Paypal is growing faster than Bitcoin

[romero121]

There's another topic comparing the 2: https://bitcointalk.org/index.php?topic=1260666.0

The subject here is that between 2014 and 2015, Paypal gained 16 millions new users (https://www.paypal.com/us/webapps/mpp/about). There's no way to be sure as it's impossible to count how many users BTC has, but I believe it's more than BTC. Much more. So I'm asking why? And ultimately, what can be done to reverse this trend?

Since BTC is cheaper to use, I guess Paypal is more successful because it's better at making its users feel safe, without any dark cloud/block size issue above their heads.

I sincerely believe BTC's one hundred times better than Paypal because it's a currency, and unregulated, but something clearly has to change. I've been here long enough to remember guys writing that BTC would kill Paypal, it hasn't, and it doesn't look that it will.

agree more with your observation. As a seller i would accept bitcoin quietly, but as a customer i would prefer pay with paypal because I fell 'more' safe paypal as it would refund in case of problems with the transaction

Paypal is growing as it has provided secure return back policies, which has not been yet experienced in bitcoins. Paypal also giving ads along with its engaged business firms. This provides better growth to paypal than bitcoins

[ultimatesky]

Paypal is growing faster than bitcoin but that is because there are many sites that accept PayPal While Bitcoin has only a few websites that accept the payment method.
But maybe in the future Bitcoin will take over the world, It gets bigger everyday.

[TastyChillySauce00]

Paypal cant be compared to BTC , because BTC gives you easiness while PP sometimes give you headache

didnt feel headache when using paypal, but some of my friend say that paypal easily can be stolen its credit by hacker when you wrongly fill in your data on random sites,but PP will make your transaction harder to do when they smell abnormal activity from your pc

[calkob]

theres a massive differance between the two, 1 is a massive centralized business who deals in Iou's and can at any time stop you getting your money.

The other is a decentralized, peer 2 peer network that allows its users to have control over their wealth and spend it at will. 

[diodio5]

Paypal is growing faster than bitcoin but that is because there are many sites that accept PayPal While Bitcoin has only a few websites that accept the payment method.
But maybe in the future Bitcoin will take over the world, It gets bigger everyday.

every time I go shopping. I several times found with bitcoin as payment method, in contrast to a few years ago, which is still very little

[justspare]

That is because Paypal requires fiat, if Bitcoin did as well, it would grow just as fast. You can't compare the two.

[ThunderThomas]

Paypal cant be compared to BTC , because BTC gives you easiness while PP sometimes give you headache

I think you can compare them, they are both payment methods.
both getting bigger nowadays, Paypal is more used and easier than Bitcoin in my opinion.
Because its a better system for websites and used on many websites.

[funkenstein]

So how many people are paid in paypals and how much is one paypal worth? 

Srsly, this is like saying that AT&T is growing faster than Telephones. 

This comparison is quite valid. This is saying that AT&T is getting a bigger share of the market, and this is what's happening with Paypal. it's getting a bigger slice of the pie, meaning that compared to it, BTC is shrinking. No good news, really, but I understand it so well. With the block size issue unsolved, nobody wants to bet on BTC.

AT&T is getting a bigger share than telephones?  Is General Electric in competition with electricity?   How about: is Microsoft in competition with C?   

What some people seem to fail to realize is that PayPal and BitPay and Visa - (all payment service companies) - can work with bitcoin just exactly as easily as they can work with funbux and yuros.

What's next, paypal growing faster than the ren ming bi? 

[mamadmankan]

Paypal has a lot of restrictions with withdrawals and deposits atleast where I live. I also have to link credit card details to be even able to shop anywhere outside my country. I think the concept of growing faster here is just making it look more primitive considering the restrictions it has due to regulatory pressures. Bitcoin without regulation is out of those pressures and is easy to spend and receive with.

[mtnsaa]

Hopefully with the signing of Wences Casares from Xapo to Paypal's board we could see a perfect integration of both Paypal and Bitcoin in the near future. This will open the door for an amazing grow, imagine how easy would be to obtain Bitcoin, and even sell it. All eBay products would be at hand and many more stores will follow since that will give a lot of legitimacy to BTC.

[kanazawa]

Even with BTC been more cool, etc (thousands of arguments) it is all about acceptance...

I can recharge my cellphone credits with paypal, and I'm in a country of shit.
Here you can link your paypal acc with almost every ecommerce webpage, and you can link your paypal to your CC. This makes the usage very "strong".
But I think BTC is just a step back, again, it's a matter of acceptance -- this is what makes a coin strong, like the us.dollar is much more valuable than argentine peso or any shit coin from some communist/socialist country.

BTC is very close to this point of acceptance. Paypal is a little older than BTC.

BTC is becoming much more interesting and wider than anything else.

 

[altcoinUK]

There already has been such discussions and everytime I choose Bitcoins over paypal for the "N" number of reasons.Low fees,easiness,anonymity and fast transactions are few to be mentioned.The simplest reason I could point out is the service fees for my country's Bank Transfer.I'm not from the US or the Uk ,when I try to send the paypal amount in my bank accounts I get ripped off by the service fees its like almost 30% .Also,who wants to submit documents publicly on the internet ? BTCBitcoins forever!

WTF?

Paypal is easier to use and faster than Bitcoin. The anonymity nonsense about Bitcoin is another myth. Of course Paypal is not anonym as well, but terms of privacy offers lot more than Bitcoin which by definition registers all transactions in a public ledger, and therefore never offered anonymous payments.

No wonder after 6 year media hype, endless media coverage and hundreds of millions venture capital investment in BTC startups Bitcoin total active user base is well less than a million - the volume of a second grade social media web site. Until the vocal BTC supporters will be uninformed and naive users like this one then Bitcoin has no chance to be more popular.

[knowhow]

Even growing in numbers of costumers doesnt mean they are trading or buying and selling more,for me means more people willing to use internet to shop,and the most shops use paypal at the moment and credit cards,bitcoin hasnt became yet an option on there.