Will Bitcoin overcome Paypal?

[Napole0n]

I said very likely, based on the discussions in various forums many paypal users who've switched to bitcoin, the problem of credit card verification is very important because it makes people bother.

Well I can see that's the advantage of bitcoin. We don't really need to be connected to any banking services or needs to verify anything from them. What we only need to do is having a bitcoin wallet and upon registering to any wallet provider we just need to verify it through our email. So the legacy of PayPal will be remembered. 

True we only want a simple transaction, do not bother the troublesome thing, the most important is fast at the moment. No need for such long-winded verification and so forth. Just send and finish

We do not require complicated transactions, in this fast-paced era we need a simple transaction and fast and easy. Complicated deals are outdated and will be left in the future

Yes that's all what we need and with bitcoin though there are some delays that we are experiencing that will be fixed in future. But I know that PayPal is aware of bitcoin right now and they are treating it as their arch enemy in the market that can make their company's sales to have a bullish chart downwards.

together is a good thing, paypal is large companies that already have many branches in different countries, if the lid is certainly they will be laying off many employees, even better is they work together so they can walk together.

[ReLieD]

Ive voted "Yes" on the options because i could really see the potential of bitcoin regarding on online payments and if people would find out bitcoin benefits related to this transactions then they would surely change their mind but for now people still use paypal and ebay because these are the things are being used since from the start thats why they would hardly switch easily to bitcoin and also everybody still didnt know about it.

I completely disagree with you . Bitcoin is a currency and PayPal uses USD or any currency.
So there goes a plus point for PayPal and moreover as people mentioned above PayPal has been more widely used compared to bitcoin.
This shows that people Trust and like to use PayPal more than bitcoin.
But i use bitcoin as i earn bitcoins

[Wewe Gombel]

for current up to 5 more years seems difficult, paypal is a great company that already works closely with many of the banks, I am active users of paypal, although bitcoin faster and cheaper but there has not been an official bank accept bitcoin.

[Fireblazer]

Ive voted "Yes" on the options because i could really see the potential of bitcoin regarding on online payments and if people would find out bitcoin benefits related to this transactions then they would surely change their mind but for now people still use paypal and ebay because these are the things are being used since from the start thats why they would hardly switch easily to bitcoin and also everybody still didnt know about it.

I completely disagree with you . Bitcoin is a currency and PayPal uses USD or any currency.
So there goes a plus point for PayPal and moreover as people mentioned above PayPal has been more widely used compared to bitcoin.
This shows that people Trust and like to use PayPal more than bitcoin.
But i use bitcoin as i earn bitcoins

Yes, PayPal, despite all sorts of identification, is more common, and not everyone trusts Bitcoin. Perhaps in the future something will change.

[coynedterm]

for current up to 5 more years seems difficult, paypal is a great company that already works closely with many of the banks, I am active users of paypal, although bitcoin faster and cheaper but there has not been an official bank accept bitcoin.

No brother , how can you say that PayPal is really cheap and easy for our money management .
Here I am.from country India  I used PayPal about 2 years ago  I found the following problem that didn't shoot me the best .
1) payment were reversible , so not easy to make deals with PayPal to BTC or any other things , anyone can scam easily by reverse click .
2) You can't withdraw instantly your money into bank account it can take upto week .
3) PayPal deduced 2k INR from my bank money without my permission .
4) PayPal to bank transaction is really a big fee we need to give for the charge to change doller into Fiat .

Here you can see that how can we say that PayPal is best , beside the PayPal I will prefer to use bitcoin Because it fullfill my all requirements that is better for me to make online deals

[naughty1]

Bitcoin can grow and is more popular than paypal, but it can never replace paypal. Because of their different nature, bitcoin is the virtual currency of technology, and paypal represents the real money. We can not compare their strength. So, do not assert anything between bitcoin and paypal.

[batang_bitcoin]

I said very likely, based on the discussions in various forums many paypal users who've switched to bitcoin, the problem of credit card verification is very important because it makes people bother.

Well I can see that's the advantage of bitcoin. We don't really need to be connected to any banking services or needs to verify anything from them. What we only need to do is having a bitcoin wallet and upon registering to any wallet provider we just need to verify it through our email. So the legacy of PayPal will be remembered. 

True we only want a simple transaction, do not bother the troublesome thing, the most important is fast at the moment. No need for such long-winded verification and so forth. Just send and finish

We do not require complicated transactions, in this fast-paced era we need a simple transaction and fast and easy. Complicated deals are outdated and will be left in the future

Yes that's all what we need and with bitcoin though there are some delays that we are experiencing that will be fixed in future. But I know that PayPal is aware of bitcoin right now and they are treating it as their arch enemy in the market that can make their company's sales to have a bullish chart downwards.

together is a good thing, paypal is large companies that already have many branches in different countries, if the lid is certainly they will be laying off many employees, even better is they work together so they can walk together.

That is possible to happen when bitcoin is already overcoming PayPal a lot of their employees will be affected. And that is a very bad thing for them so they need to do something for making their expenses very low and there should be a force resignation that will happen or else they need to make adoption with bitcoin.

[akamit]

Do you think that sometime in the future, Bitcoin might overcome Paypal, as it scales in capacity and userbase over the years?

We already have the ability to create our own marketplace with OpenBazaar, that uses Bitcoin as its payment method, so it should be no surprise that the combination of these two may be a fierce competition for both eBay and Paypal.

Nevertheless, feel free to vote on the poll above and express your opinion about it, if desired. 

Yes it will..
Paypal is not available in all countries. But bitcoin is available. Though online markets doesn't accepts bitcoin so much till now, but it will one day.

I shopped online for the first time using bitcoin, as paypal is not available in my country.

[Silberman]

I said very likely, based on the discussions in various forums many paypal users who've switched to bitcoin, the problem of credit card verification is very important because it makes people bother.

Well I can see that's the advantage of bitcoin. We don't really need to be connected to any banking services or needs to verify anything from them. What we only need to do is having a bitcoin wallet and upon registering to any wallet provider we just need to verify it through our email. So the legacy of PayPal will be remembered.  

If you download your own desktop wallet you don’t even have to go through any of that,which is even better, having a web wallet has its advantage like being able to access anywhere if there is internet and a computer or a smartphone but having your own desktop wallet grants you even greater privacy.

[Paul Pogba]

I say immediately, probably no more than 5 years, currently paypal transactions are still larger than the bitcoin, this is because many of the banks that accept paypal, a time bank will be accepted and bitcoin beating paypal.

[TastyChillySauce00]

I say immediately, probably no more than 5 years, currently paypal transactions are still larger than the bitcoin, this is because many of the banks that accept paypal, a time bank will be accepted and bitcoin beating paypal.

Not because PayPal is accepted in many banks or what, but, because PayPal is accessible with many banks to top up their money into the account. From its release, PayPal is simply not against the bank's ideologies because it's basically offering a service for paying things online, and that's why so far PayPal haven't faced problem with the banks. Really different if you're talking about bitcoin due to its decentralization ideologies and clearly against the bank.

[clickerz]

Yes it will overtake paypal in the long run, as many establishment are and countries are now accepting bitcoin. Though it will take but the possibility is clear.Bitcoin are becoming popular everyday, a time will come that bitcoin will become synonymous with fiat.

[Abiky]

Yes it will..
Paypal is not available in all countries. But bitcoin is available. Though online markets doesn't accepts bitcoin so much till now, but it will one day.

I shopped online for the first time using bitcoin, as paypal is not available in my country.

Yeah. That's the good thing about Bitcoin, which enables anyone in the world to transact freely without restrictions, or identity verification. Since it is banking for the unbanked, there is virtually no limitations when using Bitcoin.

The pioneer cryptocurrency could expand to areas where PayPal cannot reach, encouraging a global economy where everyone is in control of their own funds. I know that now, Bitcoin has been facing serious issues that limits its ability for growth, but as time goes by, it will mature and become stronger than ever towards overcoming PayPal, and even credit card payment processors like Visa.

I can see the price of Bitcoin growing each day, which may be a sign that it is getting more adopted by individuals and merchants from around the world. Just my opinion. 

[akamit]

Yes it will..
Paypal is not available in all countries. But bitcoin is available. Though online markets doesn't accepts bitcoin so much till now, but it will one day.

I shopped online for the first time using bitcoin, as paypal is not available in my country.

Yeah. That's the good thing about Bitcoin, which enables anyone in the world to transact freely without restrictions, or identity verification. Since it is banking for the unbanked, there is virtually no limitations when using Bitcoin.

The pioneer cryptocurrency could expand to areas where PayPal cannot reach, encouraging a global economy where everyone is in control of their own funds. I know that now, Bitcoin has been facing serious issues that limits its ability for growth, but as time goes by, it will mature and become stronger than ever towards overcoming PayPal, and even credit card payment processors like Visa.

I can see the price of Bitcoin growing each day, which may be a sign that it is getting more adopted by individuals and merchants from around the world. Just my opinion. 

I totally agree with you.
In my country we don't get freedom for own earned money..
Even with our credit card we need to endorse the amount we want to spend outside the country.
So basically government controls our hard earned money.

Nowadays, It also became tough to deposit our salary to our saving accounts. We need to declare from where the money came from etc etc.

So far, Bitcoin is also not much popular in my country. But it is getting popularity fast.

[citywise2]

I think the difference is clear it is not something we should be asking ourself  the best among . Bitcoin is now king of  online transaction. With the information we are seeing today paypal have never started. When we are now talk about online transactions we talk about bitcoin and it is very low in percentage.

[Silberman]

I say immediately, probably no more than 5 years, currently paypal transactions are still larger than the bitcoin, this is because many of the banks that accept paypal, a time bank will be accepted and bitcoin beating paypal.

Not because PayPal is accepted in many banks or what, but, because PayPal is accessible with many banks to top up their money into the account. From its release, PayPal is simply not against the bank's ideologies because it's basically offering a service for paying things online, and that's why so far PayPal haven't faced problem with the banks. Really different if you're talking about bitcoin due to its decentralization ideologies and clearly against the bank.

Correct, Paypal is nothing more than an extension of the fiat and the banking system, that is why there are not problems with fiat, but bitcoin is different, it is not only a new coin is a completely different way to look at the economic system, and in this new view banks don't have a place, no wonder they don’t like bitcoin one bit.

[Abiky]

Correct, Paypal is nothing more than an extension of the fiat and the banking system, that is why there are not problems with fiat, but bitcoin is different, it is not only a new coin is a completely different way to look at the economic system, and in this new view banks don't have a place, no wonder they don’t like bitcoin one bit.

Exactly. As Bitcoin provides a completely new system which takes the middleman out of the equation, it is often viewed as a potential rival against banks and traditional fees. Considering that Bitcoin employs a trustless mechanism, along with low fees, it makes it a strong competitor against well-known centralized solutions.

I believe that as more people discover Bitcoin's potential, they would turn their attention towards it, eventually using it instead of traditional payment processors. It wouldn't be surprising if at some point in the future, Bitcoin overcomes PayPal and even mobile payment solutions like Apple Pay and Google Wallet.

The digital currency needs some improvements for sure, but it's all about patience and dedication to itself among developers, miners, and the community itself to help it become better each day. Just my opinion.

[Ayers]

I say immediately, probably no more than 5 years, currently paypal transactions are still larger than the bitcoin, this is because many of the banks that accept paypal, a time bank will be accepted and bitcoin beating paypal.

Not because PayPal is accepted in many banks or what, but, because PayPal is accessible with many banks to top up their money into the account. From its release, PayPal is simply not against the bank's ideologies because it's basically offering a service for paying things online, and that's why so far PayPal haven't faced problem with the banks. Really different if you're talking about bitcoin due to its decentralization ideologies and clearly against the bank.

Correct, Paypal is nothing more than an extension of the fiat and the banking system, that is why there are not problems with fiat, but bitcoin is different, it is not only a new coin is a completely different way to look at the economic system, and in this new view banks don't have a place, no wonder they don’t like bitcoin one bit.

paypal is not a money circuit it's just an intermediary, and i can't see the comparison with bitcoin, bitcoin act as a money circuit like visa and it's decentralized, which make it better, we should compare to visa and not to paypal, paypal feel more like an escrow to me that protect more the buyers and have added a protection to the sellers

[macartem]

I'm not sure if Bitcoin will ever be faster than PayPal

[duckydonald]

If more and more online sites will start accepting bitcoin as a mode of payment then bitcoin replace paypal in future as at a moment there are not many sites that accepts bitcoins as a mode of payment and almost all sites have an option of paypal and that makes it more popular then bitcoins.