Paypal + Bitcoin: Welcome to the promised land!

[ticoti]

Braintree CEO live
http://techcrunch.com/events/disrupt-sf-2014/live-video/

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[promojo]

ONE TOUCH!   Sign me up! hahaha - that would of been his time to name drop BITCOIN.  Fail.

[ticoti]

Braintree accepts bitcoin by means of coinbase  https://twitter.com/coinbase/status/509050652308549633

[beetcoin]

oh, and i find it strange that everyone is rejoicing when practically the entire forum here hates the living shit out of paypal.

Mass acceptance/adoption is, generally speaking, what Bitcoin advocates want.  Everyone uses PayPal.  Accepting Bitcoin provides legitimacy and, effectively, free advertising.  Ultimately new-to-Bitcoin PayPal users will learn that they can use Bitcoin without PayPal.

Besides, most of the PayPal horror stories involve sellers.  For consumers using PayPal, it's a different story.  So as a consumer, why not have a PayPal account with a "legit" Bitcoin wallet built in for your "legit" bitcoins?  It would be the first of its kind: a wallet seamlessly integrated almost everywhere that lets you choose between funding transactions from your bank account, debit and credit cards and Bitcoin balance.

Exactly, Network Effect, value increases if userbase increases, and we also like speculative bubbles.

we've had at least 5 major corporations that have begun to accept bitcoin this year.. and where has the price gone? for me, i think the real moon lies with the ETF.. that's when billions of new money will come flowing it. with guys like paypal/newegg/dell/overstock and the like, they only make bitcoin move around the blockchain more, which ends up back at the exchanges and lowers the price.

Speculative bubble price correction, if late 2013 bubble hadn't happened you would just see price increasing slowly over time.

bitcoin has never worked like that, so i have no idea how you got to that conclusion. it's always been a meteoric boom or bust for bitcoin. i've never seen bitcoin "gradually increase over time." i've only seen it multiply 10 fold within a short span, and then stabilize for a while until the same thing happens again.

[cmacwiz]

Lol, they jerkin us around! Second big announcemen: BTC!

[Junkey]

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

"Braintree merchants using Coinbase will receive all the benefits associated with accepting bitcoin payments, including 1% flat transaction fees (waived for the first $1M in bitcoin sales) with no additional costs, all while avoiding exposure to any currency volatility risk thanks to Coinbase’s Instant Exchange feature."

[runam0k]

Yeap, building into their Braintree software (i.e. the one used by Uber, Airbnb, Dropbox, etc).

“This is PayPal making a move to embrace Bitcoin,” Ready said, pointing out that Braintree is the go-to developer platform for PayPal.

http://techcrunch.com/2014/09/08/paypal-braintree/

[BittBurger]

Do you all feel that this really is any different from, say, Shopify "adding bitcoin" as an "option" for their thousands of customers?   I don't want to be pessimistic, but all this adds is the option "for those who want to use Bitcoin".   Its not like "Paypal is using Bitcoin" as part of its business model.  Technically.   Thoughts?

-B-

[de_ixie]

Yes baby 

[pedrog]

Mystery solved, Paypal on board, quite awesome!

[ticoti]

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

[superpanos2]

Oh that's good news.
There were already rumours about this, but we just got a confirmation...
Personally I don't think Paypal  is the hero of bitcoin, but it will still give a boost in global adoption.
However, btc does very well alone..

[juju]

Found two articles on forbes and bloomberg about it:

http://www.forbes.com/sites/ryanmac/2014/09/08/ebay-announces-first-foray-into-bitcoin-with-braintree-unit/

http://www.bloomberg.com/news/2014-09-08/ebay-s-paypal-unit-to-start-accepting-bitcoin-payments.html

[franckuestein]

Finally great news, of course!
Ready says that PayPal is partnering with Coinbase to enable a Bitcoin-based payment system. "This would be PayPal's first foray into Bitcoin" he said. "But it's via the Braintree platform.

"That service is still in the works, he says, and it won't be handled exclusively through PayPal -- merchants interested in using the emerging system will need a Coinbase wallet to accept payments.

Of course, PayPal just gave hundreds of bitcoiners an erection
Announcement: http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

[iluvpie60]

when i watched this it sounded like a joke, saying it is magical money is like getting in a dig isn't it? paypal has an app that can act just like bitcoin is what it sounds like they are saying?? am i the only one who thinks they are making fun of bitcoin kind of here? i dont get this weird commercial...

[niktitan132]

Awesome news! 

[Jay Gatsby]

Yesssss!!! this makes me so happy

[valkir]

That's a really nice news!  

[keithers]

Paypal implementing BTC would be a huge step for BTC because it would be an added layer of security for Buyers who are paying in BTC.   As of right now, buyers (paying in BTC), have to rely heavily on the seller's reputation, and/or escrow  to make sure they are protected once they make a BTC payment.

If Paypal brings on BTC, it will give that same security for buyers that it does for sellers.   Paypal + BTC would be a nice transaction.

[BitCoinDream]

https://www.youtube.com/watch?v=pF7HxLCFMeY&feature=youtu.be&t=8s

Probably I'm missing something. I checked the video. A lot of people are talking about Bitcoin in the comment. But where is Bitcoin logo in the vid ?