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Author Topic: PayPal VISA and other companies with BTC. It is good?  (Read 1508 times)
Kprawn
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September 17, 2014, 11:30:53 AM
 #21

Lots of people against this, saying we need to promote our own crypto payment processors, like BitPay / Coinbase etc.

But the thing is, PayPal already has a huge user base and it's a household name. So for adoption, it would help a great deal, if we could target that market.

Higher adoption = higher price and that is good for my pocket.  Wink



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September 17, 2014, 12:28:12 PM
 #22

I agree, I am seeing mixed opinions on PayPal accepting because people believe we should be pushing the payment systems we already have but the thing people do not seem to be realising is that PayPal is already very popular with so many people all over the world and having them accept bitcoin is one way to get the word out to those who either are unsure about bitcoin or do not know much about bitcoin. This in my opinion if PayPal do not start making silly policies could be a great thing for bitcoin.
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September 17, 2014, 12:59:43 PM
 #23

Define 'good' and 'positive'. Those words mean different things to different people in different situations.
If I could fund my PayPal account with Bitcoins and pay any other PayPal user in their currency of choice, that would be convenient. If I could receive funds from others through PayPal and withdraw those funds as Bitcoins, that would also be very convenient.
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September 17, 2014, 01:11:25 PM
 #24

Meanwhile I was reading in some places about the growing of several companies acepting BTC, saw other posts claiming the Paypal's integration or VISA's acceptance could be take troubles in long terms for cryptocurrencies. I was wondering how?

On the other hand, posts saying the integration mentioned before is a good signal, signal of companies that realized the importance of BTC and in a short future, other currencies. How is positive anyway?
It will be good, but will influence on price. so all this will be good for BTC and make it more stable, but will make price of BTC lower since there will be more chances to spend them.

Yes, if this is way to the BTC stability is good step forward.
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September 17, 2014, 01:31:55 PM
 #25

Define 'good' and 'positive'. Those words mean different things to different people in different situations.
If I could fund my PayPal account with Bitcoins and pay any other PayPal user in their currency of choice, that would be convenient. If I could receive funds from others through PayPal and withdraw those funds as Bitcoins, that would also be very convenient.

But that's not how the paypal visa works. It is, by all accounts, a regular credit card with a credit limit. You pay it off by transferring funds to your account by a certain date. I'm sure paypal would accept BTC to pay it, but all paypal is going to do is convert to USD to avoid volatility risk. So... what is the point?
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September 17, 2014, 01:32:36 PM
 #26

The more Bitcoin gets used the better.
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September 17, 2014, 01:35:25 PM
 #27

Conquer everything! Go Bitcoin!

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September 17, 2014, 02:58:03 PM
 #28

Define 'good' and 'positive'. Those words mean different things to different people in different situations.
If I could fund my PayPal account with Bitcoins and pay any other PayPal user in their currency of choice, that would be convenient. If I could receive funds from others through PayPal and withdraw those funds as Bitcoins, that would also be very convenient.

But that's not how the paypal visa works. It is, by all accounts, a regular credit card with a credit limit. You pay it off by transferring funds to your account by a certain date. I'm sure paypal would accept BTC to pay it, but all paypal is going to do is convert to USD to avoid volatility risk. So... what is the point?

Let's call it Visa debit card for digital currency.
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