Paypal is growing faster than Bitcoin

[enhu]

paypal is easier to understand for a regular person who just want to buy and check out on amazon or any other huge ecommerce site, they should be better. so just wait till someone sends them paypal funds and file a dispute to to them and these people will eventually look for a better option such as cryptocurrencies.

[AzN1337c0d3r]

Exactly. Paypal's fees are a lot bigger that those of bitcoin. Paypal steals more and that way it grows faster.

[andycarrol]

Exactly. Paypal's fees are a lot bigger that those of bitcoin. Paypal steals more and that way it grows faster.

yes right, paypal security is very bad, even as easily stolen, I see a lot of groups on facebook Ca * ding paypal, so easy person to get another person's account balance is enormous.

[xdrpx]

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.

[Snorek]

Exactly. Paypal's fees are a lot bigger that those of bitcoin. Paypal steals more and that way it grows faster.

And yet people are willingly giving their money to PyaPal and don't care about the fees. Isn't it a contradiction? I think bitcoin inertness is caused by its decentralized nature.
We collectively don't care about future and consumer adoption, we all care about here and now and how bitcoin price can be higher without actually doing anything to upgrade BTC!

[johnyj]

This is similar to say: The number of people travel by train is growing faster than number of people travel by car  

[randchingo]

BTC is much more unique compared to PayPal, it is a complete payment system rather than just a website. PayPal is bigger because it's way older and got attention over the years, as soon as BTC reaches it's amount of popularity it can easily surpass it.

[BitMaxz]

For me paypal is growing faster than bitcoin because paypal is safe than bitcoin and paypal are using usd or main currency and i think many company are using service of paypal like PTC site CPA network or PPD and also company that you can buy online like ebay amazon etc.
However bitcoin is easy to use but in bitcoin world they are anonymous and you will be scam anytime because you cant reverse the transaction than paypal that you can dispute if you are not satisfied or the product is not good as he promise.
So people will choose paypal than bitcoin thats why they are growing fast.

[LiteCoinGuy]

http://fortune.com/2016/01/13/paypal-adds-wences-casares-to-board/

[bearex]

Yeah, i have seen more and more stores that only accept paypal. Not even CC, only CC through Paypal. I dont like it however, because it banned me.

[mixan]

You know why PayPal is growing faster than bitcoin? Because it is a company with goals, contracts, budget for promotion and advertisement.
While bitcoin is like ship without a captain, drifting around in random direction, no plan, no will to evolve. Of course PayPal will win.

Bitcoin doesn't have a captain, but it has so many crews that more loyal than PayPal's crews.

Not when paypal has enough capital to buy out those loyal crews for themselves. 
There are a lot of sell outs as of late from the bitcoin founders association. Latest acquisition was the ceo of xapo  Fernando was sending apps to play for xapo customers last week now he is directing at paypal.

[countryfree]

This is similar to say: The number of people travel by train is growing faster than number of people travel by car 

I don't see the relation.

Exactly. Paypal's fees are a lot bigger that those of bitcoin. Paypal steals more and that way it grows faster.

And yet people are willingly giving their money to PyaPal and don't care about the fees. Isn't it a contradiction? I think bitcoin inertness is caused by its decentralized nature.
We collectively don't care about future and consumer adoption, we all care about here and now and how bitcoin price can be higher without actually doing anything to upgrade BTC!

That's my idea. There seems to more bitcoiners concerned about short term profit, that is a rise of BTC's price, than long term, which means upgrading bitcoin core, the network, everything so that the number of transactions can be increased exponentially without hiccups. The network handles 200,000 transactions each day, this is small. Very small considering there are over 7 billions people on the planet.

[eternalgloom]

Paypal is just more user friendly and has a long history behind it, you see their logo on so many sites and this has been so for many years.
It will take time, for one, to attract more users.

Maybe some revolutionary service will pop up with a big marketing budget and spread the word that way.

[johnyj]

This is similar to say: The number of people travel by train is growing faster than number of people travel by car  

I don't see the relation.

You don't see the difference between train and car?  

Besides, Paypal does not move money at all, all they do is moving numbers of the client's account, like an exchange do, all these account are just some database without any money in it

[Hash72]

For me paypal is growing faster than bitcoin because paypal is safe than bitcoin and paypal are using usd or main currency and i think many company are using service of paypal like PTC site CPA network or PPD and also company that you can buy online like ebay amazon etc.
However bitcoin is easy to use but in bitcoin world they are anonymous and you will be scam anytime because you cant reverse the transaction than paypal that you can dispute if you are not satisfied or the product is not good as he promise.
So people will choose paypal than bitcoin thats why they are growing fast.

This.

Bitcoin may be 'safer' and 'cheaper' than PayPal but PP is basically USD whereas bitcoins are just numbers to people and easily gambled or scammed away - not so safe. I know I learned this the hard way.

PayPal is basically a coinbase and could easily implement BTC into their system if the market became favorable. As for now, too volatile.

[TastyChillySauce00]

This one happen probably because so much merchant accepting paypal

[kevin go]

This one happen probably because so damn much merchant accepting paypal and if bitcoin do so,no doubt bitcoin will be grew up lot faster

agree with you.. btc not as famous as paypal, all merchant still dont know about btc i think.if all merchant accepted btc im sure paypal will be useless
bcause btc got a low transaction fee and easy to use
hope bitcoin will be grow faster

[Yakamoto]

This one happen probably because so damn much merchant accepting paypal and if bitcoin do so,no doubt bitcoin will be grew up lot faster

agree with you.. btc not as famous as paypal, all merchant still dont know about btc i think.if all merchant accepted btc im sure paypal will be useless
bcause btc got a low transaction fee and easy to use
hope bitcoin will be grow faster

As I've said before on other posts, PayPal and fiat money will always exists because of its convenience.

Bitcoin benefits merchants because they have to pay fewer taxes or fees on their income, because they can manage their own funds. It also allows for similar benefits for consumers.

Bitcoin will grow if it continues to gain value and get good things said about it, coupled with education about the current financial system.

[bitbaby]

Well you'd have to take all the things into consideration, Paypal is accepted at more online stores than Bitcoin FOR NOW, and most of those 16 million users you mentioned must have probably joined Paypal because they wanted to purchase something from Ebay or other online stores where Paypal is available.

And as Bitcoin gets accepted at more stores worldwide the number is going to increase further more.

Also, for now it is easy to exchange fiat money to/from paypal but it is still a bit difficult doing that with BTC, so we need to focus more on making it easier and SAFER for people to buy/sell BTC.

[diodio5]

This is similar to say: The number of people travel by train is growing faster than number of people travel by car  

which is the train ? paypal ?
I think the notion of Paypal is growing faster than Bitcoin is wrong.
I used is a blogger, and payapl it obligatory, but now many bloggers are turning seek bitcoin, it is the proof