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Author Topic: Paypal accept bitcoin  (Read 4880 times)
BitcoinDiamond
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November 12, 2017, 05:30:36 PM
 #21

Paypal is the direct competitor of Bitcoin so not a chance in hell. Bitcoin is designed to be peer-to-peer effectively making PayPal services absolutely redundant if it became mainstream.
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November 12, 2017, 06:48:55 PM
 #22

This may happen in the future maybe even bigger news will come and bigger companies will accepts bitcoins as a legal payment for their service,but looking at it right now seems impossible since bitcoins potential is not enough to work with this such big things
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November 12, 2017, 07:26:10 PM
 #23

1) Do you think about this news will happen ?
2) Do you think paypal may accept bitcoin in next years (3-7) or it is impossible ?
3) Do you think bitcoin will be better than paypal ? when will happen ?
4) which better for now PP or BTC ?

1) Of course it will happen, in my opinion everyone will accept bitcoin once it will be popular enough.
2) It might need up to 10 years for that, depends on how many people will actually want to use bitcoins as a currency.
3) It will be better because of smaller fees and privacy.
4. Currently paypal is better because you can't use bitcoin to pay anywhere, i hope it will change soon Smiley

 
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dontworry
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November 12, 2017, 07:44:47 PM
 #24

1) Do you think about this news will happen ?
2) Do you think paypal may accept bitcoin in next years (3-7) or it is impossible ?
3) Do you think bitcoin will be better than paypal ? when will happen ?
4) which better for now PP or BTC ?

1- No. Because BTC and PP are 2 competitor payment processors.
2- It's impossible, will never happen.
3- Bitcoin is already better. However altcoins are better than BTC in lower transaction fees and faster confirmations.
4- For now BTC is better. BTC is a newer technology than PP. Altcoins are newer than BTC.

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November 12, 2017, 09:01:05 PM
 #25

3- Bitcoin is already better. However altcoins are better than BTC in lower transaction fees and faster confirmations.
Altcoins have lower overall transaction fees because their network doesn't experience much usage (if any at all). It's not that long ago where people were referring to Ethereum as being the Bitcoin killer, but yet it failed miserably in that aspect. Due to an insane amount of usage, its fees have shot up significantly, and its network experienced various major difficulties. No chance.

4- For now BTC is better. BTC is a newer technology than PP. Altcoins are newer than BTC.
What is that for logic? It all depends on how and in what scenario you use one of these two options. PayPal functions very well as platform for people to transact with each other, buy stuff, etc. Bitcoin severely lacks in that aspect. Bitcoin is better in other aspects, but not in the aspects PayPal enjoys most of its usage.
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November 12, 2017, 09:28:22 PM
 #26

This may happen in the future maybe even bigger news will come and bigger companies will accepts bitcoins as a legal payment for their service

Very possible to happen, not only considering PayPal but as well as facebook,youtube, google and other any popular websites and services.

but looking at it right now seems impossible since bitcoins potential is not enough to work with this such big things

It's because there's still a big debate on what coin to support for miners but if everyone of us will be only supporting one coin and bitcoin only marketplace this is going to happen in no time.

BillCoin
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November 12, 2017, 11:30:51 PM
 #27

It is impossible for paypal to accept bitcoins at the current state of crypto currencies.

Currently, bitcoin and other digital assets are unregulated, as long as they remain unregulated,it will be impossible for regulated companies to keep it(there is a difference between accepting bitcoins through a 3rd company such as bitpay, which converts the bitcoins at the payment time, and between accepting bitcoins and keeping them, which shows that you believe in the currency for the long term).

Paypal can't touch bitcoin as long as it remains unregulated, we need to lead a regulation if we want paypal to consider accepting bitcoins as a sort of deposit.
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November 12, 2017, 11:43:37 PM
 #28

I can't see Paypal itself accepting Bitcoin tomorrow or in the near future. Why? It is because for me Paypal lives on its own and doesn't really welcome any change on its platform. Other than that, Paypal charges higher fees so I don't think it'll be good if it accepts Bitcoin on its platform.

You have a point there. But if PayPal will not welcome change especially now that cryptocurrencies are starting to have their own niche in the digital world, they will be left behind. Though if you will think of it, bitcoin is one of their competitors with how transactions are made. But I think later on, they will be integrating bitcoin. But how? I don't know the answer yet... It's just like banks vs. bitcoin, now, banks are starting to accept bitcoin deposits, and starting to utilize the blockchain in their operations.
LeaderAMB
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November 13, 2017, 12:05:22 AM
 #29

1) Do you think about this news will happen ?
2) Do you think paypal may accept bitcoin in next years (3-7) or it is impossible ?
3) Do you think bitcoin will be better than paypal ? when will happen ?
4) which better for now PP or BTC ?

If you say facebook, google or even ebay accept bitcoin i will agree with you. Paypal will never accept bitcoin because paypal is forbidden exchange other virtual currency in the rule of paypal.
At the moment, I see paypal is still better bitcoin because paypal is accepting anywhere but in the future bitcoin will better Smiley

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November 13, 2017, 02:39:11 AM
 #30

Paypal is the direct competitor of Bitcoin so not a chance in hell. Bitcoin is designed to be peer-to-peer effectively making PayPal services absolutely redundant if it became mainstream.
In the global marketplace, rivalries can be friendly for a day, there are many examples. Apple and Samsung look like competitors, they can act jointly. But I think Paypal is a finished company.

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November 13, 2017, 02:41:37 AM
 #31

would be great for paypal if receiving bitcoin. but, I think paypal will not accept bitcoin. well, basically paypal is a bitcoin rival, and is the most trusted dollar depository on the internet. I think it will happen for a very long time

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November 13, 2017, 02:25:20 PM
 #32

I think Paypal will never accept bitcoins, cause then will be so many issues with refunds. Thats my opinion.

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November 13, 2017, 06:16:08 PM
 #33

i think paypal never accept bitcoin now or in future ,
for me bitcoin better than paypal . fast and easy for exchange and small fee
but for shopping paypal better
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November 13, 2017, 06:20:58 PM
 #34

1) Do you think about this news will happen ?
Eventually it will but we need a push and more advertising to bitcoin for PayPal to knows the demand of its clients.
Quote
2) Do you think paypal may accept bitcoin in next years (3-7) or it is impossible ?
That’s is precisely possible but a 3 years from now is too early a 5-7 years might be the date.
Quote
3) Do you think bitcoin will be better than paypal ? when will happen ?
You mean usd than bitcoin, if yes then I’m sure with that. Bitcoin is way more better than a fiat currency that is controlled by corrupt system.
Quote
4) which better for now PP or BTC ?
I do use both but minimally on PayPal, I’m more of a bitcoin user now. I’m more feel freedom using cryptocurrency than a much detailed transaction with PayPal that must be legally binding.
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November 13, 2017, 07:40:32 PM
 #35

When banks start to accept BTC, PayPal will follow
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November 13, 2017, 11:26:00 PM
 #36

bitcoin is the strongest today and hunted and used very much  as a means of payment online can even be received in various currency exchange in various countries. bitcoin has exceeded paypal

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November 14, 2017, 09:38:16 AM
 #37

Paypal is legalized worlwide company wich provides fiat service to exchange and pay to any product with safety to seller and buyer. Bitcoin for other side isaccepted worlwide for a few people, most merchants avoid it, and isnt legalized, only Japan has legalized it. Currently at some point bitcoin transactions are becoming more expensive then paypal, soo its possible into the future bitcoin becames legalized and accepted into paypal, but the run of low fees transactions bitcoin will loose to paypal.
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November 14, 2017, 12:10:53 PM
 #38

1) Do you think about this news will happen ?
2) Do you think paypal may accept bitcoin in next years (3-7) or it is impossible ?
3) Do you think bitcoin will be better than paypal ? when will happen ?
4) which better for now PP or BTC ?

1) No it will not, because Paypal hates bitcoins and they do not work well together. There is no reason why paypal would accept it in the near future.
2) Again, no. It is impossible.
3) It is already. Paypal is not good for the sellers since chargebacks are quite easy to do. However, bitcoins are good for sellers and bad for buyers since the transaction is irreversible. It would be hard to compel the seller to give back the money. This could be mitigated though if there would be an escrow.
4) BTC of course.
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November 14, 2017, 12:25:22 PM
 #39

bitcoin is the strongest today and hunted and used very much  as a means of payment online can even be received in various currency exchange in various countries. bitcoin has exceeded paypal
Bitcoin at this point has only surpassed PayPal in terms of value moved from one place to another, and that's really it. It mainly comes from the fact that Bitcoin's price has literally exploded in value this year.

Aside from that one thing, PayPal is still leading over Bitcoin. PayPal stimulates people to spend money due to the convenience and usability that it offers, where we have to keep its world wide acceptance in mind as well.

Being a Bitcoin enthusiast is fine and all, but there is no need to exaggerate its current reach. Bitcoin has a lot of catching up to do, and that will take some time. And even if it did, the volatility plays an important role as well.

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November 14, 2017, 01:32:15 PM
 #40

When banks start to accept BTC, PayPal will follow

They will at some point and yes they are quite dependent to the banks.

It's quite early for now to assume that PayPal will accept bitcoin but there are good speculations out there that there is really a possibility.

Will try them out if they are now into bitcoin but so far I think they are still studying on how they can adjust their service together with bitcoin.

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