Bitcoin Forum
June 23, 2024, 03:21:38 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2015-09-16] PayPal to Reclaim Stake in US Online Gambling from Bitcoin?  (Read 362 times)
tyz (OP)
Legendary
*
Offline Offline

Activity: 3360
Merit: 1533



View Profile
September 16, 2015, 11:25:39 AM
 #1

PayPal has recently announced their return to the U.S. online gambling scene, as the company will once again be facilitating deposits and withdrawals by these websites. Is this a move to reclaim the market share they lost to bitcoin exchanges?

http://www.newsbtc.com/2015/09/16/paypal-to-reclaim-stake-in-us-online-gambling-from-bitcoin/
Echye
Full Member
***
Offline Offline

Activity: 149
Merit: 100


View Profile
September 24, 2015, 08:32:08 PM
 #2

Sure it is, and tbh it would indeed take away a big ammount of new people interested in bitcoin only because of the gambling freedom
jbrnt
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500



View Profile
September 24, 2015, 08:55:40 PM
 #3

Quote
Recall that PayPal prohibited the use of its online payments platform on U.S. gambling websites back in 2003 when it formed a merger with eBay

PayPal was out of the online gambling industry for more than 10 years? They will have a difficult time gain market share now. Players have been used to credit cards and more sites are accepting bitcoin. What advantage does PayPal have over credit card and bitcoin? Lower their fees and they might have a chance.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!