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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-06-02] What Does PayPal’s Shutdown in Turkey Mean for Bitcoin?
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June 02, 2016, 06:43:07 PM
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What Does PayPal’s Shutdown in Turkey Mean for Bitcoin?

PayPal has been forced to cease operations in Turkey. The shutdown will go into effect on June 6. Turkey recently denied PayPal of a new license, which is required to operate within the country.

https://bitcoinmagazine.com/articles/what-does-paypal-s-shutdown-in-turkey-mean-for-bitcoin-1464885886
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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June 02, 2016, 09:48:31 PM
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Well it appears that it wasn't the end :
'' PayPal’s reasons for leaving Turkey may also apply to other payment providers. ''
I think this could attract new customers but what is beneficial is a solid users that believe in the future of bitcoin  Wink
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June 02, 2016, 10:07:13 PM
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I don't think that it will have much impact on Bitcoin as in getting PayPal users from Turkey to dive into Bitcoin. I think that if more countries will follow the footsteps of Turkey that current PayPal users will get worried and start looking at alternatives. That's when I believe it will have a positive impact on Bitcoin.
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