Bitcoin Vs. Paypal

[o_o]

Bitcoin can't be compared to PayPal in my opinion because they are too different, BTC is considered a semi-anonymous payment method and PayPal is heavily regulated.

[grandFX]

yeah. I choice bitcoin for trading and choice paypal for online shoping.

[mancala]

Are you talking about the users who are using both btc and paypal? or the usability?

[Yuki1988]

Well, while reading at it. Bitcoin had been a challenger to paypal. Which is more useful and highly digitized currency now? What do you think or which do you prefer? 

Can BitCoin replace X (insert whatever payment form/currency you like here)? No. At least, not at this point. When transactions for speculative buys (investments or essentially day trading) range thirty times higher than transactions from actual utility (buying merchandise) by many estimates, the market is simply too volatile. When something halves or doubles in a matter of days, there cannot be confidence in it to lead to mass adaptation.

Can BitCoin someday find a (likely large) following, and potentially displace some heavyweights in the payment/currency world? Absolutely. But it wont, until it stops holding value based on speculation, and starts holding value based on utility.

I totally agree that bitcoin price is too volatile now to be used as a currency. Most of the sites accepting bitcoin now are in fact using bitpay or coinbase to immediately convert the bitcoin payment to fiat money.

Btw, where did you get the 30x estimate?

[arxwn]

They mostly do wishful thinking and project previous performance.
The true story is nobody knows. If the foundation is still there (which i personally believe it is) it will come back.
Otherwise just spend it or gamble it all.

[grosminer]

https://www.paypal-community.com/t5/PayPal-Forward/PayPal-and-Virtual-Currency/ba-p/828230

Great news!

[cryptomad]

Paypal is Accepting bitcoin So i guess the answer to the question is Both

[JohnLennon]

Apple Pay—the greatest media/marketing beat up yet of the 21st century! Too bad all that hot air will soon enough cool …

[BuluIdung]

https://www.paypal-community.com/t5/PayPal-Forward/PayPal-and-Virtual-Currency/ba-p/828230

Great news!

uyes great news!
I hope bitcoin prices may rise higher

[orsotheysaid]

So when will this be operative in ebay? I have seen nothing there yet, no merchant is accepting BTC and I see no option to set btc acceptance oficially.

[fathur01]

So when will this be operative in ebay? I have seen nothing there yet, no merchant is accepting BTC and I see no option to set btc acceptance oficially.

Acceptance will completely rely on sellers deciding they want to take btc. They wont be forced unlike credit card or bank transfers through paypal.

[Gambiteesee]

So when will this be operative in ebay? I have seen nothing there yet, no merchant is accepting BTC and I see no option to set btc acceptance oficially.

No words as of now but what ive read is that paypal's merchants are accepting btcs now.

[Testing123]

So when will this be operative in ebay? I have seen nothing there yet, no merchant is accepting BTC and I see no option to set btc acceptance oficially.

Acceptance will completely rely on sellers deciding they want to take btc. They wont be forced unlike credit card or bank transfers through paypal.

But I can't think of any disadvantage for the sellers to accept bitcoin. Since Paypal is partnered with Bitpay and Coinbase, the bitcoin payment will be converted to USD immediately so the bitcoin price fluctuation should have no effects on the sellers.

[LastRoby]

obviously bitcoin..

[DigitalPirateman]

I think bitcoins wins because now paypal accepts bitcoin. But i think it killing the value of bitcoin.

[Lady_Cake]

I'd say Bitcoins, but Paypal has more "audience".
There are much more people that using Paypal for payment instead of Bitcoins, it's like Paypal is more "user friendly"
 

[Muhammed Zakir]

I'd say Bitcoins, but Paypal has more "audience".
There are much more people that using Paypal for payment instead of Bitcoins, it's like Paypal is more "user friendly"
 

It's not 'PayPal is more user-friendly', it is that people still haven't heard about BTC. BTC is being accepted. Once it is accepted widely, most of the users will start using BTC more  than paypal like now as it offers least fees, more security and IS more user friendly than PayPal!

  ~~MZ~~

[BillyBobZorton]

Considering more and more stuff is going digital, Paypal are simply taking an obvious step in the right direction.. On the other hand, what if you pay someone and they don't actually give you the files? There's not even a way to get your money back.

[vipgelsi]

At least sellers dont have to worry about chargebacks. 

[krishatnet]

Tranaction fees are very high in paypal compared to bitcoins. There are many rules in paypal.