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Author Topic: Wow, Paypal is #Bitcoin now!  (Read 1839 times)
ChuckBuck
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September 16, 2014, 07:37:17 PM
 #1

I know, old PayPal news from last week, but none the less cool seeing something I would never thought would occur a year or 2 ago:



Hey it's a start of something bigger, and hopefully users are intrigued enough to give it a shot instead of just tying it to their bank and credit cards like they normally do.


News from last week:

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

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September 16, 2014, 09:53:31 PM
 #2

paypal has been speaking not unkindly of bitcoin for a long time. They know thier payment systems and btc is a no brainer.

it is happening faster than i thought though. I wish my btc tx confirmations happened that fast lol.

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September 16, 2014, 09:59:20 PM
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That's huge, let's see if the value will be affected by it...

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September 16, 2014, 10:28:51 PM
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yeah i saw this, also cnn is in
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September 16, 2014, 10:29:05 PM
 #5

So have they actually stated how exactly they'll be integrating it? I haven't seen any details at all and the mentions it gets from them are always small and vague.  Being able to spend bitcoins anywhere that accepts PP would be huge though and exactly what we need.

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September 16, 2014, 10:37:17 PM
 #6

The new commercial that says "can send bitcoin with a tap" is the first thing you now see when you go to paypal.com

I think it is coming soon Smiley
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September 16, 2014, 10:39:42 PM
 #7

So the video posted on youtube by paypal said really "bitcoins", I was thinking not for a while.

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September 16, 2014, 10:41:23 PM
 #8

paypal's bitcoin integration?

well as a paypal user since 2006 I'm not gonna use paypal's bitcoin services.

paypal is for lunatics...
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September 16, 2014, 10:44:48 PM
 #9

Paypal sucks, they blocked my friend account after 7 years usage without real reason (7 years of same usage)

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September 16, 2014, 11:16:37 PM
 #10

I'm not a HATER of paypal but I don't like them! It's a nice news, bitcoin is becoming important!

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September 17, 2014, 12:13:09 AM
 #11

Looks more like they put the #bitcoin hashtag there to interject their marketing material into that feed.

Sell bitcoins using #paypal if you like receiving unsecured, reversible, and fraudulent payments.
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September 17, 2014, 12:32:50 AM
 #12

is there any ETA?

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September 17, 2014, 12:34:03 AM
 #13

So have they actually stated how exactly they'll be integrating it? I haven't seen any details at all and the mentions it gets from them are always small and vague.  Being able to spend bitcoins anywhere that accepts PP would be huge though and exactly what we need.
The hoops necessary for a business to jump through in order to accept bitcoin are already very small. Not only that but setting up an account with coinbase or bitpay would save a merchant a lot over what paypal charges. The merchant could use the fact that paypal accepts bitcoin as an excuse not to accept bitcoin directly or indirectly via coinbase/bitpay. This would cause users of bitcoin to not realize the cost savings associated with bitcoin.

From what I have read "braintree is going to accept bitcoin" and AFAIK there are no additional details above this availabe.

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September 17, 2014, 12:46:30 AM
 #14

there is a way for PP to do this properly and help BTC but i doubt they will do that.

it would be something like:
1. everybody who wants to buy/sell BTC has sign some agreement and put 2FA as obligatory
2. when buying they add their wallet + amount
3. paypayl 'escrows money' till it sees this on blockchain

so there would be 100% no refund on those deals

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September 17, 2014, 03:21:33 AM
 #15

there is a way for PP to do this properly and help BTC but i doubt they will do that.

it would be something like:
1. everybody who wants to buy/sell BTC has sign some agreement and put 2FA as obligatory
2. when buying they add their wallet + amount
3. paypayl 'escrows money' till it sees this on blockchain

so there would be 100% no refund on those deals


Probably something like this.  Also, I imagine both the buyer and the seller would have to have verified Paypal accounts, so no anonymity.

In any case, if the process of purchasing Bitcoin via Paypal is made simple, it will knock down some barriers to entry for millions of people.

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September 17, 2014, 08:01:39 AM
 #16

Take a week off and your telling me paypal was taking bitcoin to the next level
I heard rumors but nice to see more data on it
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September 17, 2014, 09:36:02 AM
 #17

I know, old PayPal news from last week, but none the less cool seeing something I would never thought would occur a year or 2 ago:



Hey it's a start of something bigger, and hopefully users are intrigued enough to give it a shot instead of just tying it to their bank and credit cards like they normally do.


News from last week:

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

This is pretty good news since I am a PayPal user also...  Grin  Cheesy

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