Coinbase has partnered with Paypal - Officially!

[chixka000]

A much eaiser of turning your money (bitcoin) is now a part of an easier way to shop (paypal) then it would surely be a  boost on both paypal and bitcoin. I cant wait for this one to come in our place

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[Leonard2016]

if someday this happens and paypal really starts accepting bitcoin themselves instead of a third party who don't really is associated with paypal, then that day would be a great day for bitcoin because ther would bring a lot of people on board.

[avikz]

It is indeed a good news that a financial transaction facilitator giant like paypal partnered with coinbase. But you have to remember one thing, that paypal is regulated by law of respective countries where they are providing service.

So the regulatory authority of that country can track your transaction very easily. So if you want to exchange a good amount of bitcoin, avoid paypal.

[23dzmaz]

Actually it's really good news for bitcoin, but many people still scare to trade their bitcoin into paypal because many scammer out there using paypal to scam bitcoin user.

[amacar2]

if someday this happens and paypal really starts accepting bitcoin themselves instead of a third party who don't really is associated with paypal, then that day would be a great day for bitcoin because ther would bring a lot of people on board.

However if paypal do so paypal may loss most of their customers and merchants overtime because of low fee structure bitcoin have. Merchants will love $0 fee for receiving payments where as customers will love to send and receive fund without any % of fee in every transaction and also no any fear of lossing all you have due to legal issue.

[marketgold]

any news? can we buy btc with paypal directly?

[socks435]

if someday this happens and paypal really starts accepting bitcoin themselves instead of a third party who don't really is associated with paypal, then that day would be a great day for bitcoin because ther would bring a lot of people on board.

However if paypal do so paypal may loss most of their customers and merchants overtime because of low fee structure bitcoin have. Merchants will love $0 fee for receiving payments where as customers will love to send and receive fund without any % of fee in every transaction and also no any fear of lossing all you have due to legal issue.

I think they dont care about that we know that there is a high for transaction money in paypal but in bitcoin we are just paying low amount fee for transaction.. but the problem is the price of bitcoin is not stable unlike usd in paypal.. so i think they dont care about that if its happen that coinbase will be partner in paypal.. It can not affect that costumers want.. merchant are still want to be safe so they will stay in paypal because of reverse payment and they can start a case or dispute for their protection..

[xdrpx]

This is good news, but I don't want to be paying Paypal's huge fees for being able to add them to my Paypal account and then to my bank account. Also, I wonder how many restrictions would Paypal have to impose on how this is being done in different countries based on Reserve banks restrictions. Already, in my country the reserve bank has informed paypal to not allow our country users from purchasing abroad unless a credit card is linked. Debit cards don't work either.

[bluechipinvestor]

Good to know. I wish I had read this information before.

[TheKoolKid]

PayPal is slowly dipping its toes in the bitcoin waters.
The company has partnered with Coinbase, a virtual currency wallet and exchange, so Coinbase users can sell bitcoin and cash out to their PayPal accounts. Buying bitcoin isn’t possible yet, but the small integration is a noteworthy first step.
PayPal did not immediately respond to Quartz’s request for comment.
While bitcoin and its underlying technology, blockchain, has caught Wall Street’s attention, consumer tech giants have largely stayed away from the technology until now. Recently, Quartz reported that Airbnb “acquihired” a bitcoin company and its engineers. Other tech giants, like IBM and Microsoft, have been exploring blockchain tech more closely. IBM developed open source code that’s being used in the Linux Foundation’s Hyperledger consortium. Microsoft has been integrating blockchain services into its Azure cloud platform.
Behind the scenes, PayPal’s been showing signs of interest in virtual currencies. A recently published patent application from PayPal shows the company has explored integrating bitcoin and other virtual currencies like LiteCoin and Dogecoin into physical smartphone payments. The patent application was filed in December 2015.
PayPal also held a hackathon in December, according to multiple sources with knowledge of the event. The purpose? To find out new ways for PayPal to use bitcoin and blockchain technology. The attendees included Snapcard, a B2B bitcoin payments company, Coinbase, and Chain. Developers tested things like cross border payments, merchant processing, and creating a digital wallet using bitcoin.
For bitcoin’s growth, even a slight interest in bitcoin on PayPal’s part would be a big win. PayPal has over 180 million customers and processed $1.4 billion in payments in the first quarter of 2016. The payments giant recently added Wences Casares, CEO of bitcoin wallet Xapo and a renowned bitcoin advocate, to its board of directors in January 2016.

http://qz.com/713528/paypal-is-warming-up-to-bitcoin/

This is good but it still does not offer any support to anonymous web wallets unlike Blockchain.info

[c2e]

Next we will be able to purchase btc with PayPal. Won't be long.

[xJuturna]

I'm not exactly a fan of PayPal, in fact, I think as far as customer service and relations with their clients go, they are complete crap. Hopefully Coinbase can improve on this but I doubt their partnership will affect anything in their Customer Service departments. Anyways, this is good news. Previously Paypal seemed pretty anti-bitcoin but with this maybe the tides are changing and they are starting to join everyone else in the 21st century. About time if you ask me

[Oralmat]

I still don't see how Paypal is accepting BTC. When I open my Paypal account I can't see option to withdraw or deposit BTC in here and anything else that isn't that is waste of time for me and not that cool. I want to be able to buy in ebay with BTC.

because paypal is not accepting bitcoin YET.
the problem is with the article that OP shared, it is easily misinterpreted.
what i understand from the different news about it and also from coinbase itself, i realize that paypal is not doing anything that is even remotely related with bitcoin the only thing is that "coinbase" will pay you your money ($$$) to your paypal account if you want .

in other words coinbase has added only paypal withdrawal option .

Although paypal is not fully integrated with bitcoin network of Coinbase and only Coinbase has enabled Paypal withdraw option, but that day is not far away when Paypal has to integrate bitcoin as a full deposit/withdraw option on the increasing demand of the people.

[ruselbd]

Great move by paypal.

Numerous individuals are beginning to lose trust in paypal since they've had their issues and obviously, bitcoin clients would pick wallets then. In any case, now that paypal has received the utilization of bitcoins, possibly a portion of the bitcoin clients will utilize their administration.

[bitsoldiers]

wow this is a goodnews.. will benefit

[Doamader]

I still don't see how Paypal is accepting BTC. When I open my Paypal account I can't see option to withdraw or deposit BTC in here and anything else that isn't that is waste of time for me and not that cool. I want to be able to buy in ebay with BTC.

because paypal is not accepting bitcoin YET.
the problem is with the article that OP shared, it is easily misinterpreted.
what i understand from the different news about it and also from coinbase itself, i realize that paypal is not doing anything that is even remotely related with bitcoin the only thing is that "coinbase" will pay you your money ($$$) to your paypal account if you want .

in other words coinbase has added only paypal withdrawal option .

Although paypal is not fully integrated with bitcoin network of Coinbase and only Coinbase has enabled Paypal withdraw option, but that day is not far away when Paypal has to integrate bitcoin as a full deposit/withdraw option on the increasing demand of the people.

Paypal is doing nothing here, just allowing the coinbase to withdraw their bitcoins to paypal, where paypal will once again limit you and control your money, if they dont frooze your funds, even knowing where the money is coming. Paypal has hired xapo ceo as i remember soo some big new should be announced from paypal related to crypto world.

[chixka000]

if someday this happens and paypal really starts accepting bitcoin themselves instead of a third party who don't really is associated with paypal, then that day would be a great day for bitcoin because ther would bring a lot of people on board.

However if paypal do so paypal may loss most of their customers and merchants overtime because of low fee structure bitcoin have. Merchants will love $0 fee for receiving payments where as customers will love to send and receive fund without any % of fee in every transaction and also no any fear of lossing all you have due to legal issue.

Nopei dont think so. Bitcoin price flactuates and merchants will surely not going to love it maybe few. I think the future of paypal willl gain more customers because they unite

[Xester]

If that so, I will make an account with coinbase!  I actually longing that this thing would happen.  I have sent a message with coins.ph before if they could or if there is anyway they could partnered with paypal.  The response is negative as they have or there is an issue if they will do it.  I will try to read this issue and have some research for validity.  Hope that this is all true.

[streazight]

good news
but is true news or only issue, is exchanger support paypal is ready long is virwox
in paypal support bitcoin is i think member can deposit and withdraw is area client membership paypal
iam not use coinbase but i want to ask, is witdhraw bitcoin coinbase is via exchanger marketplaced or via direct wallet

This news is pretty much one sided.
I mean, you still cannot buy bitcoins with paypal but you can fund your paypal account with coinbase so I do not see a partnership here at all. It's good though that you're able to withdraw your coins from coinbase to paypal easily but I would love to see paypal as a bitcoin exchange site but that's probably not gonna happen just yet.

[asriloni]

Actually it's really good news for bitcoin, but many people still scare to trade their bitcoin into paypal because many scammer out there using paypal to scam bitcoin user.

Before trying to making a conversation about paypal scammer we need to considering about the scammer for using paypal to scam bitcoiners because we know for using paypal is requiring a lot of personal data and it's easy for surpassing their security.