Paypal accept bitcoin

[gilangIDR]

Do you think this is possible? Guys is it?

Yes bitcoin being accepted by PayPal is possible to happen. We just have to wait for their proper announcement since many will prefer to get into bitcoin since it's an all in all type of currency, investment and at the same time  a payment sender and receiver.

This can be realized if many parties support. Bitcoin is still not able to enter various sectors because there are some regulations that block bitcoin. Examples are government-regulated regulations, to date many governments of a country still dare not support bitcoin. And when bitcoin can get support from various parties then things like that can be realized easily. The possibility of various e-commerce sectors will be able to apply bitcoin very easily. We must work hard and convince the government to be able to open the opportunities that exist.

[tabas]

Do you think this is possible? Guys is it?

Yes bitcoin being accepted by PayPal is possible to happen. We just have to wait for their proper announcement since many will prefer to get into bitcoin since it's an all in all type of currency, investment and at the same time  a payment sender and receiver.

This can be realized if many parties support. Bitcoin is still not able to enter various sectors because there are some regulations that block bitcoin. Examples are government-regulated regulations, to date many governments of a country still dare not support bitcoin. And when bitcoin can get support from various parties then things like that can be realized easily. The possibility of various e-commerce sectors will be able to apply bitcoin very easily. We must work hard and convince the government to be able to open the opportunities that exist.

Those governments that doesn't want to support bitcoin are afraid of what bitcoin can do to them so instead of supporting it, they are making their own move just to get with what's happening. Like making their own coin and others are just spreading false news so citizens will not invest on it. But if more and more companies starts to accept bitcoin like PayPal, there will be a big change.

[Gameflip ICO]

No, it is even banning users who uses cryptocurrency with PayPal account.

[richardsNY]

Like making their own coin and others are just spreading false news so citizens will not invest on it.

They will never have any impact on Bitcoin or other crypto currencies. State issued currencies are always tied to the broken financial system with all its negative aspects. At most people only gain more convenience when using a state issued crypto currency compared to how they used fiat prior to that. Some people here still don't understand that, and for that reason believe that if PayPal or a government issues its own currency, it will make our current crypto's obsolete. They completely ignore why crypto, and especially Bitcoin attracts so much attention, praise and actual usage. It all comes down to a lacking knowledge.

[Sadlife]

Well in terms in transaction volume with bitcoin 7 transaction per second compared to paypal's 200 transaction per second bitcoin is far behind but bitcoin now a days is not for transactions but more like an asset to store your money for long term profit. Also bitcoin's demand is increasing rapidly it may not be as good as an payment processor but it is a goos investment.

[Dr.Osh]

I think it's possible. but for now, there are no signs for it yet. Currently, PayPal has become a bank that is recognized on the internet. while bitcoin, is just an investment tool. maybe paypal can take advantage of bitcoin by considering bitcoin as an investment tool like gold. but, it should be with clear data.

[BigBossUSA]

They're totally different systems in my opinion. I don't think it will accept it anytime soon.

[SupportBitcoin]

PayPal doesn't directly accept Bitcoin, but Braintree, a division of PayPal has partnered with Coinbase to accept Bitcoin.

Currently, Bitcoin network processes around 7 transactions per second, while PayPal with an average of 200 tps. In terms of scalability and daily transactions volume, Bitcoin is much far behind PayPal. But apart from being a good store of value, Bitcoin could also be a better decentralized version of PayPal by building second layer payment systems on top of Bitcoin, Lightning Network.

So in future, Bitcoin might be better than PayPal, but again it depends on how users will treat Bitcoin, as a store of value or medium of exchange and the extent of merchant adoption.

This is very good information. Paypal kind of accepts Bitcoin in its own way through Braintree. There will be a time that Bitcoin will need to be an accepted form of payment for all goods and services.

[CryptoGoddess]

I am not a huge fan of Paypal and only use them when I definitely have to. I've had a run in with them in the past as a merchant and they were very unfair with the way they handled the situation. They will suspend your account and hold your funds etc without much of an explanation, well at least that was my experience with them a few days ago, I don't know if they've changed the way they operate. I personally wouldn't encourage anyone to store their BTC there if they did provide that option in the future as it would be much too risky.

[sulendra12]

No, it is even banning users who uses cryptocurrency with PayPal account.

Yeah Paypal not allowed you to exchange money to Bitcoin through paypal, it's against their ToS. Even though, we have seen in here there are still people exchange Paypal to Bitcoin in this forum.

[blckhawk]

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 ?

Regarding on which better for now PP or BTC, PP is more better in daily transaction because paypal has been used for a long time while BTC is much better on transaction such as trading and investment because of its voltality and anonymity. And about if paypal will accept bitcoin next 3-7 years, I think it is possible because bitcoin now is becoming more popular and few of them are prefer to use it in their transaction.

[sandpiper]

In the near future all the big companies will start accepting bitcoin as their payments. It is good that PayPal has started accepting bitcoin as their payments and they are trading in bitcoin because they know the importance of bitcoin and they have realized that bitcoin is the future currency and all the people in the world will use bitcoin as their legal and regular currency for their day to day needs.

With a fee of 0.000339 BTC per median transaction size of 226 bytes is hard to believe that bitcoin will be ever used by big companies (eg. McDonald's) for small payments.  

[psmachado]

I don't think paypal will acept bitcoin, i think it can exist in the future a rival of paypal like bitpal, btcpal, or something just for bitcoins, with a card, payshop deposit etc... I think we are closer to ebay or amazon acept bitcoin...

[BitHodler]

With a fee of 0.000339 BTC per median transaction size of 226 bytes is hard to believe that bitcoin will be ever used by big companies (eg. McDonald's) for small payments.  

It's just a matter of waiting for lightning network to be in public operational condition. When that happens, the currency aspect of Bitcoin will get its use and appreciation that it deserves.

It will be an ultimate form of incentive for people to spend their coins, where they now complain that they don't spend any because of the fees and confirmation times. I however doubt that people miraculously will start spending.

People will always know that when they spend Bitcoin, that they very likely will miss out on further profits due to this market that doesn't stop with increasing, and honestly speaking, we can't blame them for thinking like that.

[Exodia1808]

Sooner or later, I think Bitcoin will be accepted all over the world if Amazon is really going to accept Bitcoin for payment in there market and Paypal will not be the exception

[bitconeitor]

only one answer for your 4 questions: forget paypal, just use uphold or airtm.

[ZachKing]

Might be. But I think we need to wait a little bit more cause I think Paypal will only accept Bitcoin for payment when Bitcoin legalized in any country all over the world. For now Bitcoin is still not legalized in any country yet so I think at the moment this case is not going to happen but it'll be happened soon.

[MTCNer93]

I think paypal will accept Bitcoin soon when Bitcoin would be legalized in any country. As I think for now Bitcoin is better than Paypal already

[Tuanken897]

I think Paypal will accept Bitcoin
Because Bitcoin and other coins are the future trend.
So, Paypal will improve itself to develop

[AldenGreen]

Bitcoin is better than paypal transaction fees, security and accessibility of your wallet, but if PayPal accept bitcoin transaction i will try and check if it worthy.