Bitcoin+Paypal=death of fiat

[PakistanHockeyfan]

We still need fiat. When we sell or bitcoin, where does it go? Where is it transfered to? We can't just sell it to thin air. Once you think about it, Bitcoin actually makes Fiat stronger. It gives it more flexibility to earn it. Once you take btc to Fiat, that's it. You're done. They have the right to tax it, and so on.

[gkv9]

Hamuki I challenge you to do your grocery shopping every day for a week with your Xapo debit card and I will do mine with my bank debit card and at the end of the week we will compare who has spent more on colossally stupid fees and I am 101% sure that would not be me. We are all Bitcoin users but don't be overzealous over Bitcoin please.

Btw my debit card has $0 annual fee and it costs $0 to be issued  

That's true...
But combining it with PayPal doesn't make any sense because PayPal have their own terms of service, and the worst thing I feel about them is, they charge a lot and there is a disadvantage for sellers called "chargebacks"...
Due to this, I am with Bitcoins alone, and BTC alone is better than PayPal...
And no, BTC and PayPal even together cannot fire fiat out of the world as it has been used since decades, so it isn't so easy for anything to just kick it away... It might be in the future, but that future ain't near yet...

[angaper]

Well, actually PayPal is just an additional way to manage the fiat, it is not as revolutionary as the bitcoin concept, in that case I would think that neteller is even more advantageous than PayPal,  but everyone is free to choose his preferred fiat-based payment system.

[iram66680]

I hate PayPal's high fees for using fiat currency. Can you imagine how much those fees will be if they ever start to accept bitcoin for transactions? You would be paying miner's fees plus theirs. There won't be anything left of your sent amount if that is the case. To high a price if you ask me.

[Monnt]

PayPal is a proxy for fiat. I don't get what you're saying.

If bitcoin became widely accepted, it would definitely be the end of fiat as we know it, or at least fiat will be slightly different.

[CiaraB]

I got a xapo debit card because i earn Bitcoins for living.

Xapo cards? I don't think you're actually spending bitcoin with these if you can spend it at vendors that don't accept bitcoin. I think this is a case of the company basically having an amount of cash to the equivalent of you're bitcoin in an account. Sort of like buying your bitcoin as you purchase goods and services.

[lumeire]

Hamuki I challenge you to do your grocery shopping every day for a week with your Xapo debit card and I will do mine with my bank debit card and at the end of the week we will compare who has spent more on colossally stupid fees and I am 101% sure that would not be me. We are all Bitcoin users but don't be overzealous over Bitcoin please.

Btw my debit card has $0 annual fee and it costs $0 to be issued  

That's true...
But combining it with PayPal doesn't make any sense because PayPal have their own terms of service, and the worst thing I feel about them is, they charge a lot and there is a disadvantage for sellers called "chargebacks"...
Due to this, I am with Bitcoins alone, and BTC alone is better than PayPal...
And no, BTC and PayPal even together cannot fire fiat out of the world as it has been used since decades, so it isn't so easy for anything to just kick it away... It might be in the future, but that future ain't near yet...

I've been selling quite a lot on Paypal and I am yet to see a chargeback. I don't know, been a Paypal member since 2011, and people politely ask for a refund not directly request Paypal to reverse the transaction and charge you back. It depends I think. The only disadvantage is the high fees, like Paypal gets 2% of every transaction. It adds up, that's why whenever possible I request customers to pay via BTCBTCBTC.

[btcltccoins]

Well, actually PayPal is just an additional way to manage the fiat, it is not as revolutionary as the bitcoin concept, in that case I would think that neteller is even more advantageous than PayPal,  but everyone is free to choose his preferred fiat-based payment system.

Bitcoin is alone capable for Death of Fiat Currency. Do not combine it with Paypal. Paypal has it own terms and conditions and they try to get benefit from the account holders just like Banks of Fiat Currency. So We only want Bitcoins and No Paypal.

[romero121]

Well, actually PayPal is just an additional way to manage the fiat, it is not as revolutionary as the bitcoin concept, in that case I would think that neteller is even more advantageous than PayPal,  but everyone is free to choose his preferred fiat-based payment system.

Bitcoin is alone capable for Death of Fiat Currency. Do not combine it with Paypal. Paypal has it own terms and conditions and they try to get benefit from the account holders just like Banks of Fiat Currency. So We only want Bitcoins and No Paypal.

However with or without PayPal nothing is gonna take fiat towards death. Only a very small percentage is now using bitcoin and the majority is using fiat.

[7788bitcoin]

Paypal = centralized, chargeback, link to credit cards/bank account, extremely high fee & unfavourable exchange rates
Bitcoin = decentralized, no-chargeback,  no backed/linked to any bank or organization, low fee and no exchange rate!

The only way Paypal going to adopt Bitcoin is to change their policies and way of working. However, this will mean that their are not going to make tons of money by charging high fee and exchange rates- these are exactly how Paypal makes money.

[BitcoinSupremo]

Bitcoin has no need for Paypal and is much better being a decentralized cryptocurrency which has no overlooking authority. Paypal have their stupid terms and conditions, lots of charge back happens there, so yeah Bitcoin don't need Paypal at all.

[Alekseenko/Vlad]

Bitcoin of course

[bigs21024]

I think it would be much better if the title was: BTCitcoin + BTCitcoin debit/credit cards = death of fiat. Other monetary systems, somehow still operate on fiat (directly) so can't put in the category as BTCitcoin in which in some ways (only indirectly in most ways) involves fiat. In future, were not going to get rid of fiat (physical cash) but other modern ways will be widely used instead (like in Sweden - cash less country).

Great point

[Jeremycoin]

No, even tho if Bitcoin collaborate with PayPal. That doesn't mean that we don't need fiat money anymore, because we still need it to be a physical money.

[Aleksey.Vladlenovich]

They need each other

[Jack/edisson]

PayPal still Fiat if you sell things online through your trading module, receiving salary in Bitcoin.

[calkob]

I like the thought of this but i think it is still to expensive even tho the annual fee is waived in the 1st year.  Correct me if i am wrong also but do Xapo not still control the private keys here, abit like coinbase?  If they do then technically you may be out from under the banks but are now under Xapo 

[iram66680]

They need each other

What makes you say that they need each other? In what way or at what capacity?
I am not seeing what you are saying with that remark. It might be because you are a newbie member you don't really care for the topic being discussed. Fortunely there are many here who take this discussion seriously.

[quentincole32]

I got a xapo debit card because i earn Bitcoins for living and it allows me to use my wallet instantly everywhere. It was a big revolution in my life because i am not under any bank bs anymore. The second factor for me is Paypal: i use it with all my international customers and yeah...i put gasoline in my car with Paypal too! Now...now...if only that formerly xapo guy is really in some Paypal button room and is really doing his job....i think if that happens would be a massive run from fiat all over the world...whatcha think?

its possible,i think in the future we will face different century,its different from some section,we would have different payment system,different vechile,different digital device and different technology. and at that time bitcoin or paypal have possibility to replace or make fiat death. i'm not sure about that,it just my opinion.