Bitcoin Forum

Is it possible that in future Bitcoin will connect to PayPal?
PP is not that much regulated by government, all they care about is profit so I personally think it may happen.
That'd be huge revolution, PayPal would introduce Bitcoin to the world.

What you think about it?

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From where you got that? Paypal is heavily regulated like any other payment processor, but Paypal is pro active and well above all others. Paypal will never implement Bitcoin in its system. Why including something 'pseudo-anonymous' while their motto is strongly avoiding, money laundering and so on. Maybe a 3rd Party will use Paypal (like Coinbase tried) but not vice versa

As  LeGaulois stated, PayPal is an actual bank.

There are very profitable as is, and have no real incentive to do anything in relation with bitcoin.

Actually doing so would force them to be more strict regarding regulations and such due to hard legislations on bitcoin.

If there is no deal for them to make, it won't happen. Easy.

Not sure why you even think this OP, paypal wants nothing to do with bitcoin.  Also if you have a dispute in regards to a crypto transaction you will never win it.

This may progress in the future since they both share the same aspect and that is to avoid any government involvement in their transactions.

I think it crazy idea, as op said paypal is heavenly regulated and obviously bitcoin ethusiasm are not patronage that ideas because anonymity is more important from the bitcoin holders.

It can be possible since some other business are already accepting bitcoin and yet they are regulated by the government. If Paypal wont adopt cryptocurrency then I guess its time for Utrust to dominate the market, using their own technology and can really beat Paypal if ever. There are some good project that works like paypal, so there's nothing to worry about that and the future is still ok for cryptocurrency.

bitcoin will not "connect" to anything ever, specially when that thing is 100% centralized. the only thing that can happen is if that centralized service (in this case Paypal) started adopting bitcoin themselves and accepted it in their platform.
in this case Paypal will some day start letting people convert their paypal dollars to bitcoin and vice versa because they will have no other choice if they want to stay in the game. but it will happen many years from now when we are closer to mass adoption.

of course that is so possible, PayPal is digital currency but not cryptocurrency because it don't use blockchain technology.
if Bitcoin can connecting with PayPal that mean we are more and more closer to the time when cryptocurrency can use in real world.
let's see what the future waiting for us.

Bitcoin and PayPal is have a different system, so i think that is impossible to make it connected.
it all is same digital currency but PP is wallet for real currenct and Bitcoin is once of cryptocurrency.
Bitcoin is using blockchain technology and PayPal is not using it, so how can it connected.
it is impossible for me.

This is the most stupid statement I've read for a long time on this forum.
OP,are you a complete newbie or what?
It would be better for the crypto community to stay away from corporations like PayPal.A lot of noobs might be excited to use PP,just because they've implemented crypto(which will never happen in the real world),but all PP wants is complete control over digital payments.This is against our believes.

paypal is going to use libra soon. because of regulations i don't think they would integrate btc in their system, but if libra goes to exchanges this will be a way to convert money from paypal to btc

PayPal is as regulated as any other payment processor, credit card company, banks,... can be regulated but that is not a reason for why or why not adopt bitcoin for them. I believe they will first create their own cryptocurrency just like what Facebook did and will try to compete but fail in a very short time (like less than 3 years) and then they will all eventually do that because that is the direction in which the world is going with or without them.

PayPal is a payment processor and they are knee deep into partnerships with Banks, so why would we team up with the competition and why would PayPal risk their partnership with Banks <Credit card companies> to partner up with Bitcoin?

The other problem is that most countries does not define Bitcoin as a currency, so there will be regulatory challenges too, if they did that and they will use this as an excuse not to do this.  :P

Thats pretty much what I meant.
PayPal may even become some kind of crypto wallet.
Who knows, maybe in like 10 years world won't use fiat but cryptocurriences only, so PayPal and other companies will have to accept this in order to "stay in the game".

No way. Bitcoin is decentralized. So no one can control it. But if Paypal wants to integrate with BTC, it may happen. But there will be no connection between them.

Actually I don't agree with you. If your idea were true, everything went bad. This would hurt Bitcoin so much.

PayPal might be a private company but it still needs authorizations from governments and central banks, since it is linked to your bank account, i really think in a situation where cryptocurrency becomes a trend and a lot of people start using them, PayPal will just create their own coin just like Facebook is doing right now and the same as probably all the other companies, but in a situation where bitcoin becomes accepted i don't see why they won't some other banks and payment systems are already doing it like Neteller.

Bitcoin & Paypal will never work together mark my words

They are already getting linked. It is no secret that traders have used paypal to trade crypto for a long time, almost as soon as BTC started taking off in 2012.. but now PayPal is in talks with Libra to be part of the founding 28 companies. So this is their direct entry into the crypto space.

In that way, you could technically convert your BTC to Libra, and then go from Libra to PayPal (if supported), so it's definitely going to make things easier. I doubt it'll be possible to go from PayPal back to Libra though, due to risks of fraud.

Says who?

The fact that paypal wants to run a Libra node means they want to make money with it, as an investment. It doesn't mean by any mean that they will support that currency itself on their banking service.

Bitcoin and PayPal are two different types of platforms. There are many similarities to the two platform. Especially the transaction. So they're one but not one. Easy to connect them but not for a moment. You see Etherium like a bitcoin. But do not connect Etherium with Bitcoin. So do not connect Bitcoin with Paypal. Only the exchanger is connected to them.

You can sell Bitcoin with Coinbase for Euro and withdraw the Euro to PayPal
PayPal has bought some years ago the Braintree payments that accepts card payments and Bitcoin payments.

maybe the connection between paypal and bitcoin can happen, I think this is one connection that might have positive and negative sides. but I think this is one of the best digital technology collaborations if it is mutually beneficial and beneficial

I don't see this become a reality, but even if it did, the route you are talking about to convert Bitcoin is inconvenient and would subject you to extra fees unnecessarily. Not sure why you made it sound like a great thing.

I also don't get why people are so focused on PayPal. They complain about Bitcoin's fees being like $1-$2, while PayPal charges you even more in fees but they don't complain about this.... It just doesn't make sense.

I sent a PayPal transaction valued at $30 last week to someone from another country and the fee for this friends and family payment option was just over $3. In other words, 10% of the total transaction value.

Unlike some others, I don't think this is an idea taken out of thin air. In fact, there has been news related to Paypal, crypto, and Blockchain in May 2019. However, I don't think they suggest that PayPal will adopt Bitcoin or something like that. As you can see from this (https://cointelegraph.com/news/paypal-cfo-says-firm-not-interested-in-crypto-sector-right-now) article, PayPal is too afraid of volatility and is not willing to risk the kind of stability they currently have. At the same time, it seems like while they don't trust Bitcoin, they see the potential of cryptocurrencies, as well as realize the benefits PayPal could have from adopting Blockchain: https://www.ccn.com/paypal-skips-bitcoin-while-clearly-working-on-blockchain-and-cryptocurrency/. It's just that they are waiting to see whatever wins of this young market. and then they are willing to work with that.

I don't know how it will connect I'm using PayPal and Cryptocurrency and they are like  world's apart, you need to verify your account on Paypal by providing KYC and you can also use one account, it's heavily centralized all actions are monitored, whereas on cryptocurrency you are your own bank, you cannot chargeback.

Actually Bitcoin is not a platform :) Bitcoin's Blockchain networks can be accepted as a platform.

And there are no similarities between these two things. Paypal uses basically USD (which belong FED), Bitcoin is money itself. Paypal can be called some type of bank account, but Bitcoin is a cryptocurrency. And it backed by blockchain. Has an algorithm. Paypal has nothing but record. All this record keeping by Paypal company.

And I think you couldn't tell what you think to us. I can't understand what are you really mean.

Paypal has strict policies regarding crypto currencies. They dont accept the use of bitcoins on their platform as a mean of any transaction.

maybe later PayPal will also follow the changing times more and more people are making transactions using bitcoin and that paypal will be able to compete

Of course, that can happen. For now, Bitcoin and cryptocurrency are not yet mature and still need to be developed. But most likely Bitcoin will be able to connect with Paypal in the future.

May be in future it may possible.. but there are very low chances of this.. because paypal are changing day by day.. so it is little difficult..

There is no limit with bitcoin and cryptocurrency.
PAYPAL, WESTERN UNION and other services with money or even banks.
They will be connected with bitcoin in the near future. this is how technology move forward.

Yeah i also say that bitcoin  should connect paypal.. it will convenient  for us.. we can easily withdraw through paypal.. so lets hurry uply connect bitcoin with paypal..

I don't think Paypal will connecting with bitcoin, but that could be possible if bitcoin can be accepted in many countries. I think Paypal will integrate their system with bitcoin if they think that they can get the advantage from bitcoin. Maybe they now are still learning more about bitcoin, and they will announce to their member if somehow they are connecting to bitcoin. But the chance for bitcoin to be used by Paypal will bigger as they can reach more customer from the crypto member if they are integrated into blockchain technology.

1. Paypal co-founder thinks Bitcoin's a scam.
2. Paypal has allowed its merchants to accept Bitcoin at least since last year if not earlier, so they're not totally against it. Why would they be? Tried to fight it before, but now it knows it can't be stopped.
3. They actually announced Bitcoin acceptance back in 2014, same as above point actually but it didn't work out.

Note: this is all with 3rd party payment processors of course.

I don't think so. Paypal is very government friendly service.It works like as one of the hand of government.Do you think they allow bitcoin to enter their platform? No never.They will never do that.Also when paypal service give their service (send and receive).They highly watch about their law system supporting to International law.So bitcoin?never.

You talk about money laundering but look a tall the scams involving the chargeback option? I don't like that if I am paid I may not actually be paid and a chargeback can be made. With bitcoin, I am paid it is permanent and I don't have to worry. I also use bitcoin to buy things so from that side it is easier too. It works much better than paypal and have you seen the fees merchants that use paypal use? Like 7% ?? That is insane.
Btw money laundry is mostly done through fake business fronts and companies and not through direct currency distribution or trade.

Yeah but if they adapt their platform or part of it to run using blockchain it would be extremely valuable for them in the profit side and extremely valuable for the advertising of the technology itself and the possible implementations of it in the future.

I believe that it is not only possible but the possibilities of it happening during any point in the future are pretty high taking into consideration the growth over time Bitcoin is having and will have.

I do not know I do not think it will happen, even though paypal is not connected with the government, but I don't think Paypal will choose a decentralized currency. If they will choose Crypto to connect to their service, maybe they will choose some centralized coins like Ripple or Libra.


Sure enough, bitcoin is not in accordance with the motto and some regulations issued by Paypal. And both of them will never be connected directly except through third parties.

I don't think so, I used Paypal for a long time, but now I pay my services in BTC or another coin, is cheaper than Paypal because I only pay the transaction fee, when it comes to paypal the seller rise the price of their products to pay the fee to paypal and I have to pay some aditional taxes with my credit card

You see? They are competitors, so no, paypal will not add btc

I hope you're right. They will profit running libra's nodes, ofc not only paypal but other big tech were waiting to see how to take advantage of this market, since they already have a great influence power over their audiences and can use it to bargain.

Where did you get that Paypal is not regulated by the government, they are paying taxes to the government, they are operating on government conditions and they have licensed to operate from the government where they have jurisdiction, introducing or promoting Bitcoin by Payla is not going to happen, they would have to change the whole structure of their terms if they are going to integrate Bitcoin to their system.

PayPal and Bitcoin network don't work well together, so it can be a bit tricky to buy Bitcoin or other Cryptocurrencies with PayPal.
Bitcoin transactions are irreversible, while Pay Pal supports chargebacks. This makes it relatively easy for someone to buy Bitcoin with PayPal, complain that they never received the goods and ask for a chargeback.

Where and how to buy Bitcoin with PayPal?

The popular options arranged from least to most complicated are:

1. Local Bitcoins and Paxful: Buy Bitcoin peer-to-peer with PayPal. There are no limits other than those set by the seller.
2. xCoins: Use PayPal to buy up to US$1,000 in Bitcoin per transaction.
3. VirWox: Use PayPal to buy up to €1,000 in Bitcoin per 24 hours,  up to  €10,000 per month. Its fiat currencies are EUR and USD.
4. CRYPTONIT: Its deposit methods include Advance Cash and Wire Transfer. BTC, ETH, ETC, ZEC are its supported cryptocurrencies.

From my point of view, you got it wrong. Since Paypal is used as a medium of transaction to mostly online jobs, the company itself is regulated by the government. It is also impossible that Paypal will increase the dominance of bitcoin because users of Paypal are obliged to use dollars and fiat money to do transactions. Lastly, you should consider the cryptocurrency Libra which was urgently sued by governments.

Bitcoin & PayPal 2 different payments media. Governments are not controlled by 2 mediums, but government intervention on PayPal. Bitcoin transactions can not predict the government. In that case, the government and we both will benefit if we can pair two together. It is not possible without a big revolution. And the revolution will help Bitcoin to stabilize its value and price.

however, it does not rule out the possibility that PayPal will add the Bitcoin option there, because competitors are continuing to advance to modernization. Previously PayPal also got the same intimidation when they first appeared, but in reality now it is very different.

It is impossible that bitcoin will add on Paypal as a currency because PayPal was highly regulated by the government and they don't get involved in money laundering. Maybe it will be applicable if they have a third-party option but still, bitcoin is anonymously and Paypal is kind of bank and also they want regulated currency.

-as PayPal says:

There is no way to save Bitcoin directly on Paypal. But there are a number of solutions to safely save Bitcoin on Paypal. If you have Bitcoin, you can easily exchange it for banknotes and withdraw funds to your credit card that is connected to your PayPal account.

Not only PayPal, in the world has many internet payment development companies and like any big company or corporation what they are most interested in is still the profit, like paypal. however, their activities in the field of online payment or any other,  they  are still managed by the government. So do you think they can do the opposite with the government? In addition, there is currently no information about any crypto trading platform that cooperates with paypal.

I believe that in the future it is quite possible. But PayPal is controlled like other payment systems, so now it’s hard to imagine that they implement Bitcoin into their system. But in the future, if the governments of different countries will be more loyal to cryptocurrencies, I think everything is possible ;)

I think under the weight of public opinion and the popularity of Bitcoin and other digital currencies - this is quite possible. Given the speed of transactions and payment processing - it will be much more convenient.

Paypal has something to do with the banks and the banks do not want a decentralized cryptocurrency. Meaning, it will only be possible if the banks are going to change their stance on cryptocurrency and accept bitcoin. But for now, bitcoin is not yet widely accepted in those institutions so they will say no to it.

The benefits of bitcoin are increasingly apparent and bitcoin is indeed proven to provide convenience in terms of financial transactions. I think someday bitcoin will be connected with PayPal. PayPal will later introduce bitcoin to the world. When this time comes, there will be many people who switch to bitcoin. The ease and speed offered by transactions using bitcoin is an added value that does not exist in fiat currencies. I think bitcoin and PayPal will be a harmonious combination in advancing the world economic system.

Bitcoin storage on paypal is not the best, I think maybe the money from the sale of bitcoin will be stored in Bitcoin is a good choice. and it can be connected to a debit or credit card

Paypal is going to be working with Libra project. If we BTC users can use Libra then its possible that we can buy Libra coins and put to paypal funds. That's the easy access if I have to think about the connection of parties but that ain't confirm. You would despise the system if you are into privacy but that's just how they monitors things. If you aren't bother about privacy, its a convenient for you to use the system.

I really think that there is no way that Paypal will ever accept bitcoin.
It's already well known in the mlm world that Paypal also ''don't like'' mlm programs and many times blocked accounts from mlm companies.
So, if they don't want to accept mlm, I don't think they will change their strict policy because of crypto.
Also, they have to follow strict rules and regulations in USA connected with ''money laundering''.

What's the sense of connecting your Bitcoin to another payment system when a lot if people are already using BTC to Paypal or vice versa as a mode of exchange and payment. Surely if Paypal did some kind of BTC conversion or in-app exchange on their own their own the rates would be on their side and I'm sure Paypal users would still opt out on buying to 3rd party sellers at the end.

Do you mean PayPal will start implementing the blockchain in their system? If that's what you mean, then yeah probably.

That is exactly what differentiates this huge company to Bitcoin. Paypal does indeed not care about the revolutionary idea of Bitcoin, and that is why they are never supposed to be fused together.

Bitcoin has been enough introduced to the world even without the help of PayPal. We are good on our own.

For now it can't, and for the future maybe not. The Paypal system is quite sensitive actually, they have to verify whether the funds you are going to transfer and the funds that you will receive are really legit or not. Not the result of fraud or the like. I don't think anonymous bitcoin will be accepted by them

No it's imposible to connected, different thing paypal and bitcoin.
This posibble I thing paypal can do convert it fiat into bitcoin and use third party to do this like coin base or any. then, withdraw your fiat paypal into your bitcoin wallet and covert it. this is need hugh fee and much time to do this.
Well, i thing Libra will conected into paypal are possible thing because they invested

It will be good for all if connected with Paypal as currently, BitPay alone is accepting BTC. PP is not completely held by the government, so they can take this step by finding the absolute solution to avoid the scams and fraud intensity.

This will remain a forever dream if you push mate,because nothing in general that this ca be possible

Just like everyone says above that PayPal is anti money laundering and Bitcoin is a different thing from that since the decentralization matters here.

Maybe some altcoin will do but Bitcoin will not

You are not doing research, Paypal is highly regulated you cannot even use paypal when you are not a verified user they will even call you to inquire and to ask for proof that what you've sent them are real information in your documents, government is heavily taxing Paypal that is why they keep freezing those accounts that to steal to their clients and pay government their dues.

I don't know too much about the rules of paypal But I still think they will not have a connection with Bitcoin because their headquarters are in the United States and the United States is always very afraid of the arrival of bitcoin to people in their country, they will definitely manage this issue and of course paypal will not want to stick to the government, too much trouble. Instead of looking for trouble, they will have simpler solutions such as not connecting or participating in bitcoin