Bitpay/Coinbase will replace Paypal/ViSA some day? BTC platform kicks out ebay?

[bryant.coleman]

The Bitpay / Coinbase competition is really picking up now. Earlier Bitpay was leading with more customers than Coinbase, including some of the big names. But now, with the addition of DISH and Expedia, Coinbase has overtaken Bitpay.

[zyhsu815]

The Bitpay / Coinbase competition is really picking up now. Earlier Bitpay was leading with more customers than Coinbase, including some of the big names. But now, with the addition of DISH and Expedia, Coinbase has overtaken Bitpay.

thanks for your remind,i updated my thread.

[zyhsu815]

The Bitpay / Coinbase competition is really picking up now. Earlier Bitpay was leading with more customers than Coinbase, including some of the big names. But now, with the addition of DISH and Expedia, Coinbase has overtaken Bitpay.

This is our tomorrow:
"Receiving bitcoin payments is completely free on Coinbase.

If you decide to cash out your bitcoins to a bank account we charge a 1% fee — but only after your first $1,000,000 in sales.

Volume discount pricing is available if you're processing more than $1,000,000 per month."

PP is dead.We must protect our profit...........say no to rude rubbers.

[ljudotina]

As i said many times before. It's great deal for sellers, but there is problem on buyers side which is "no protection". Once they get that going, they will overrun PP. As long as they dont get that, PP is in huge advantage. Why? Well simple, business is where buyers are, not the other way around.

[bryant.coleman]

"Receiving bitcoin payments is completely free on Coinbase.

If you decide to cash out your bitcoins to a bank account we charge a 1% fee — but only after your first $1,000,000 in sales.

Volume discount pricing is available if you're processing more than $1,000,000 per month."

PP is dead.We must protect our profit...........say no to rude rubbers.

OMG! This is super-cool! They are giving discounts to the retail giants, and at the same time, they are waiving fees for the smaller merchants. Are there any similar discounts for the Bitpay customers?

[zyhsu815]

The Bitpay / Coinbase competition is really picking up now. Earlier Bitpay was leading with more customers than Coinbase, including some of the big names. But now, with the addition of DISH and Expedia, Coinbase has overtaken Bitpay.

thanks for your remind,i updated my thread.

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[zyhsu815]

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[BTCisthefuture]

I don't believe bitpay/coinbase will "replace"  any of these large companies that were listed in this thread.  They will most likely co-exist.  More likely than not these large companies will be adapting bitcoin or their own forms of cryptocurrency.   They only way I see them getting "replaced" is if they never adapted and implemented the benefits of cryptocurrencies into their services,  but from recent press interviews and statements its becoming obvious these companies realize they will need to adapt and they see a future with bitcoin or other crypto currencies being implemented into their existing services.

[JorgeStolfi]

Already the Bitcoin transaction volume is approaching that of the Paypal.

I suppose that you mean the daily total bitcoin transaction volume, as provided by blockchain.info in their charts page. (equivalent to about 40 million USD/day, last time I checked)

Well, it is not clear how much of that is commercial payments (BTC changing hands in return for goods or services), how much is financial (people exchanging between other currencies and bitcoin) and how much is "fake" (bitcoins being moved between addresses that belong to the same person).

I see signs that most of that volume is "fake"; which would not be surprising, given that address creation and bitcoin transfers are still free.  One person could generate all that volume with a script that moved 1000 BTC between his own addresses every 20 minutes or so.

On the other hand Bitpay claims that they processed payments adding to 100 million USD in the whole of 2013; that may give a rough idea of how much bitcoin commerce is going on.

[Fishbones78]

Paypal is a con, if you sell something on ebay, they TAX you for it. Then, PayPal TAX you when recieving the payment. Im pretty sure taxing twice is illegal?

Bitcoin can power the future, as long as nothing bad happens :p However, i dont think bitcoin will ever REPLACE.

[JorgeStolfi]

Paypal is a con, if you sell something on ebay, they TAX you for it. Then, PayPal TAX you when recieving the payment. Im pretty sure taxing twice is illegal?

Not if they are different taxes... in the US, eBay may charge the local Sales Tax (plus their fees).  PayPal may charge some other money transmission tax (plus their own fees). 

[Fishbones78]

Paypal is a con, if you sell something on ebay, they TAX you for it. Then, PayPal TAX you when recieving the payment. Im pretty sure taxing twice is illegal?

Not if they are different taxes... in the US, eBay may charge the local Sales Tax (plus their fees).  PayPal may charge some other money transmission tax (plus their own fees). 

Ah okay, thanks for letting me know before i make a fool of myself somewhere else on the internet

[JypsiCreme]

I'm sure the owners of both companies will tell you they wish to concentrate on their core businesses and are too busy right now to make something that large happen, but in principle you're right.
If they did something like that, it would blow the doors off this Bitcoin thingy and their businesses.