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@prashant (OP)
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July 10, 2016, 04:16:33 PM
 #1

will bitcoin be able to replace every means of payment in future?
Who knows but yes it might replace virtual transfer currency i.e paypal,etc.
whats your opinion?
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July 10, 2016, 05:47:29 PM
 #2

Me and most of others are quite sure that bitcoin could replace paypal like payment processor in near future. You can see how paypal is now slowly moving towards accepting bitcoin through coinbase and may be later on they will be forced to allow direct deposit via bitcoin. I love bitcoin with low fees than paypal with high fee and lots of limitation.

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July 10, 2016, 09:50:19 PM
 #3

I think that it couldn't replace every mean of payment, at least not totaly. For that the whole finance world and policy should chamge and that is not very likely. But it could become more equal and more accepted. But it could become more popular then some money services (like PayPal), that is for sure.

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July 10, 2016, 09:53:40 PM
 #4

I have no problems with using other methods where they are most convenient.
In its current state, it cannot replace everything with an utilitarian point of view.
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July 10, 2016, 10:02:26 PM
 #5

will bitcoin be able to replace every means of payment in future?
Who knows but yes it might replace virtual transfer currency i.e paypal,etc.
whats your opinion?


Why bitcoin should replace all the other methods of payment? I think bitcoin (as method od payment) is a good and valid alternative to spend my money without any type of censorship, low fees and high security.

Paypal doesn't offer these type of things but (you will think) it's more used and accepted than bitcoin itself, give to bitcoin another 15-20 years Wink...
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July 10, 2016, 10:08:52 PM
 #6

Bitcoin have own way in virtual currency so i don't think bitcoin will replace paypal,etc as a number one virtual currency, imo bitcoin has leading far away from other virtual currency since bitcoin born.
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July 11, 2016, 12:10:09 AM
 #7

will bitcoin be able to replace every means of payment in future?
Who knows but yes it might replace virtual transfer currency i.e paypal,etc.
whats your opinion?

I think bitcoin does not replace, but it only adds to our choice choose what want to use such services. For the future, may be able to replace the bitcoin virtual transfer, but I think it's still up in the air. Because virtual transfer such as paypal, etc has been reliable since the first. Thank you
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July 11, 2016, 12:33:25 AM
 #8

Me and most of others are quite sure that bitcoin could replace paypal like payment processor in near future. You can see how paypal is now slowly moving towards accepting bitcoin through coinbase and may be later on they will be forced to allow direct deposit via bitcoin. I love bitcoin with low fees than paypal with high fee and lots of limitation.
Let's hope that with this move, that Ebay and Amazon will start to accept BTC in their businesses. It would be profitable for both of them if they do, since more and more people are discovering BTC everyday.

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July 11, 2016, 01:20:32 AM
 #9

Me and most of others are quite sure that bitcoin could replace paypal like payment processor in near future. You can see how paypal is now slowly moving towards accepting bitcoin through coinbase and may be later on they will be forced to allow direct deposit via bitcoin. I love bitcoin with low fees than paypal with high fee and lots of limitation.
Let's hope that with this move, that Ebay and Amazon will start to accept BTC in their businesses. It would be profitable for both of them if they do, since more and more people are discovering BTC everyday.
because paypal now starting cooperation with coinbase,maybe you're now be able to pay ebay and amazon through bitcoin but using paypal's way
it's not directly saying ebay and amazon accepting bitcoin but they're accepting it through paypal,and it seems quite helping

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July 11, 2016, 01:27:16 AM
 #10

Bitcoin is not going to be some sort of miracle currency that is going to take away the need for paying with cash or other fiat payment systems, at most Bitcoin will become something that will back other currencies, partially due to the lack of really quick transactions with Bitcoin as of today. Bitcoin could definitely be a massive game changer, but it won't affect people on the individual level.
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July 11, 2016, 05:15:46 PM
 #11

Me and most of others are quite sure that bitcoin could replace paypal like payment processor in near future. You can see how paypal is now slowly moving towards accepting bitcoin through coinbase and may be later on they will be forced to allow direct deposit via bitcoin. I love bitcoin with low fees than paypal with high fee and lots of limitation.
Let's hope that with this move, that Ebay and Amazon will start to accept BTC in their businesses. It would be profitable for both of them if they do, since more and more people are discovering BTC everyday.
because paypal now starting cooperation with coinbase,maybe you're now be able to pay ebay and amazon through bitcoin but using paypal's way
it's not directly saying ebay and amazon accepting bitcoin but they're accepting it through paypal,and it seems quite helping


Can you post any link/article about this fact? I think it's an old news from 2 years ago (if I'm not wrong).
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July 11, 2016, 05:51:21 PM
 #12

Without doubt, Bitcoin has the potential to replace all other currencies and associated transfer systems worldwide. At least in the digital realm. In addition, Bitcoin 2nd layer technologies might also replace other asset allocation, exchange, and transfer systems like stock markets and land owner registries.

But this will only happen, if Bitcoin will be increasingly used as a direct payment method, without intermediate fiat conversion. Using Bitcoin payment processors that convert Bitcoin to fiat money are a possible obstacle for Bitcoin's success, since these add unnecessary time lags and costs to what otherwise be a seamless process.

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July 11, 2016, 10:02:53 PM
 #13

will bitcoin be able to replace every means of payment in future?
Who knows but yes it might replace virtual transfer currency i.e paypal,etc.
whats your opinion?

Do you know that once you deal with a seller (without any escrow) most of the time you have to send first the money, what happens in the seller does not response to you never, you can't ask for a refund like in paypal, paypal can't be replaced by bitcoin.
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July 12, 2016, 06:54:10 AM
 #14

will bitcoin be able to replace every means of payment in future?
Who knows but yes it might replace virtual transfer currency i.e paypal,etc.
whats your opinion?
I think that we may really see bitcoin taking advantage over any other type of online payment.
Bitcoin is fairly easy to use,it is pretty fast and also safe.
These are the main reasons that may lead to bitcoin taking over the other online payments,and it is also anonymous,so it may be comfortable with many retail sellers.
We have to wait for some time,and we will see what is going to happen about it :]
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July 12, 2016, 08:26:30 AM
 #15

Do you know that once you deal with a seller (without any escrow) most of the time you have to send first the money, what happens in the seller does not response to you never, you can't ask for a refund like in paypal, paypal can't be replaced by bitcoin.

I do think that paypal is the 'escrow' in that case, this is why they allow chargeback anytime. When you use bitcoin and you are buying something online just use an escrow service (like bitrated) and you are fine. I don't get why you should not use an escrow  Cheesy when you use btc.


I think that we may really see bitcoin taking advantage over any other type of online payment.
Bitcoin is fairly easy to use,it is pretty fast and also safe.
These are the main reasons that may lead to bitcoin taking over the other online payments,and it is also anonymous,so it may be comfortable with many retail sellers.
We have to wait for some time,and we will see what is going to happen about it :]

Bitcoin isn't anonymous, it's pseudo-anonymous.
7 years before its creation and people still think that Bitcoin is anonymous, this is very dangerous.
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July 12, 2016, 08:37:25 AM
 #16

will bitcoin be able to replace every means of payment in future?
Who knows but yes it might replace virtual transfer currency i.e paypal,etc.
whats your opinion?

I think bitcoin will be one of the popular means of payment in future. It will not be the only one. Traditional banking/payment processors will evolve and will continue to compete with bitcoin.

People will just choose the features they want in the payment of choice (both senders and receivers).
 
@prashant (OP)
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July 12, 2016, 06:54:23 PM
 #17

Me and most of others are quite sure that bitcoin could replace paypal like payment processor in near future. You can see how paypal is now slowly moving towards accepting bitcoin through coinbase and may be later on they will be forced to allow direct deposit via bitcoin. I love bitcoin with low fees than paypal with high fee and lots of limitation.
Let's hope that with this move, that Ebay and Amazon will start to accept BTC in their businesses. It would be profitable for both of them if they do, since more and more people are discovering BTC everyday.
because paypal now starting cooperation with coinbase,maybe you're now be able to pay ebay and amazon through bitcoin but using paypal's way
it's not directly saying ebay and amazon accepting bitcoin but they're accepting it through paypal,and it seems quite helping


Can you post any link/article about this fact? I think it's an old news from 2 years ago (if I'm not wrong).
Ya it is like a rumors but eventually not succeded,but there ways to interchange btc to gift card.As i use zebcoin(indian btc wallet) really awesome wallet -easy transition and exchage service btw giftcards and btc.
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July 12, 2016, 07:07:18 PM
 #18

It has already replaced a number of online payment systems, now people prefer bitcoin for their online transfer of money, and try their best to find those places where bitcoin is accepted as payment for purchases etc.
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July 13, 2016, 03:50:39 AM
 #19

Me and most of others are quite sure that bitcoin could replace paypal like payment processor in near future. You can see how paypal is now slowly moving towards accepting bitcoin through coinbase and may be later on they will be forced to allow direct deposit via bitcoin. I love bitcoin with low fees than paypal with high fee and lots of limitation.
Let's hope that with this move, that Ebay and Amazon will start to accept BTC in their businesses. It would be profitable for both of them if they do, since more and more people are discovering BTC everyday.
because paypal now starting cooperation with coinbase,maybe you're now be able to pay ebay and amazon through bitcoin but using paypal's way
it's not directly saying ebay and amazon accepting bitcoin but they're accepting it through paypal,and it seems quite helping


Can you post any link/article about this fact? I think it's an old news from 2 years ago (if I'm not wrong).

i think it is a new thing, and if i am not mistaken. it is not a cooperation/partnership instead coinbase has only added the option to only pay you your money into your paypal account. there isn't even a deposit from paypal option.

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July 13, 2016, 04:03:32 AM
 #20

will bitcoin be able to replace every means of payment in future?
Who knows but yes it might replace virtual transfer currency i.e paypal,etc.
whats your opinion?

I am positive that bitcoin will conquer online virtual transactions but to say that it will replace paypal and other sites I dont agree. Paypal right now has integrated bitcoin in their transactions it will not take long that bitcoin as a mode of payment will be implemented by Paypal. These transfer sites will no going to vanish but instead will going to adopt and integrate bitcoins in their operations.
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