Coinbase has partnered with Paypal - Officially!

[guoyu78]

It is  a good decision by paypal as now the time of bitcoin is going to start and the other payment processors will not benefit as no one will use other payment system and only bitcoin will be preferred everywhere.

[sulendra12]

That's good , i am so surprised when i see this good news.
Hope will be happen soon , you can transfer your bitcoin into paypal cash. That's good 

[Jasad]

even i never hear about site that you mentioned above,i believe this really happen,paypal start interest on bitcoin since last year,and now they have good partner. and i love this statement

PayPal is slowly dipping its toes in the bitcoin waters.

i will wait more online payment start doing same thing like paypal,maybe next is payeer or okpay.

[OrangeII]

This is very good news. I heard that paypal began to cooperate with Coinbase. perhaps in the near future, paypal will start accepting bitcoin, maybe it will make the price stable

[Red-Apple]

this is a very good news in my opinion. this shows the interest of paypal in bitcoin and wanting to share the rewards. but it also seems like they are not yet completely ready to do a full on bitcoin accepting. i hope soon.

[isen]

Great news,probably i will never use this service but now people who want to exchange/sell their bitcoins have one more option.
Do we know more details about the fees etc. ?

[thejaytiesto]

Well this means now that the entire ebay economy could deal with Bitcoin which is a big plus, even tho ideally i would also have liked that they use Bitpay but at the end of the day it's still good news and should raise its value.

[helloeverybody]

Great news,probably i will never use this service but now people who want to exchange/sell their bitcoins have one more option.
Do we know more details about the fees etc. ?

Fees will be expensive,  paypal already take a large cut especially when paired with eBay.  Take into consideration that your probably paying over the odds for your btc and then whatever coinbase adds on.  Its a step in the right direction but how useful it will actually be,  only time will tell.

[DimensionZ]

I guess Coinbase and PayPal have made an agreement to offer withdrawals to PayPal accounts only to American citizens at first right? Or people from other countries are eligible to use the Paypal withdrawal option too? I am asking because I don't have a Coinbase account but apparently Coinbase being a US-based exchange it would make sense to launch a pilot project only in the USA. I am wondering if people will need to include these funds received from Bitcoin in their annual tax reports because PayPal is closely monitored by the government no?

[Hazir]

I read that article Op posted and I couldn't figure it out, Coinbase and PayPal are partners now, so what?
The only thing that happened is that Coinbase now accepts PayPal (for bitcoin sells) and credit cards (for bitcoin buys).
So please some explain this to me, why this news is so huge? So far it is nothing ground breaking IMO.

[wikenpp]

I read that article Op posted and I couldn't figure it out, Coinbase and PayPal are partners now.
The only thing that happened is that Coinbase now accepts PayPal (for bitcoin sells) and credit cards (for bitcoin buys).
So please some explain this to me, why this news is so huge? So far it is nothing ground breaking IMO.

It's great news but let's be realistic too. It's just Paypal telling Coinbase they can use their platform for payments. In no way it is paypal accepting crypto. More like some kind of endorsement which is looking at the growth of bitcoin, very welcome. f more and more people start endorsing bitcoin/crypto in general, crypto will grow.

[BitcoinPC]

It is  a good decision by paypal as now the time of bitcoin is going to start and the other payment processors will not benefit as no one will use other payment system and only bitcoin will be preferred everywhere.

Paypal has no choice but to support bitcoin. Maybe this way they (paypal) may survive a little bit more than expected. They now will try to integrate with bitcoin and maybe reduce their fee too. This is the power of bitcoins and you will see a change in monetary services.
Good News for bitcoin lovers. 

[Patatas]

Paypal has no choice but to support bitcoin. Maybe this way they (paypal) may survive a little bit more than expected. They now will try to integrate with bitcoin and maybe reduce their fee too. This is the power of bitcoins and you will see a change in monetary services.
Good News for bitcoin lovers.  

Not as simple as you think it is.Open Source Developers and Corporate dick suckers ,there's a bold line we draw between them you see.They are probably a step ahead of your imagination.Making money out of the scheme would be top most of their priorities.I don't see it anyway helping bitcoin.Have Fun paying double the fees.

[BitcoinHodler]

finally paypal decided to get their hands dirty too. it's about time they did something about bitcoin. it is great.

although i don't like paypal myself but since it is being used a lot it is a good option to be able to use it in a trusted service like coinbse.

[vero]

I think the paypal took a very smart move to partner with one of the bitcoin wallet service, PayPal already know if their is already threatened with bitcoin this way maybe they can still retain some of their costumer.

[Kevin77]

Good move by paypal.
Many people are starting to lose hope for paypal since they've had their issues and of course, bitcoin users would choose wallets then. But now that paypal has adopted the use of bitcoins, maybe some of the bitcoin users will use their service.

Not really as people have usd virwox or LBC to sell their coins for bank cash or paypal. These trades were sometimes risky but now with Coinbase allowing PP withdrawals, they have made this process very secure. If the fee is not high, PayPal will again become the next big payment processor like bitcoins.

[bangro]

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.

[onlinedragon]

Besides that I am not a big fan of Coinbase is any big company that start accepting bitcoins good news. Till now I don't use PayPal too often but possible it can be really useful. Only the verification of Coinbase and there gamble policy is so hateful.

[MingLee]

Besides that I am not a big fan of Coinbase is any big company that start accepting bitcoins good news. Till now I don't use PayPal too often but possible it can be really useful. Only the verification of Coinbase and there gamble policy is so hateful.

I personally think this is a good thing and might be a good step towards getting Bitcoin integrated with the fiat system, but I don't think working with Coinbase was the right choice for PayPal. PayPal probably should have gone and started working on their own system, because this means that Coinbase has even more sway within the community due to their connections and everything else.

[bitcoincass]

Amazing news, I just need more Bitcoins