Bitcoin set to overtake PayPal in 2014

[ShakyhandsBTCer]

Paypal downfall has been and will continue to be their bad customer service and the way they freeze you money for months. I would love nothing more than to never read another piece on PayPal (good or bad) for as long as I live.Go Bitcoin!

Paypal would have been extinct ages ago. But just because Ebay and other online retailers such as Amazon are supporting them, they are able to survive. Now with Bitcoin around, they won't survive for too long, even with the help from Ebay.  

paypal is huge, and multiple merchants support paypal payments (newegg, tigerdirect i believe, and a bunch of other online retailers). they are too big to just disappear overnight. maybe they start to see some attrition, but that doesn't mean they'll be marginalized by bitcoin.

Most merchants that accept paypal are very small businesses (and eBay sellers). IMO they are being taken advantage of because there is very little competition. Bitcoin provides that competition.

[Este Nuno]

I would love it if this happens. PP needs knocking down a peg or two. They need to rethink their fees and I hope bitcoin forces them too.

their fees are high because they either destroyed or bought their competition.. that's capitalism for you.

It's not only that. The fees are high because of what it costs them. You can see it in what happened to Dwolla. Dwolla thought that they could come in and undercut PayPal. But then they found out that it's a lot more complicated then they thought and basically became just another PayPal.

I hate PayPal but it's the underlying system that's really the main issue.

[Beliathon]

I stopped reading at "illuminati". Anytime I see that conspiracy theory bullshit, I know it corresponds with a low IQ, and I swiftly lose interest.

[Catmoonglow]

Not too sure about their sums here in this article. Overtake Western Union/PayPal THIS year? Bitcoin is nowhere near the volume for same purposes as they are.

[ShakyhandsBTCer]

I would love it if this happens. PP needs knocking down a peg or two. They need to rethink their fees and I hope bitcoin forces them too.

their fees are high because they either destroyed or bought their competition.. that's capitalism for you.

It's not only that. The fees are high because of what it costs them. You can see it in what happened to Dwolla. Dwolla thought that they could come in and undercut PayPal. But then they found out that it's a lot more complicated then they thought and basically became just another PayPal.

I hate PayPal but it's the underlying system that's really the main issue.

Would you say that it is expensive to install consumer protections?

[BetMoose]

Bitcoin set to overtake PayPal in 2014

PayPal is owned by the 13 inbred European Bloodlines of the Terrorist organization Illuminati. Bitcoin is meant to be "the" decentralize cryptocurrency to take them down.
http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25

Ask them to throw this up as a bet on betmoose - I'll gladly counter it. Maybe in 2016/2017, not this year, sorry.

[ChuckStrawberry]

I think its just an attempt to keep the up price momentum going.