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Author Topic: PayPal announced partnerships with BitPay, Coinbase and GoCoin.  (Read 192 times)
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July 14, 2018, 10:36:04 PM
 #1

Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal's first formal offering to the bitcoin community. In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables customers to accept credit cards, mobile carrier payments and other payment methods through a single integration.

PayPal is available in 193 markets and 26 currencies. With 143 million active registered accounts and $6.6bn in revenue at the end of 2013, the e-commerce giant brings the potential for new users and new business to the bitcoin economy.

https://www.coindesk.com
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July 14, 2018, 10:38:28 PM
Merited by pooya87 (1)
 #2

This was an old news from 2014.
PayPal Partners with BitPay, Coinbase, and GoCoin



.
.BITVEST DICE.
HAS BEEN RELEASED!


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July 14, 2018, 10:45:25 PM
 #3


PayPal Filed a Patent to Speed Up Crypto Payments, Bitcoin Dev Argues It Already Exists

PayPal has filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of payments. Bitcoin expert argues that this is already made possible through existing technologies in the cryptocurrency industry. On March 5, 2018, Cointelegraph reported that PayPal filed a patent with the US Patent and Trademark Office (USPTO) for a technology that is supposed to speed up cryptocurrency payments through the utilization of secondary wallets.

Essentially, PayPal seeks to optimize the process of settling cryptocurrency payments between merchants and buyers, on retail or e-commerce platforms. The secondary wallets of users, as described in the official patent, would allow the unique private keys of buyers and sellers to be transferred behind the scenes, to prevent every transaction from being included in blocks and broadcasted to the public Blockchain.

https://cointelegraph.com/news
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July 14, 2018, 10:50:03 PM
 #4

-snip-
That news was different from what OP has posted. By the way, this is a good news you shared.  Smiley



.
.BITVEST DICE.
HAS BEEN RELEASED!


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July 14, 2018, 10:51:13 PM
 #5

sound good,sure it had huge potential in future, but do all these have bounty program? 😁I'm very interesting

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July 14, 2018, 10:59:37 PM
 #6

That news was different from what OP has posted. By the way, this is a good news you shared.  Smiley

Bitpay is owned by Paypal ??
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July 14, 2018, 11:17:59 PM
 #7

Wow, this sounds like fantastic news! With a dedicated partnership between coinbase and PayPal, there is sure to be more trust centered around Bitcoin. The more people that begin to adopt it, the higher the market value will grow.
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July 14, 2018, 11:20:41 PM
 #8

That news was different from what OP has posted. By the way, this is a good news you shared.  Smiley

Bitpay is owned by Paypal ??
No they are two separate companies.In my eyes,partnerships are useless.I mean,yeah PayPal is now Coinbase/BitPay partner,so what?Don't forget that it doesn't mean that Paypal will adopt Bitcoin or other cryptocurrencies,the proof is that a partnership was already announced 4 years ago as some of you said.

Edit:  Shocked It's not even an official statement;I would be really pleasantly surprised if it's real

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July 14, 2018, 11:28:13 PM
 #9

e-commerce services always find good innovation, I think that big e-commerce boss better understands the condition of crypto growth in the future.

paypal helps many people, I think that the prospects of paypal in the future will be better with the crypto world.

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July 14, 2018, 11:46:37 PM
 #10

This is a good news for Bitcoiners and cryptocurrencies supporters.
Personally I use Neteller because it accepts Bitcoin deposits via Bitpay which makes exchanging BTC to FIAT very easy and doesn't tax high fees.
If PayPal start accepting Bitcoin deposits then the price will skyrocket.

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July 14, 2018, 11:52:24 PM
 #11


PayPal Filed a Patent to Speed Up Crypto Payments, Bitcoin Dev Argues It Already Exists

PayPal has filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of payments. Bitcoin expert argues that this is already made possible through existing technologies in the cryptocurrency industry. On March 5, 2018, Cointelegraph reported that PayPal filed a patent with the US Patent and Trademark Office (USPTO) for a technology that is supposed to speed up cryptocurrency payments through the utilization of secondary wallets.

Essentially, PayPal seeks to optimize the process of settling cryptocurrency payments between merchants and buyers, on retail or e-commerce platforms. The secondary wallets of users, as described in the official patent, would allow the unique private keys of buyers and sellers to be transferred behind the scenes, to prevent every transaction from being included in blocks and broadcasted to the public Blockchain.

https://cointelegraph.com/news

The news came from cointelegraph only? Maybe I will believe it if it will come from PayPal itself. I don't fully believe the news if it only came from cointelegraph and no confirmation from the subject itself. But this news is better than FUD. I hope that PayPal will release their statement about it.


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First77
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July 15, 2018, 03:41:05 AM
 #12

If PayPal start accepting Bitcoin deposits then the price will skyrocket.

India and China should be removing their ban on Bitcoin.
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July 15, 2018, 02:36:41 PM
 #13

This is great news for the cryptocurrency. It helps to increase adoption of cryptocurrency in the e-commerce market and transaction of cryptocurrency or bitcoin.
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July 15, 2018, 02:38:33 PM
 #14

Nice! What a good news!
Hope in August the market will be green again and we'll make profit on that. The market has been in down trend for many months...
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July 15, 2018, 04:48:34 PM
 #15

The news came from cointelegraph only? Maybe I will believe it if it will come from PayPal itself. I don't fully believe the news if it only came from cointelegraph and no confirmation from the subject itself. But this news is better than FUD. I hope that PayPal will release their statement about it.

why did paypal users fell from 173 million to 143 million   Cheesy
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July 15, 2018, 04:57:09 PM
 #16

PayPal was always against the crypto currency and never recognized it, but now it seems that PayPal has surrendered and realized that the crypto currency will make it more competition and therefore decided to cooperate.
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July 15, 2018, 04:59:22 PM
 #17

What a good step for cryptocurrency market,  Pay Pal is one of the most huge payment tool in the world.  I hope this will affect market positive.

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July 15, 2018, 05:31:36 PM
 #18

This is good, If paypal starts to accept BTC as a payment method then that I think the prices would go up, Paypal is one of the most used wallets out there, it really is good to see that they are in partnerships with Coinbase and the other ones, I think that people will also start to recognize cryptocurrency as well, this is just good news, and I am looking forward for this to happen.

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July 15, 2018, 05:36:35 PM
 #19


There is nothing left to comment on this now. Op should lock this thread now.
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July 15, 2018, 05:41:19 PM
 #20

Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal's first formal offering to the bitcoin community. In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables customers to accept credit cards, mobile carrier payments and other payment methods through a single integration.

PayPal is available in 193 markets and 26 currencies. With 143 million active registered accounts and $6.6bn in revenue at the end of 2013, the e-commerce giant brings the potential for new users and new business to the bitcoin economy.

https://www.coindesk.com

Wow, If Paypal will connect to Bitcoin.. will be good for us.
Because many users use paypal and new users will be use bitcoin too.
Thanks!

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