Paypal accept bitcoin

[MyIdeas]

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.

So, are you paying anything to paypal and to your government when you convert the money from bitcoin to your local currency? Please tell us more about it as I have read that if you convert your bitcoin to your local currency via PayPal, then you have to pay to exchange, and then the PayPal authorities and then the local authorities of your country about the money. If it is correct, then I think we need to find some alternative way.

[HoaNguyen]

In the future, I hope Paypal will be the intermediary to accept payments Bitcoin because they can see the limitations of Bitcoin at the present time that is if moving the wrong address, is sure to lose all of Bitcoin has moved. I hope Paypal accept Bitcoin and will be the intermediary to transfer the money to the different addresses, in case of mistake will be able to regain some Bitcoin moved. But there is a disadvantage that the cost per transaction will be higher than at present, but to avoid the risk then I saw the intermediary Paypal stands out in every Bitcoin transaction would be perfectly reasonable.

[kucritt]

maybe someday because of the bitcoin popularity increased maybe someday paypal will accept bitcoin as the payment and maybe we can do some trading in Paypal, bitcoin is better than paypal? i think both of them have a advantages and disadvantages too so we can't tell about who is the most better currencies

[darewaller]

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.

I think so PayPal is the most authentic and reliable source of transferring money. Most of the online jobs companies pay with PayPal. But in most countries the PayPal services are not available and the people face difficulties in their payments. If PayPal start accepting bitcoin then most people in different countries will benefit from it. I will really appreciate this because it is the need of the day.

[bhadz]

1. Yes
2. This is possible, paypal is a well known payment processor and they want to take it as an advantage instead of competing against bitcoin.
3. I think bitcoin can be better than paypal but I don't know when it will happen.
4. For now, both has high fees so I can't decide.

[Sorliand]

Paypal can accept bitcoin indirectly like accept card using bitcoin or accept something like payeer.

in future may be find bitcoin used more than paypal

[Pandarian]

PayPal better or Bitcoin better will depend on ther users. If person want annoymity over safty over his payment he will choose BTC. If someone wants safty of their payment, ability to charge back etc, he will like PayPal.

[A.Chanaka Bandara]

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 ?

My Ideas about four questions.

1) defeneedly I think so. In next year I will hope to hear that news.
2) yes. I hope paypal will accept because a lot of people use BTC right now.
3) BTC is the best. Because if paypal use, we need physical currency. But BTC is direct digital currency.
4) we can't earn more money using paypal. only spend money using paypal but we can earn money by trading BTC.

[Kevondo]

Paypal can accept bitcoin indirectly like accept card using bitcoin or accept something like payeer.

in future may be find bitcoin used more than paypal

It think paypal is being use more than bitcoin and it is could currency today now paypal is a payment and it might be associated with bitcoin now bitcoin is being support by paypal and it has gained the support of worldwide and increase more if bitcoin will be invested by a lot of people with paypal investors. So no doubt we will see many websites including paypal will accept bitcoin.

[jonatuzc]

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

PayPal is totally different concept and bitcoin is crypto currency. Whether PayPal increases or decreases it’s none of our business. Now if we draw a comparison, the first thing is that PayPal is not totally online and in some parts of the world, its not even considered the currency.

Where as crypto currency is slowly taking over the online system and I think in near future, it will takeover the all online money transfers platforms.

[rhamzter]

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

PayPal is totally different concept and bitcoin is crypto currency. Whether PayPal increases or decreases it’s none of our business. Now if we draw a comparison, the first thing is that PayPal is not totally online and in some parts of the world, its not even considered the currency.

Where as crypto currency is slowly taking over the online system and I think in near future, it will takeover the all online money transfers platforms.

I heard that PayPal are ready to accept and join forces with crypto currency, but I think it will not happen for now, maybe it takes time before finalize and establish that partnership of 2 big companies. In my opinion it gives a lot of opportunity if this partnership will become successful but not for now they need to study it carefully.

[passwordnow]

PayPal does have some disadvantage for both users, receivers and senders. Someone can dispute the transaction base on his own will and it will all depend on how PayPal will take bitcoin seriously. I have read some rumors if that's right that they are already taking a look at bitcoin.

[Kapz786]

Would be really interesting to see if it would ever happen but unfortunately the current trend is more places are dropping Bitcoin than picking it up due to the fee's and confirmation times so it would be going against the trend. There is definitely a future in Bitcoin but with the sort of congestion we are seeing it just means more alt coins like Bitcoin Cash, Litecoin etc will be advantageous to use for this purpose. Paypal also pretty much have a monopoly on the fiat transfer market so there is room for more competition. I know of at least a few businesses similar to paypal that accept crypto currency so it will be interesting to see if they become more widely accepted.

[iluvbitcoins]

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 ?

i dont know but i believeit

No man, why the hell would anyone use PayPal with bitcoin, it loses its purpose.

PayPal - centralized
Bitcoin - decentralized

PayPal- reversible
Bitcoin - irreversible

PayPal- elgible to get your funds seized
Bitcoin - not elgible for that

[ssuchy]

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 ?

i dont know but i believeit

No man, why the hell would anyone use PayPal with bitcoin, it loses its purpose.

PayPal - centralized
Bitcoin - decentralized

PayPal- reversible
Bitcoin - irreversible

PayPal- elgible to get your funds seized
Bitcoin - not elgible for that

I do not understand Why many people generally put such questions, regarding Bitcoin and such a payment system as PayPal. After all, these are practically two different things that lie in different planes of the world's financial pyramids. In short, there is nothing in common here and I fully agree with your examples.

[the1world]

i think paypal is better for now BTC still have limit maybe 2 years from now BTC will be better

[Babyrica0226]

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 ?

For Paypal Bitcoin is one their major competitor in terms of online transaction payment, time will come and we just don't know when will happen but for sure they will accept bitcoin in the end where they can't do anything to defeat bitcoin. So in the last they will join the trend for sure.

[@Mhaiang]

well if i were to compare paypal from btc, i would choose the bitcoin of course. Aside from its amazing features, it is already international and has the potential to burst in the next year.

[Tutikv]

I think bitcoin will be higher in price compared to paypal, see the development of bitcoin users is currently growing, now bitcoin already worth above $ 14000

[Kiweikoo]

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.

So, are you paying anything to paypal and to your government when you convert the money from bitcoin to your local currency? Please tell us more about it as I have read that if you convert your bitcoin to your local currency via PayPal, then you have to pay to exchange, and then the PayPal authorities and then the local authorities of your country about the money. If it is correct, then I think we need to find some alternative way.

This is interesting news, because PayPal is world leading money exchange company and many companies pay to their foreign workers through PayPal. It will be easy for all the users of PayPal to receive their payments direct to their bitcoin wallet.

For PayPal it is also convenient to pay in bitcoin. It seems that now the world is gradually turning towards accepting and using bitcoin all over the world which is a good sign.