Bitcoin Forum
April 23, 2019, 11:07:11 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-09-08] Paypal adopts bitcoin, it's official.  (Read 1607 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
howardb
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
September 08, 2014, 07:42:00 PM
 #1

It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1556060831
Hero Member
*
Offline Offline

Posts: 1556060831

View Profile Personal Message (Offline)

Ignore
1556060831
Reply with quote  #2

1556060831
Report to moderator
DiamondCardz
Legendary
*
Offline Offline

Activity: 1078
Merit: 1028

CryptoSamaritan - crypto-related help


View Profile WWW
September 08, 2014, 07:44:00 PM
 #2

Not bad. Now we just need PayPal itself to accept it and we've got something big. This is very, very good news though!

CryptoSamaritan - mental health resource for crypto-related addiction/depression
Share & support - the more people we reach, the more we can help | Bitcointalk thread | Website
murraypaul
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
September 08, 2014, 08:45:18 PM
Last edit: September 08, 2014, 08:56:05 PM by murraypaul
 #3

It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.

So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries does
This is a test balloon by eBay/PayPal, see what happens without risking any serious business.

BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
howardb
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
September 09, 2014, 01:02:33 AM
 #4

It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.

So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries does
This is a test balloon by eBay/PayPal, see what happens without risking any serious business.
You could not be more wrong, it's Paypal that is absorbing Braintree tech not the other way around. In fact if you listen to the interview he says as much. You don't spend $800million on a company unless they have something you want, in in Paypals case it was a thoroughly modern and flexible payment api. Paypals current api/tech is nothing special at all these days, they know they need to update/upgrade.

It was interesting that the CEO of Braintree referenced the fact that had he spent a LOT of time with the CEO of ebay mapping out what future payment platform should look like.
gmx95
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
September 09, 2014, 01:21:31 AM
 #5

Every time I see something like that I think the price should shoot up on the positive news, but it does not happen. How much more news should come before it affects the price?

Bitcoin and Litecoin trading platform. Up to 100% deposit bonus. Fund with credit card. http://novafxtrading.com/bitcoin-trading
TheButterZone
Legendary
*
Offline Offline

Activity: 2436
Merit: 1010


Pay with SegWit!


View Profile WWW
September 09, 2014, 01:49:28 AM
 #6

Every time I see something like that I think the price should shoot up on the positive news, but it does not happen. How much more news should come before it affects the price?

http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/

Saying that you don't trust someone because of their behavior is completely valid.
Bit_Happy
Legendary
*
Offline Offline

Activity: 1904
Merit: 1019


A Great Time to Start Something!


View Profile
September 09, 2014, 03:11:34 AM
 #7

This is an exciting step in the right direction for BTC, and an important move for Paypal if they are to remain relevant in the future. I wonder how long before Paypal actually integrates Bitcoin?

FYI: We are <snip>
howardb
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
September 09, 2014, 04:01:18 AM
 #8

Every time I see something like that I think the price should shoot up on the positive news, but it does not happen. How much more news should come before it affects the price?

http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/

Thats an absolutely flawed prediction by Citi. Stating that miners are "having to sell their bitcoin" as if they were not selling them before. They clearly don't understand that most mining models return the btc to investors as they are mined, or reinvest a portion in new kit.
murraypaul
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
September 09, 2014, 10:05:17 AM
 #9

It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.

So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries does
This is a test balloon by eBay/PayPal, see what happens without risking any serious business.
You could not be more wrong,

I am right.
Braintree are adopting Bitcoin, PayPal are not.
This is a safe way for eBay/PayPal to try out Bitcoin adoption in a small subsidiary, without risking any impact to their main businesses.

Quote
it's Paypal that is absorbing Braintree tech not the other way around. In fact if you listen to the interview he says as much. You don't spend $800million on a company unless they have something you want, in in Paypals case it was a thoroughly modern and flexible payment api. Paypals current api/tech is nothing special at all these days, they know they need to update/upgrade.

None of that has anything to do with what I said, so I don't know what you think you were responding to.

BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
Kakmakr
Legendary
*
Offline Offline

Activity: 1624
Merit: 1225

★ ChipMixer | Bitcoin mixing service ★


View Profile
September 09, 2014, 01:13:55 PM
 #10

Question is, what does Braintree bring to bitcoin? More people that might use the technology?

How will we benefit from this?

Will the price per bitcoin, go up or down, because of this?

lewentkurt
Full Member
***
Offline Offline

Activity: 218
Merit: 100



View Profile WWW
September 09, 2014, 01:30:58 PM
 #11

Yes for Braintree, but not just yet for all Paypay systems, don't hurry up.
David Rabahy
Hero Member
*****
Offline Offline

Activity: 709
Merit: 500



View Profile
September 09, 2014, 03:28:46 PM
 #12

Every time I see something like that I think the price should shoot up on the positive news, but it does not happen. How much more news should come before it affects the price?
Old adage; buy the rumor, sell the news.
bryant.coleman
Legendary
*
Offline Offline

Activity: 2058
Merit: 1011


https://amastar.net


View Profile
September 09, 2014, 04:33:03 PM
 #13

Yes for Braintree, but not just yet for all Paypay systems, don't hurry up.

lol... if Paypal had actually adopted Bitcoin, then we might have witnessed the BTC-USD exchange rate shooting up to 4 figures. But right now, the exchange rate is going down ($467 in BTC-E). I hope Paypal will adopt the digital currency, latest by 2015 January.  Grin They might be a little concerned about the volatility of the currency.


                                                ▄
                                                ▒▌
                                               ███
                                              ▒███▌
                                             ▐█████▌
                                             ███▒███
                                            ███▌ ▐███
                                           ▐███   ▒██▌
                                          ▐▒██     ███▌
                      ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███▌     ▐███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
                        ▀███████████████████▌       ▒███████████████████▀
                                                                ▄▄███▀
     ▐██████▌      ▒█████▌     █████▒       ███▒███          ▄▄███▀
    ▐███  ███▌     ▒██▌▒███   ███▒▒█▒      ███▌ ▒███      ▄▄███▀
   ▄███▒  ▐▒██▌    ▒██▌ ▒███ ███  ▒█▒     ███▒   ▒███   ▄███▀
  ▒████████████▌   ▒██▌  ▒█████   ▒█▒   ▐█████████████▄ ███▌
 ▒███        ████  ▒██▌   ▐███    ▒█▒  ▐▒██▒       ▒██▒▌▐███
                                              ▄███▄      ▒██▌
                                           ▄████▀████▄    ▒██▌
                                        ▄████▀     ▀████▄  ███
                                     ▄████▀           ▀████████
                                  ▄████▀                 ▀█████▌
                                ▐███▀                       ▀███
                                ▒▀                             ▀▒
..
AmaStar
















EARN
FOR
PORN














Bonus from 20%
Ambassador pornstars














ANN   Whitepaper   Telegram   
BountyLinked In   Twitter   
                    ▄
                   ▓▓
                  █▓▓▓
                 ▐▓▓▓▓█
                 ▓▓▓▓▓▓
                ▓▓▓▓▓▓▓▓
               █▓▓▓▓▓▓▓▓█
▀██████████████▓▓▓▓▓▓▓▓▓▓██████████████▀
  ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
     ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
           ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█
           ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
          ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
         ▐▓▓▓▓▓▓▓▀    ▐▓▓▓▓▓▓▓█
         ▓▓▓▓▓▀          ▐▓▓▓▓▓▄
        ▓▓▓▓                ▀▓▓▓
       ▐▓                      ▓▀
Chef Ramsay
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000



View Profile
September 09, 2014, 05:46:29 PM
 #14

Well, the good news is that the building blocks are being placed for a firm foundation for future growth, use and liquidity by the common person.
btcm4n14c
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
September 09, 2014, 07:07:01 PM
 #15

title is misguiding, there is nothing official yet Roll Eyes
Finchy
Sr. Member
****
Offline Offline

Activity: 317
Merit: 250


View Profile
September 10, 2014, 12:19:55 PM
 #16

title is misguiding, there is nothing official yet Roll Eyes

Yeah, all I've been seeing lately is people peddling paypal have adopted bitcoin but they haven't at all. That freaky bitcoin video they put out a few days ago has left me even more confused as to what they're doing, but I won't believe anything till I see them actually state we're adopting bitcoin.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!