Bitcoin Forum

Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal's first formal offering to the bitcoin community. In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables customers to accept credit cards, mobile carrier payments and other payment methods through a single integration.

PayPal is available in 193 markets and 26 currencies. With 143 million active registered accounts and $6.6bn in revenue at the end of 2013, the e-commerce giant brings the potential for new users and new business to the bitcoin economy.

https://www.coindesk.com (https://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space)

This was an old news from 2014.
PayPal Partners with BitPay, Coinbase, and GoCoin (https://www.ccn.com/paypal-partners-with-bitpay-coinbase-and-gocoin/)

PayPal Filed a Patent to Speed Up Crypto Payments, Bitcoin Dev Argues It Already Exists

PayPal has filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of payments. Bitcoin expert argues that this is already made possible through existing technologies in the cryptocurrency industry. On March 5, 2018, Cointelegraph reported that PayPal filed a patent with the US Patent and Trademark Office (USPTO) for a technology that is supposed to speed up cryptocurrency payments through the utilization of secondary wallets.

Essentially, PayPal seeks to optimize the process of settling cryptocurrency payments between merchants and buyers, on retail or e-commerce platforms. The secondary wallets of users, as described in the official patent, would allow the unique private keys of buyers and sellers to be transferred behind the scenes, to prevent every transaction from being included in blocks and broadcasted to the public Blockchain.

https://cointelegraph.com/news (https://cointelegraph.com/news/paypal-filed-a-patent-to-speed-up-crypto-payments-bitcoin-dev-argues-it-already-exists)

That news was different from what OP has posted. By the way, this is a good news you shared.  :)

sound good,sure it had huge potential in future, but do all these have bounty program? 😁I'm very interesting

Bitpay is owned by Paypal ??

Wow, this sounds like fantastic news! With a dedicated partnership between coinbase and PayPal, there is sure to be more trust centered around Bitcoin. The more people that begin to adopt it, the higher the market value will grow.

No they are two separate companies.In my eyes,partnerships are useless.I mean,yeah PayPal is now Coinbase/BitPay partner,so what?Don't forget that it doesn't mean that Paypal will adopt Bitcoin or other cryptocurrencies,the proof is that a partnership was already announced 4 years ago as some of you said.

Edit:  :o It's not even an official statement;I would be really pleasantly surprised if it's real

e-commerce services always find good innovation, I think that big e-commerce boss better understands the condition of crypto growth in the future.

paypal helps many people, I think that the prospects of paypal in the future will be better with the crypto world.

This is a good news for Bitcoiners and cryptocurrencies supporters.
Personally I use Neteller because it accepts Bitcoin deposits via Bitpay which makes exchanging BTC to FIAT very easy and doesn't tax high fees.
If PayPal start accepting Bitcoin deposits then the price will skyrocket.

The news came from cointelegraph only? Maybe I will believe it if it will come from PayPal itself. I don't fully believe the news if it only came from cointelegraph and no confirmation from the subject itself. But this news is better than FUD. I hope that PayPal will release their statement about it.

India and China should be removing their ban on Bitcoin.

This is great news for the cryptocurrency. It helps to increase adoption of cryptocurrency in the e-commerce market and transaction of cryptocurrency or bitcoin.

Nice! What a good news!
Hope in August the market will be green again and we'll make profit on that. The market has been in down trend for many months...

why did paypal users fell from 173 million to 143 million   :D

PayPal was always against the crypto currency and never recognized it, but now it seems that PayPal has surrendered and realized that the crypto currency will make it more competition and therefore decided to cooperate.

What a good step for cryptocurrency market,  Pay Pal is one of the most huge payment tool in the world.  I hope this will affect market positive.

This is good, If paypal starts to accept BTC as a payment method then that I think the prices would go up, Paypal is one of the most used wallets out there, it really is good to see that they are in partnerships with Coinbase and the other ones, I think that people will also start to recognize cryptocurrency as well, this is just good news, and I am looking forward for this to happen.

There is nothing left to comment on this now. Op should lock this thread now.

Wow, If Paypal will connect to Bitcoin.. will be good for us.
Because many users use paypal and new users will be use bitcoin too.
Thanks!

Excellent news, I often use the PayPal system for payments, it's convenient and fast, if they add cryptocurrencies, then it will be an excellent service that will attract an even larger audience

Paypal with their strict policy in terns of digital currency is really affecting them in adopting the use of crypto currency into their platform , but they are now seeing the benefit.

Awesome, this steep will take the BTC into new level. Most of the people have PayPal already.  Due to this pragmatic step , BTC will be more easy to buy and sell and definitely users of BTC will increase to fast.

So many "What a good news!" posts here.

I do not think PayPal will accept Bitcoin. So this means that Paypal will never have a partnership with Coinbase, BitPay, and GoCoin. I did not find any information related to this on google. This is just a rumor

I do not rule out that the cryptocurrencys will replace many payment systems. PayPal is no exception to this. We are on the verge of a financial revolution that will change the whole world. I believe in Bitcoin and top crypto-currencies. I am sure that behind these technologies is the future. It remains to be patient and wait. I think the new growth of crypto currency will be very soon.

Good news from crypto world i guess. In the future, everyone will use cryptocurrency and not use fiat anymore, we are slowly towards that direction.
if PayPal start to integrating their payment system with cryptocurrency, then another e commerce platform may follow after.

Although he claimed that he was cheated by someone when he traded his bitcoin through paypal, he kept a quiet and distance himself from the cryptic discussion. Blockchain will still be Blockchain in my opinion, as opposed to dotcoms in that nothing is reproduced, it is a boom that people have taken advantage of but no specific output. create.

I have not been able to speculate too much about this news, I am still learning the truth. and if this is true, there are many positive rumors for this month, I think this will build a lot of trust back for the investor and now growth is starting to improve even though I think it is temporary.

Paypal partnering with major cryptocurrency exchangers like Bitpay and coinbase is a big sign of a bull run of cryptocurrencies this year. There is a prospect paypal is seeing in cryptocurrency that will cause such partnership.

A good news for cryptocurrency acceptance mainstream, that means crypto lovers will much more flexibility in making purchase/services.Everyone will eventually get on the bitcoin train

That's good. many online workers use paypal for online survey,  noe it can also be used at bitcoin

This is a win win for everyone, paypal grows its user base and crypto gets more exposure, just cant wait to see its other retail partners like ebay adopting this technology...... picturing the future this is a big Announcement coming from Paypal hope this isn't all talk to get id excited for nothing.

This is an old news, You can visit bitpay and as you can see they have already partnered with PayPal long ago for purpose of depositing and withdrawing your funds. But in other big sites like coinbase and GoCoin, I have not yet heard if there are developments for PayPal partnership.

This is what the future begins at, this will be going places in the market. This is another potential for cryptocurrencies especially with bitcoins since it is mainly the reason why they let it be, Market will booming this coming days. I think i should use paypal in the next few weeks or months for payment transactions. Paypal realized that cryptocurrency is the best way to make their users back after a fall down :D

I did not find confirmation of this news from PayPal itself. I would like to see this. But if this is so, then this is very good news. If PayPal starts taking bitkoyn, then its course will definitely grow. Let's hope this happens

Yes, I am one of the people who often use paypal, I would be happy if paypal can cooperate officially with bitcoin, because all this time I bought bitcoin through paypal through individual.

Well it really need a trusted person to exchange your money from paypal to other person with exchange of bitcoin, now a days a lot of scammer around, this news is we are really happy because first we could exchange our balance from.paypal using bitcoin. I my self I dont have visa card, debit or credit card so I do rely on paypal to buy somethin on internet and it would really difficult to me to top up my paypal

PayPal long ago for purpose of depositing and withdrawing your funds. If PayPal starts taking bitkoyn, then its course will definitely grow.

Excellent news, which will attract a large number of investors in the market of crypto-currencies. Hence the market will start to grow.

This is a good news for Bitcoiners and cryptocurrencies supporters. If PayPal start accepting Bitcoin deposits then the price will skyrocket. more investors would come into the market for business as the system have been integrated.

If this goes through effectively then the buttleneck in accessing Paypal will definitely reduced as Bitcoin will ensure transparency and increases speed of trasanction. On the long it's a good step taken by PayPal company.

There is nothing good about that :o

Beware of dog!!

Let me get this straight. So PayPal will now be accepting bitcoins? Does this mean PayPal transaction fees will be cheaper? I sure hope so. One of the reasons I’ve been pro-crypto is because of Paypal’s super high fees. Especially with remote work or telecommuting becoming a big thing now, cheaper and faster transactions will be beneficial to workers around the world.