://techcrunch.com/2014/09/08/paypal-braintree/

ok so the Braintree story is brand new as well about them accepting bitcoin

so you can see with the two company structures overlapping this is why Paypal

has released a video endorsing Bitcoin.

Braintree is partnering with www.ycombinator.com/ a startup manager

and Coinbase in helping implementing a one touch payment system,

Neither Paypal, Braintree or Coinbase is a startup so they could possibly

be spinning of another company, maybe their own Bitcoin wallet software company

which will help implement the software into the one touch system.

[pedrog]

Braintree Brings One Touch Payments to the People and Will Offer Bitcoin to Developers Soon

https://www.paypal-community.com/t5/PayPal-Forward/Braintree-Brings-One-Touch-Payments-to-the-People-and-Will-Offer/ba-p/872921

[Bitcoinpro]

Braintree Brings One Touch Payments to the People and Will Offer Bitcoin to Developers Soon

https://www.paypal-community.com/t5/PayPal-Forward/Braintree-Brings-One-Touch-Payments-to-the-People-and-Will-Offer/ba-p/872921

Any ideas on how they could be integrating Bitcoin, sounds a bit far fetched atm. I'd love to have a guess at what they

are doing but it would be to much speculation on my part.

[CoinDiver]

It seems PayPal is now build upon the BrainTree architecture. Meaning, PayPal internally now supports bitcoin to some degree. What I would like to see is bitcoin supported as a currency, in addition to as a protocol. This will cause  downward pressure as liquidity increases.

[minimalB]

What a timing! I'm sure Braintree/Paypal put this info out today to !@#$% Apple's keynote tomorrow. GG!

[Ilsk]

Great news but my eyes are bleeding because of this video.

[knight22]

This is huge 

[knight22]

https://www.youtube.com/watch?v=pF7HxLCFMeY&feature=youtu.be&t=8s

Probably I'm missing something. I checked the video. A lot of people are talking about Bitcoin in the comment. But where is Bitcoin logo in the vid ?

@ 8s

Our phone is our wallet. We can send bitcoin with a tap.

[Bitcoinpro]

https://www.youtube.com/watch?v=pF7HxLCFMeY&feature=youtu.be&t=8s

Probably I'm missing something. I checked the video. A lot of people are talking about Bitcoin in the comment. But where is Bitcoin logo in the vid ?

@ 8s

Our phone is our wallet. We can send bitcoin with a tap.

sending bitcoin with an air swipe would sound more futuristic

http://www.youtube.com/watch?v=01lzAdOIAJw

[BitChick]

What a timing! I'm sure Braintree/Paypal put this info out today to !@#$% Apple's keynote tomorrow. GG!

Is Apple's big announcement going to have anything to do with Bitcoin? 

[mraveragejoe]

When paypal will implement for real bitcoins the value will drop due to the higher sell pressure or it will rise?

[minimalB]

Is Apple's big announcement going to have anything to do with Bitcoin? 

Probably not. But whatever they announce tomorrow is not going to sound as huge because of today's announcement.

That is only my wild guess, of course.

[BitChick]

Is Apple's big announcement going to have anything to do with Bitcoin? 

Probably not. But whatever they announce tomorrow is not going to sound as huge because of today's announcement.

That is only my wild guess, of course.

I found this article that says that they might incorporate Bitcoin into iphone6.  I guess we can dream anyways.

 http://www.bidnessetc.com/24803-iphone-6-might-feature-bitcoin-functionality/

[pedrog]

Is Apple's big announcement going to have anything to do with Bitcoin? 

Probably not. But whatever they announce tomorrow is not going to sound as huge because of today's announcement.

That is only my wild guess, of course.

I found this article that says that they might incorporate Bitcoin into iphone6.  I guess we can dream anyways.

 http://www.bidnessetc.com/24803-iphone-6-might-feature-bitcoin-functionality/

Hot stuff.

[fruitcommander]

Still waiting on that rise tho......

[djnocide]

one step closer to mass adoption. All good to hear news like that.

[Ardenyham]

Funny, will be interesting when Apple reacts to the situation and start adding Bitcoin as well...

[franckuestein]

Still waiting on that rise tho......

Price rises don't appear in just 30 minutes or 1 hour.
Now the cards are on the table. Now, tomorrow or someday people is going to get interested in Bitcoin, don't be nervous guys.

Project is strong and community is there what we have to do is move our Bitcoins and spread it to our friends!
Simple donations to let them know how it works, help!

[bigassboy]

it is a big step in the right direction, great news

[gogxmagog]

video reminds me of a robert altman movie where they all talk at the same time. I actually like it.

great news though. even if just a step, it is in the right direction.

[element6]

paypal might be the next bitcoin exchange

[djnocide]

video reminds me of a robert altman movie where they all talk at the same time. I actually like it.

great news though. even if just a step, it is in the right direction.

One step at a time, untill we get to our destination. For a change it's a good news   .

[mercistheman]

This is one of those moments when the stars are lined up to buy.

[r0ach]

Remember the old eGold company in the early 2000s?

like they took Liberty Reserve down under claims of money laundering.

[oceans]

If this does happen it will be great news. I am still weary as to whether or not both bitcoin and paypal will happen. If it does it will be quite amazing to see.

[BitChick]

If this does happen it will be great news. I am still weary as to whether or not both bitcoin and paypal will happen. If it does it will be quite amazing to see.

Um.  They already said that they were today.  http://techcrunch.com/video/cleaning-up-the-mobile-buying-experience-with-paypalbraintrees-bill-ready/518405858/

[DaveSaldana123]

Anyone here read about the Braintree CEO? Soon paypal willa accept BTC

[CryptoCarmen]

Still waiting on that rise tho......

In bitcoin land things happen with 3 months delay. And actually nothing really happened. It was just an advertisement, that is all.

[minerpumpkin]

I think this is a great thing. Bitcoin needs more legitimate (yes, PayPal has done evil things I know) companies that protect customers. They can for example act as a Bitcoin escrow service for a small fee!

[kendog77]

People like to bash Paypal, but the fact of the matter is that many online marketplaces like Ebay will not function well without a third party intermediary that provides both the buyer and seller protection.

Paypal accepting BTC is a great step toward mainstream adoption!

[haploid23]

Wtf... those faces and that voice, makes it so hard to focus on what they're actually saying.

There will be a 100% chance paypal will still rape you with fees for using their built in bitcoin feature..

[Sutters Mill]

Wtf... those faces and that voice, makes it so hard to focus on what they're actually saying.

There will be a 100% chance paypal will still rape you with fees for using their built in bitcoin feature..

They're obviously going to take a fee just like any payment processor but regardless of their cut it's still huge news. Hopefully they'll charge a fee less than what they currently do for fiat payments.

[cozk]

Paypal is über shit.

But that will help BTC.

[Xiaoxiao]

I'm starting to think that the more adoption of btc by merchants, the more it will HURT price of bitcoin.

[Mr Tea]

I'm starting to think that the more adoption of btc by merchants, the more it will HURT price of bitcoin.

Care to elaborate on why you think that is because I don't see how it can possibly be logical. More merchants = more demmand.

[EFFV]

This is great news for the average person and business who wants to utilize Bitcoin, but is not familiar with the infrastructure. He can now use a system that is already familiar to him! This is great news!

[CoinDiver]

I'm starting to think that the more adoption of btc by merchants, the more it will HURT price of bitcoin.

Care to elaborate on why you think that is because I don't see how it can possibly be logical. More merchants = more demand.

Depends on the implementation. If all they do is take bitcoin, and convert it to USD to sit it paypal accounts, Xiaoxiao is absolutely correct. If they make it easier to get and hold BTC, the price will rise. This is all short term. Long term it is certainly positive.

[CryptoCarmen]

I'm starting to think that the more adoption of btc by merchants, the more it will HURT price of bitcoin.

Care to elaborate on why you think that is because I don't see how it can possibly be logical. More merchants = more demmand.

More merchants is also more ways to spend it.

[2017orso]

Finally

Many more steps to go, many crossed off the list

[Gianluca95]

I hope that we will see a good increasing of price right now, it is the moment, then I hope that number of transaction in bitcoin network will increase, now it is the bitcoin moment !

[john641]

The whole video seemed dedicated to Bitcoin

"We have magical money. Not bound by bank or bill. It's instant, simple, and secure enough to get out on the way. Consider yourself invited to the people economy." etc

I have a feeling Coinbase and PayPal have been working together recently..