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Question: Will Bitcoin overcome Paypal?
Yes
No
Maybe

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Author Topic: Will Bitcoin overcome Paypal?  (Read 79548 times)
Adelajda
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March 15, 2017, 11:59:58 PM
 #401

We can't predit but this is kinda impossible paypal offers charge back and so.. But bitcoin is used by most of hackers and darkweb.. So both have their users. It is balanced
Paypal as a payment system is a good thing when it comes to fiat and it is a service provided to facilitate the transfer of money but bitcoin is a different thing all together and it will overcome the use of paypal in the future.
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March 16, 2017, 10:41:16 PM
 #402

bitcoin is still a work in progress that needs polishing up to go up against a well established paypal

and imo bitcoin will not over take paypal because these are 2 different products with related attributes which can not displace the other...but rather co-exist.
Bitcoin has some issues at the moment that is true but I think there is a high chance bitcoin could displace paypal, since bitcoin offers some advantages paypal simply cannot dream at the moment.
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March 17, 2017, 03:26:39 AM
 #403

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday

The greatness or huge profits are still taken over by bitcoin, but for safeguards and guarantees in the paypal transaction or reference will be used by those who still hesitate against transactions that they do. Indeed bitcoin has better potential than with paypal, but not as good as bitcoin paypal and vice versa. So bitcoin and also paypal has its own benefits so that we are not required to compare it, all of this depends on how we use it
 
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March 17, 2017, 05:11:51 AM
 #404

Bitcoin is widely being accepted globally many websites are using it as means of payment with the way it is now it will overcome paypal in the nearest future, easy way of keeping Bitcoin in a wallet makes it even easier for it acceptability globally.

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March 17, 2017, 02:26:05 PM
 #405

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday
People will choose only what is closer to them in understanding and what is available. Bitcoin community is very small, so paypal has every chance of existence.
but to me i think bitcoin is not becoming more and more popular. and i  am hopeful that very soon bitcoin will be in such a position when a all the peole of the world will know about bitcoin and they will then give more preference to bitcoin.

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March 17, 2017, 09:29:59 PM
 #406

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday
People will choose only what is closer to them in understanding and what is available. Bitcoin community is very small, so paypal has every chance of existence.
in very start people were using paypal but after discovering bitcoin i think now people are giving more and more preference to bitcoin and hope that very soon bitcoin will become one of the most popular way transaction money.
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March 17, 2017, 09:48:54 PM
 #407

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday
People will choose only what is closer to them in understanding and what is available. Bitcoin community is very small, so paypal has every chance of existence.
in very start people were using paypal but after discovering bitcoin i think now people are giving more and more preference to bitcoin and hope that very soon bitcoin will become one of the most popular way transaction money.
You do not take into account the fact that today it is very easy for people to use Fiat, not bitcoin. And this means that the transfers with the paypal payment system, will still be in the lead. Although this is indicated by the number of paypal users and the amount of transfers. Bitcoin has its limitations, and this is primarily the specific nature of users.
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March 17, 2017, 09:56:50 PM
 #408

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday
People will choose only what is closer to them in understanding and what is available. Bitcoin community is very small, so paypal has every chance of existence.
in very start people were using paypal but after discovering bitcoin i think now people are giving more and more preference to bitcoin and hope that very soon bitcoin will become one of the most popular way transaction money.

It's just a matter of time and Bitcoin will surpass PayPal and the likes and I hope that time comes quick enough.
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March 17, 2017, 09:59:38 PM
 #409

In future Bitcoin may overcome Paypal due to following reasons:
1. Security - Bitcoin's core is cryptography. The payment method has no databases or accounts that can be hacked.

2. Merchants - Services like Bit-Pay make accepting Bitcoin's rather easy as it allows for funds to be exchanged for domestic currency so exposure to exchange rate fluctuations is minimal.

On top of that, as Bitcoin is essentially a form of digital cash there is no way, as with traditional bank accounts/Paypal etc, that funds can be frozen and payments can be blocked. Thus reducing the chance of fraud to practically 0

Exactly. There are numerous advantages that Bitcoin has over PayPal, which gives you freedom where no government or central authority could seize or even freeze your funds. Also, there would be no need for identity verification, for you to use or accept Bitcoin, making it much more accessible for everyday people.

However, Bitcoin would need to scale as quickly as possible, because the high transaction fees and slow confirmation times would limit its ability to become widely used by merchants. Fast settlement would be needed to be able to process transactions between buyers and merchants without hassles. Just sharing my thoughts.  Grin

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Silberman
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March 18, 2017, 02:10:20 AM
 #410

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday
People will choose only what is closer to them in understanding and what is available. Bitcoin community is very small, so paypal has every chance of existence.
but to me i think bitcoin is not becoming more and more popular. and i  am hopeful that very soon bitcoin will be in such a position when a all the peole of the world will know about bitcoin and they will then give more preference to bitcoin.
The day when bitcoin will be used by all the people in the world is not anywhere close, I think we must concentrate on making bitcoin become a viable currency for a greater amount of the population since the fees are becoming an obstacle for that.
batang_bitcoin
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March 18, 2017, 06:16:55 AM
 #411

Bitcoin is widely being accepted globally many websites are using it as means of payment with the way it is now it will overcome paypal in the nearest future, easy way of keeping Bitcoin in a wallet makes it even easier for it acceptability globally.

Well bitcoin is accepted globally but it is still not being accepted by majority of websites and I can say that they are still few in the market. However, those are already a good significant that bitcoin is getting stronger but the fact that PayPal is still good to go and online businesses and merchants are still preferring on using it.

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March 18, 2017, 06:24:06 AM
 #412

Bitcoin is widely being accepted globally many websites are using it as means of payment with the way it is now it will overcome paypal in the nearest future, easy way of keeping Bitcoin in a wallet makes it even easier for it acceptability globally.

Well bitcoin is accepted globally but it is still not being accepted by majority of websites and I can say that they are still few in the market. However, those are already a good significant that bitcoin is getting stronger but the fact that PayPal is still good to go and online businesses and merchants are still preferring on using it.
it's about the time dude, you need to wait to see bitcoin becoming available towards the majority of website and it really needs a long time to go, we're now still in the middle of the way and still struggling on making it happen. Though there are some factors that slow down the acceptance of bitcoin to those websites and one of many is the regulation by the governments. By accepting bitcoin for sure will increase their coverage to their users but, at the same time the websites still worrying about accepting bitcoin because they're just want to obey the regulations nevertheless.

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March 18, 2017, 07:22:33 AM
 #413

Bitcoin is widely being accepted globally many websites are using it as means of payment with the way it is now it will overcome paypal in the nearest future, easy way of keeping Bitcoin in a wallet makes it even easier for it acceptability globally.

Well bitcoin is accepted globally but it is still not being accepted by majority of websites and I can say that they are still few in the market. However, those are already a good significant that bitcoin is getting stronger but the fact that PayPal is still good to go and online businesses and merchants are still preferring on using it.
it's about the time dude, you need to wait to see bitcoin becoming available towards the majority of website and it really needs a long time to go, we're now still in the middle of the way and still struggling on making it happen. Though there are some factors that slow down the acceptance of bitcoin to those websites and one of many is the regulation by the governments. By accepting bitcoin for sure will increase their coverage to their users but, at the same time the websites still worrying about accepting bitcoin because they're just want to obey the regulations nevertheless.

Yes it will take time and that's why right now I had to admit that bitcoin isn't conquering PayPal so far and still we are far to see that thing since people preferred to use and keep on using PP. But I believe one day we'll see that PayPal will be conquered by bitcoin where almost every merchants will adopt the crypto currency, bitcoin and as well alts.

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March 18, 2017, 07:48:52 AM
 #414

Bitcoin is widely being accepted globally many websites are using it as means of payment with the way it is now it will overcome paypal in the nearest future, easy way of keeping Bitcoin in a wallet makes it even easier for it acceptability globally.

Well bitcoin is accepted globally but it is still not being accepted by majority of websites and I can say that they are still few in the market. However, those are already a good significant that bitcoin is getting stronger but the fact that PayPal is still good to go and online businesses and merchants are still preferring on using it.
it's about the time dude, you need to wait to see bitcoin becoming available towards the majority of website and it really needs a long time to go, we're now still in the middle of the way and still struggling on making it happen. Though there are some factors that slow down the acceptance of bitcoin to those websites and one of many is the regulation by the governments. By accepting bitcoin for sure will increase their coverage to their users but, at the same time the websites still worrying about accepting bitcoin because they're just want to obey the regulations nevertheless.

Yes it will take time and that's why right now I had to admit that bitcoin isn't conquering PayPal so far and still we are far to see that thing since people preferred to use and keep on using PP. But I believe one day we'll see that PayPal will be conquered by bitcoin where almost every merchants will adopt the crypto currency, bitcoin and as well alts.
If it happens that's good. PayPal has gained good reputation and only very few negative feedback was found over PayPal. This too happened because of users who make use of the pay back policy and create bad image to it. It's clear that bitcoin has the potential to overcome PayPal but this might not be the right time. PayPal serves as a payment gateway but bitcoin serves as a gateway and as a payable currency.
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March 18, 2017, 08:02:26 AM
 #415

Bitcoin is widely being accepted globally many websites are using it as means of payment with the way it is now it will overcome paypal in the nearest future, easy way of keeping Bitcoin in a wallet makes it even easier for it acceptability globally.

Well bitcoin is accepted globally but it is still not being accepted by majority of websites and I can say that they are still few in the market. However, those are already a good significant that bitcoin is getting stronger but the fact that PayPal is still good to go and online businesses and merchants are still preferring on using it.
it's about the time dude, you need to wait to see bitcoin becoming available towards the majority of website and it really needs a long time to go, we're now still in the middle of the way and still struggling on making it happen. Though there are some factors that slow down the acceptance of bitcoin to those websites and one of many is the regulation by the governments. By accepting bitcoin for sure will increase their coverage to their users but, at the same time the websites still worrying about accepting bitcoin because they're just want to obey the regulations nevertheless.

Yes it will take time and that's why right now I had to admit that bitcoin isn't conquering PayPal so far and still we are far to see that thing since people preferred to use and keep on using PP. But I believe one day we'll see that PayPal will be conquered by bitcoin where almost every merchants will adopt the crypto currency, bitcoin and as well alts.
If it happens that's good. PayPal has gained good reputation and only very few negative feedback was found over PayPal. This too happened because of users who make use of the pay back policy and create bad image to it. It's clear that bitcoin has the potential to overcome PayPal but this might not be the right time. PayPal serves as a payment gateway but bitcoin serves as a gateway and as a payable currency.
There is really huge potential since bitcoin is widespreading its market
 However, I do beleieve bitcoin can't beat fiat money since paypal was used for fiat money and bitcoin has various wallet.  Of there is a thing why users should choose bitcoin, it is its anonymity and convinience since we all know that paypal has too many issue with regards the transactions and identity of its users.
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March 18, 2017, 10:11:27 AM
 #416

Yes, Bitcoin will overcome paypal for the below reasons
1.Very low transaction fees.
2.Instant transfer
3.Merchants will prefer it in future as payment is irreversible.
4.No need to provide your personal details.
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March 18, 2017, 02:50:20 PM
 #417

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday
People will choose only what is closer to them in understanding and what is available. Bitcoin community is very small, so paypal has every chance of existence.
in very start people were using paypal but after discovering bitcoin i think now people are giving more and more preference to bitcoin and hope that very soon bitcoin will become one of the most popular way transaction money.

It's just a matter of time and Bitcoin will surpass PayPal and the likes and I hope that time comes quick enough.

Yeah bitcoin is not yet in decade but then it already surpass paypal, many change their method of payment to bitcoin since it has more fast transaction and the "cashback" in paypal was already a big issue.
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March 18, 2017, 03:27:32 PM
 #418

in no distant time btc is taking over paypal. Paypal used to be the most trusted but are now losing trust from its customers due to insecurity issues.......

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March 18, 2017, 06:55:49 PM
 #419

It always depends on the situation but i voted "YES" their are chance that bitcoin can  overcome paypal since bitcoin already started up using as payment method to several website it can use also to buy game credits not only credits but item also even though paypal is known as the main method of all shopping online all over the world but once bitcoin will known that can do what paypal can. Then people will choose this as they currency bitcoin has a great future someday
People will choose only what is closer to them in understanding and what is available. Bitcoin community is very small, so paypal has every chance of existence.
in very start people were using paypal but after discovering bitcoin i think now people are giving more and more preference to bitcoin and hope that very soon bitcoin will become one of the most popular way transaction money.

It's just a matter of time and Bitcoin will surpass PayPal and the likes and I hope that time comes quick enough.

Yeah bitcoin is not yet in decade but then it already surpass paypal, many change their method of payment to bitcoin since it has more fast transaction and the "cashback" in paypal was already a big issue.
the availability of the bitcoin was also a problem with paypal. as paypal is regional and is not available everywhere. while bitoin i is present everywhere therfore most of the peole have changed their payment method.
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March 18, 2017, 08:53:33 PM
 #420

in no distant time btc is taking over paypal. Paypal used to be the most trusted but are now losing trust from its customers due to insecurity issues.......

Insecurity issues? What issues are you exactly referring to? PayPal is seeing its user base grow quite rapidly, so I seriously doubt they are losing trust. If you make certain claims, then at least provide some details to back up your claim, because as it is now, there are none, and thus your claim of PayPal having issues hold no value.
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