Paypal accept bitcoin

[Disna]

I don't know if paypal can accept Bitcoin next year, as I know, paypal is a financial services company offering electronic payment transaction services while Bitcoin is not a company but a peer-to-peer network in transactions for which operate without central authority developed open source.

[richardsNY]

I don't know if paypal can accept Bitcoin next year, as I know, paypal is a financial services company offering electronic payment transaction services while Bitcoin is not a company but a peer-to-peer network in transactions for which operate without central authority developed open source.

Regardless of Bitcoin's decentralized nature, any service can implement Bitcoin into its platform if they wish to do so. If lightning network moves out of beta and will be accessible to the public, we don't any major incorporation to implement Bitcoin to gain more traction. People will experience for themselves how it is to not worry about fees and confirmations anymore. I honestly don't really care about PayPal. I am not interested in making use of Bitcoin through a corporation-centralized platform when I can use Bitcoin without the need of any central entity already. It's just me directly paying to person x instead of me sending Bitcoin to corporation, from where the corporation sends the coins to person x. No thanks.

[FirEaSeA]

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 ?

Bitcoin is already better than paypal. If they don't want to accept it, it's their loss and not ours.

[annango]

In general, bitcoin has no advantage to face to paypal in many side as popularity, trust or conveniences. If paypal accepts bitcoin as a real money and allows user exchage bitcoin through paypal, it will very easy for all people who have difficulties in exchanging because so many countries ban bitcoin as a illegal money. Therefore, i hope in near future (2-3 next years) paypal will accept bitcoin so we can use bitcoin easier.

Absolutely I agree with you. If paypal accept bitcoin, i think it wil create a big benefits for many countries. As you know, although bitcoin is much more popular, some countries ban or don’t accept this digital currencies like China, there are many people invest BTC, but the government have just not accepted it. So I also hope in the next few years, paypal will accept BTC to every of us get an easy way to exchange.

[somwhr]

as we can see paypal is very famous as it is already known at the industry but look at the bitcoin it is just new but there are a lot of people using it.

It's better to try the new products like bitcoin as it will offer better than the existing one as they are promoting it..

[Brunusmagnus]

Well, at persent bitcoin - or other cryptocurrencies - are sawn as "concurrents".
But I think that in the next future paypal, banks, govermente, and so on, will be forced to accept bitcoin.
We'll see.

[ModaFuka1994]

For now I think we can't ensure anything if Paypal will accept Bitcoin or not. I think we need to wait a little bit more, when Bitcoin legalized in at least 1 or 2 countries all over the world, I believe that Paypal will not be the only one that accept Bitcoin, a lot of other online market will also accept Bitcoin for payment as well.

[Agetan]

Undoubtedly, bitcoin is already better than paypal by its highest demand and even better than other world assets like gold.
People no more like to bear feableness of paypal. Paypal either have to embrace bitcoin as one of their payment method or they must get off sooner.
In just a few years, people will have an option to pay via bitcoin their local shops and the bitcoin will be fully dominating over all payment methods including paypal

I dont think that bitcoin is better than paypal and also gold. Bitcoin is bitcoin and paypal is paypal.. they have very different thing how it can not be compared since they are different at all.

[Victorious5]

Well if we talk about fiat  and crypto market or Bitcoin future I see two possible ways.
First crypto overtake fiat currencies, second fiat currencies convert to crypto.
There is no doubt that Paypal and many others accept Bitcoin.

[ZeroDrifting]

Some traders on Paxful.com uses Paypal to trade in BTC, Its really convenient.

[chineseprancing]

I can't see any wrong in accepting bitcoin of PayPal, maybe accepting bitcoin for PayPal is not a big deal. Otherwise if PayPal and bitcoin combined together I think more opportunities will be open to many people, other than that it PayPal give bitcoin a chance to become more famous and popular to many users and capitalist.

[gesdan]

as i know right now paypal is accept credit card for deposit the money in paypal, but maybe its possible some day that you can use paypal to withdraw your bitcoin, its mean that you can convert your bitcoin into paypal balance and you can withdraw your paypal balance into bank account, but i think it will takes many fees

[iv4n]

    For me,bitcoin is better than paypal. Bitcoin is the famous currency at this moment and time will come paypal will accept bitcoin because of its popularity and most of the people nowadays are use bitcoin.

Bitcoin is better then PayPal and thats why PayPal is losing battle against bitcoin. Paypal is payment processor, u use PayPal as third party service to move your fiat money, bitcoin is doing that by itself. Question is why bitcoin needs PayPal? How can PayPal help bitcoin? I know answers on this questions and I know that PayPal will be useful one day. Bitcoin doesn't need third party services to move them and store them.

[bratko99]

They probably will in the future.
Although, when they will, btc will lose its purpose. They wouldn't let it be anonymous.

[Webetcoins]

For now I think we can't ensure anything if Paypal will accept Bitcoin or not. I think we need to wait a little bit more, when Bitcoin legalized in at least 1 or 2 countries all over the world, I believe that Paypal will not be the only one that accept Bitcoin, a lot of other online market will also accept Bitcoin for payment as well.

I think it is true and it will happen soon. But one thing is really noticeable and that is that bitcoin is digital currency and paypal is real. It is just like other real currencies such as fiat cash, dollar and Euros. If we talk about transaction then transaction of paypal is faster than bitcoin but bitcoin will take more than 40 minutes but it is being recover now people are working on it and soon this problem will be solved.

[globalcitizen]

It's very much a possibility. I'm sure PayPal, Amazon and the likes will have no other choice but to open doors for acceptance of Bitcoin and perhaps other digital assets. Bitcoin and Blockchain is gradually going mainstream.

[1Referee]

Although, when they will, btc will lose its purpose. They wouldn't let it be anonymous.

PayPal (if they will ever accept Bitcoin) will be nothing more than an optional service that people can make use of. If you don't want to use PayPal you don't have to, and honestly, why would you ever want to use a centralized service anyway nowadays? People (mostly faucet and bounty farmers) were solely using these services to obtain free external transactions, but now they have cut that out, there is no reason left to make use of these services anymore. Imagine what these services will go through once Lightning Network makes them even more obsolete than they already are. Bitcoin will never lose its purpose as long as you have the ability to transact on a peer to peer basis.

[Happy06]

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.

Paypal is optional that people cant service because people solely using these services to obtain free external transactions.

[Btc_1856]

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.

Paypal is optional that people cant service because people solely using these services to obtain free external transactions.

Now we have an option in PayPal that we can send the payments to PayPal. In my country I cannot directly withdraw the Bitcoin to my Fiat currency. I have a verified PayPal account it is possible to convert Bitcoin to PayPal currency.

[darewaller]

as i know right now paypal is accept credit card for deposit the money in paypal, but maybe its possible some day that you can use paypal to withdraw your bitcoin, its mean that you can convert your bitcoin into paypal balance and you can withdraw your paypal balance into bank account, but i think it will takes many fees

Yes you can use your credit card or debit card to add some funds to your PayPal account/wallet. So that means if you have, for example, a Xapo debit card, you can also use it to credit your PayPal account. With Bitcoin debit cards like that of Xapo, you can do a lot of things with your Bitcoin, including buying in stores where credit cards are accepted. Next, as for whether Bitcoin will be better than PayPal, I don’t think so, PayPal is more accepted than Bitcoin. But Bitcoin and PayPal can work together in a way, just as I described above in the using your Xapo debit card to credit PayPal.