[2014-09-23] CD: PayPal Announces First Partnerships in Bitcoin Space

[LiteCoinGuy]

PayPal Announces First Partnerships in Bitcoin Space

PayPal has announced partnerships with the three largest payment processors in the bitcoin space – BitPay, Coinbase and GoCoin.

http://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space/

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


paypal sucks but good news for Bitcoin  

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[hacknoid]

Very interesting news... but what does this mean in terms of Braintree's development?  Is this in parallel to that payment method? 

Certainly looks like Paypal is venturing (cautiously) into the deep Bitcoin waters... certainly could open it up to much more mainstream adoption.

[Darkmatter12]

The news came in at the right time.

[LiteCoinGuy]

Very interesting news... but what does this mean in terms of Braintree's development?  Is this in parallel to that payment method? 

Certainly looks like Paypal is venturing (cautiously) into the deep Bitcoin waters... certainly could open it up to much more mainstream adoption.

its confusing but Braintree is paypals payment section or something like that. we will see a slow adoption here.

but whats wrong with the bitcoin price? good news and the price is rising? woot? 

[LiteCoinGuy]

http://www.coindesk.com/bitcoin-price-surges-positive-paypal-news/

[gmx95]

PayPal Announces First Partnerships in Bitcoin Space

PayPal has announced partnerships with the three largest payment processors in the bitcoin space – BitPay, Coinbase and GoCoin.

http://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space/


paypal sucks but good news for Bitcoin 

I seriously hope bitcoin would not start to suck because of paypal. There are so many merchants who were burned by paypal over the years, that this news makes many people weary.

[LiteCoinGuy]

Techcrunch: PayPal Enables Bitcoin Transactions For Merchants Selling Digital Goods

http://techcrunch.com/2014/09/23/paypal-bitcoin/

[LiteCoinGuy]

Apple nudges PayPal deeper into bitcoin

While it’s unclear whether bitcoin will play a part in Apple Pay, Apple did lift its ban on bitcoin apps earlier this year, and it will eventually open up Apple Pay to developers, potentially enabling third-party interaction between bitcoin and Apple Pay.

“I think PayPal recognizes they are at risk on a number of fronts and is becoming far more aggressive about meeting a wider variety of customer needs as a result than they otherwise would be,” said Rob Enderle, principal analyst at the Enderle Group.

http://www.marketwatch.com/story/apple-nudges-paypal-deeper-into-bitcoin-2014-09-23

[Mowcore]

New Paypal partnership enables limited Bitcoin payments

http://www.bbc.co.uk/news/technology-29341886

Bless the BBC, always late to the game.

[cryptofan5]

Despite of what many big companies hoped in the past few years, bitcoin did not die. So the likes of PayPal have to think how to get a piece of the action or at least to try to be close to it.

[LiteCoinGuy]

Why Paypal's move is great news for bitcoin

http://video.cnbc.com/gallery/?video=3000313188&play=1

[CoinMode]

PayPal Announces First Partnerships in Bitcoin Space


paypal sucks but good news for Bitcoin  

Indeed they do, for now. The main reason that Paypal has had such massive fees and restrictions is due to the fact that they've always been bound, completely, by the current financial institutions. Their fees have to be extremely high because their service has to pay a metric-ton of money to the banks and credit agencies. Basically, you get nickel and dimed to hell because Paypal gets nickel and dimed to hell by the vampire squids in NYC. Once the banks and creditors start to lose their grip on world finance, Paypal will finally have the choice to offer the customer an extremely cheap way of buying/selling things online.

This has been a coming for a long time, and perhaps Paypal will choose to act exactly like the agencies it is replacing and charge huge fees regardless of the massive savings it will get using bitcoin. Only time will tell, but I've got my fingers crossed.