Will Bitcoin overcome Paypal?

[gvnsrbtc]

BTC still has a long way to go if we are talking payment methods. The main problem right now is the confirmations that take too long. So it cannot be used as a better payment method over paypal. As an asset, is a different story, It's pretty sure that will overcome gold real soon, because is easier to save and easier to exchange.

[DoublerHunter]

BTC still has a long way to go if we are talking payment methods. The main problem right now is the confirmations that take too long. So it cannot be used as a better payment method over paypal. As an asset, is a different story, It's pretty sure that will overcome gold real soon, because is easier to save and easier to exchange.

We should fix the confirmation time of bitcoin and also improve its network so the overall time of payment will not be that long so the people will not be going to wait for a very long time just to get a confirmation so their transaction can be complete in just a very short time which is the best thing to expect for a mode of payment.

[batman12345]

I can not be sure whether this is happening.

I heard that ceo paypal Daniel Schulman invested 100 million usd in the form of bitcoin. from the story can be in paypal info ams want to use blockhain as their alternative payment.

[Abiky]

Paypal has too much limits on transaction and there is a fucking term of user , this term will fuck you so hard if you mess with it.
Bitcoin is totally freedom, transaction is worldwide , anonymous and the way faster than paypal( if you want to transfer them into fiats).
So why not? Bitcoin will overcome paypal in a nearly future.

Completely agree with you, mate. PayPal has so many restrictions, probably because it is a largely regulated payments system. On the other hand, we could experience freedom to transact with anybody in the world without the need for ID verification, and other government requirements with Bitcoin. Given that anyone can get started right away with the pioneer cryptocurrency, I have the feeling that at some point in the future, Bitcoin will have more use than PayPal itself.

Imagine when widely recognized local and online retailers start accepting Bitcoin for payments. People will use it more than PayPal since it provides convenience, greater accessibility, and freedom. As such, Bitcoin has many advantages over PayPal, and someday PayPal would have to give up or join Bitcoin (by accepting it within its platform). Time will come when Bitcoin will improve enough to become a rival against traditional payment processors like PayPal, Visa, Western Union, and more. Just my thoughts

[weeklyeth]

PayPal is completely centralised payment system whereas bitcoin is decentralised peer to peer payment processor so both are different vertical to compete

[hangar18]

BTC still has a long way to go if we are talking payment methods. The main problem right now is the confirmations that take too long. So it cannot be used as a better payment method over paypal. As an asset, is a different story, It's pretty sure that will overcome gold real soon, because is easier to save and easier to exchange.

We should fix the confirmation time of bitcoin and also improve its network so the overall time of payment will not be that long so the people will not be going to wait for a very long time just to get a confirmation so their transaction can be complete in just a very short time which is the best thing to expect for a mode of payment.

Bitcoin should learn the Ethereum and Ripple technology. Ethereum and Ripple really have good technology to get confirm fastly with cheap fees. Not like Bitcoin, it takes so much money for a transaction with long time to get confirmation. 6 confirmations with few hours (can take up to 72 hours) for a safe transaction, do you think it is better than Ethereum and Ripple with few minutes ?

[SteshaScott]

We can't predit but this is kinda impossible paypal offers charge back, but bitcoin is used by most of hackers and darkweb. That's why  both have their users.

[josegr4ham]

The bitcoin community is still small so for now bitcoin doesn't have enough chances to overcome PayPal

[nalinpuri]

I have voted Yes because Bitcoin can overcome paypal as it has more populariy than paypal or payza and it is a intermediate free peer-to- peer transaction Coin. Its the future.

[Barcode_]

As time passes by, I believe the number of users who will use Paypal for sending and receiving money will decrease gradually, Bitcoin is obviously the better option to use for sending and receiving payment online as the transaction fees is much more cheaper than Paypal.

[Slark]

We can't predit but this is kinda impossible paypal offers charge back, but bitcoin is used by most of hackers and darkweb. That's why  both have their users.

Bitcoin is used primarily by hackers and dark web? Because of this conviction is so widespread among non-bitcoin users we can't rich higher levels of adoption.
I can tell you that ability for users to initiate chargeback and open a PayPal dispute is overused and something needs to be done with it.
Did you know that merchant who is using PayPal as a payment method in his shop needs to pay money to PP everytime someone starts a dispute?

[rlclub]

It seems to me bitcoin is competing with fiat money. 

On another note, check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io.  The product has traction with 250 clients and partners in Europe and Asia.

[automail]

I don't think so. Bitcoin was very famous but they can't beat paypal yet. Paypal is being used for money transfer and sometimes it is being used for shopping. Those are two things that bitcoin can't do yet. They can but its not that convenient compared to paypal. What other people doesn't know is that paypal is being used for salary. My company was using it since they started and I don't think btc can do that. Maybe in 5 years btc will be able to do that. Let's wait and see.

[syntac]

In the future can be bitcoin get rid of PayPal just like Google get rid of Yahoo. But there needs to be further development on bitcoin to give better Feature of the other crypto, if Bitcoin is not currently repaired then most likely can not get rid of PayPal.

[ASICHEAD]

We can't predit but this is kinda impossible paypal offers charge back, but bitcoin is used by most of hackers and darkweb. That's why  both have their users.

Bitcoin is used primarily by hackers and dark web? Because of this conviction is so widespread among non-bitcoin users we can't rich higher levels of adoption.
I can tell you that ability for users to initiate chargeback and open a PayPal dispute is overused and something needs to be done with it.
Did you know that merchant who is using PayPal as a payment method in his shop needs to pay money to PP everytime someone starts a dispute?

Well, dispute is a double-edged sword for retailer and Paypal. Everytime, the retailer always have risk to meet this issue when someone take this function to get refund. Althought some cases did not refund for whom created dispute, but it took much times of retailers for those disputes.

[bitllionaire]

In the future can be bitcoin get rid of PayPal just like Google get rid of Yahoo. But there needs to be further development on bitcoin to give better Feature of the other crypto, if Bitcoin is not currently repaired then most likely can not get rid of PayPal.

Although bitcoin do not have any competition with payapl, because paypal is not a currency but only a medium transaction, while bitcoin is a currency just like other fiat currency which we can use for shopping in shorts, in fact it do not require any medium and conversion but it can directly be use for shopping in any country of the world, in this sense i think that bitcoin is really going to overcome paypal, because people will surely like to use bitcoin for shopping online instead of paypal.

[BitcoinBallerina]

once adopted by the governments and is accepted worldwide, then Bitcoin will not only overcome but also replace pay pal, as long as none of the Bitcoin policies are replaced or modified. especially the safety and privacy policies. PayPal isn't a bad platform , just that Bitcoin will come ,with another level of efficiency and speed.

[btckid001]

I'm afraid not. Though BTC is new and famous in the crypto-currencies, it still has gap between the virtual world and real world. Paypal is used for shopping everywhere. If you ask someone, they would mention this while BTC is an investment instead of a currency from point of view. Though it has many pros to beat Paypal, it still has a long wat to go.

[twicezeroiszero]

once adopted by the governments and is accepted worldwide, then Bitcoin will not only overcome but also replace pay pal, as long as none of the Bitcoin policies are replaced or modified. especially the safety and privacy policies. PayPal isn't a bad platform , just that Bitcoin will come ,with another level of efficiency and speed.

Although there are many cryptocurrencies can provide better service to transfer money.
But the fact, the number of users using Paypal did not decrease too much.
Just panic user and new user give up this service.

[mr.bean865]

First of all bitcoin is a currency and Paypal's not so we can not compare them that way but yes if you are comparing them in their mode of transaction then on current situation paypal is much bigger thing then bitcoin but with this speed of growth, may be there come a day when bitcoin will overcome paypal.