Coinbase has partnered with Paypal - Officially!

[ASHLIUSZ]

If this news is indeed true, then this is very advantageous for all of us. Because in this way the users of Paypal will increasingly see the bitcoin potential and there comes a possibility that they will start using bitcoin.

[1714896196]

1714896196

[chixka000]

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.

For me cashing out your bitcoin from coinbase to your paypal is surely a great move. It is because for me paypal is being used in purchasing items world wide. Coinbase just open the door for bitcoin users to do so

[zPanda]

At least PayPal isn't turning out to be the end of Nokia.

[Rubberduckie]

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.

sure its not a full partnership but its a good start. Rome wasn't built in
a day and the more implementation the better.

Although I do hate paypal and the way they do business anything that's good
for bitcoin I'm up for.

[Judge007]

Knowing that paypal is the main service used online and now allowing bitcoin market and work with it will make our life easy,because we can spend our money without exchanges,the question is the size of the fee paypal will charge for such service,since nowadays exchanges are handling this alone.

[Herbert2020]

Knowing that paypal is the main service used online and now allowing bitcoin market and work with it will make our life easy,because we can spend our money without exchanges,the question is the size of the fee paypal will charge for such service,since nowadays exchanges are handling this alone.

that's just it. PayPal is not going to add bitcoin out of the good of their hearts. it is a business so they will be charging you a big fee if some day they decide they want to add bitcoin to their system.

[FABLE]

I thought that maybe PP' might be able to purchase BC's when I first saw this. I am new to BC' so am trying hard to find an easy approach to this. Still trying to read up & learn. Want to set up a wallet & account but not sure exactly where to start, or with whom ?

[Thoth-]

Fuck pay pal, they can jam there fees, why would you bother if you know how to use BTC?

[Sponsoredby15]

Wow thats a great news because sometimes i use paypal to buy items because i can't even withdraw my money from paypal because of high fees so that i always buy it for items. And now i can use my paypal too to bitcoin bitcoins its like an exchange website now so that dont need to spend my money for items. 

[X-ray]

Fuck pay pal, they can jam there fees, why would you bother if you know how to use BTC?

paypal accepted almost in every online shop,that's why,but with bitcoin,we need atleast buy a bitcoin debit cards first to use it in every online shop,even it's can be used to verify paypal account,but still we will use paypal at the end,that's why paypal still exist,if paypal weren't accepted widely,i'm sure they'll bust now

[Indrawan77]

Its a great news, it will make bitcoin user and paypal user easier to do transaction in all over the world, coinbase has make so many improvement for bitcoin, starting from ethereum wallet, now they collaborate with paypal, i hope these positive development keep on continue in the future

[bostiog1]

Its a great news, it will make bitcoin user and paypal user easier to do transaction in all over the world, coinbase has make so many improvement for bitcoin, starting from ethereum wallet, now they collaborate with paypal, i hope these positive development keep on continue in the future

Yea , in this way we dont pay fees for exchange sites if we want to buy btc with paypal

[ubitcoin]

Its a great news, it will make bitcoin user and paypal user easier to do transaction in all over the world, coinbase has make so many improvement for bitcoin, starting from ethereum wallet, now they collaborate with paypal, i hope these positive development keep on continue in the future

Yea , in this way we dont pay fees for exchange sites if we want to buy btc with paypal

We can not actually buy bitcoins with paypal just yet (or we may never actually be able to). It is only that you can withdraw your coinbase funds to paypal directly and that's it. It is actually a one-sided operation so this is not really a partnership. Sorry to disappoint you guys about this news because you guys obviously did not read them.

[0day]

It's not fully integrated so it seems like this is barely a first step. Really all they're doing is not denying these transactions to go through anymore just solely based on them being cryptocurrency transactions. It's a decent start I guess.

This is huge news!
Even if only in one direction, it is a major step for Bitcoin. I once suffered a 6 months suspension of my Paypal account for the "crime" of (being suspected of) selling Bitcoins (of course the buyer had a great reputation or I wouldn't have done it)

Now paypal came to know that the future is of Bitcoin and if they deny bitcoin people will deny their services and paypal will die, Paypal was really on the way to death as due to the attractive features of bitcoin everyone was shifting to bitcoin for their transactions, so for their survival paypal accepted the fact that bitcoin is the future of virtual business.

[Cuidler]

We can not actually buy bitcoins with paypal just yet (or we may never actually be able to). It is only that you can withdraw your coinbase funds to paypal directly and that's it. It is actually a one-sided operation so this is not really a partnership. Sorry to disappoint you guys about this news because you guys obviously did not read them.

Thats right, only Bitcoin to paypal. Its pretty useless to me but maybe someone finds the conversion Bitcoin to paypal useable. But if it was paypal to Bitcoin then I could finally transfer my remaining paypal ballance to Bitcoin. Not sure why they cannot do it in both directions, probably its too easy to hack user logins to paypal accounts and you cannot reverse Bitcoin transactions.

[Doamader]

I dont know till how safe is cashout your bitcoins from coinbase to paypal, as paypal can easy frozen the funds and start a war with costumers and coinbase, but i belive they are aproaching the crypto, they hired the ceo of xapo, soo something is coming to crypto world, atleast is expected.

[TastyChillySauce00]

I dont know till how safe is cashout your bitcoins from coinbase to paypal, as paypal can easy frozen the funds and start a war with costumers and coinbase, but i belive they are aproaching the crypto, they hired the ceo of xapo, soo something is coming to crypto world, atleast is expected.

if they'd already make a cooperation ,your funds will not going to be freeze,it's not breaking paypal's rules so it will went smooth
but i heard that paypal banning any transaction which have relation to any cryptocurrency so yeah,it's confuse me a bit

[QuestionAuthority]

It's easier and cheaper for CIABase to send funds to your PayPal account than to your bank account. So what, that just helps out CIABase and does nothing for Bitcoin.

When I can go directly to the PayPal website and see a link that says BuyBitcoin let me know because that means something. All this means is one licensed financial institution has an agreement with PayPal to transfer money to PayPal customer accounts. I can send money to your PayPal account right now if I want, with no agreement. All I need is a PayPal account.

You people do realize that just makes PayPal more valuable to consumers, not Bitcoin. Bitcoiners can now see how much easier it is to use PayPal than Bitcoin.

[kateryana81]

I’m not sure whether or not I’m happy about this or not. I hate Paypal and I think they aren’t very good at what they do. On the other hand I am very fond of Coinbase and how they operate. We will see how things turn out, hopefully for the better!

[imutlinda]

wow,, This is great news for Bitcoin.
Simplify exchange of BTC to $. facilitate transactions with people who do not wear BTC.

Cheers...