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Author Topic: Why is Paypal accepting Bitcoin a good thing?  (Read 3177 times)
51percemt
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October 08, 2014, 04:21:00 AM
 #41

Yeah, like the other poster said, it makes Bitcoin seem more legit and moves it away from the idea that Bitcoin is used by drug dealers, Terrorists groups, arms dealers.
Very true. Paypal doesn't really have a use for us, but it will make the public happier and more enthusiastic about bitcoin.

Actually a bad thing to associate Paypal name with bitcoin.

All merchants know Paypal days are numbered whether they will adopt bitcoin or not.
Even if PP's days are numbered does not mean that the adoption rate for PP is not huge now. PP is a good (yet very expensive) way to allow for merchants to be able to accept payment from a large variety of customers
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DhaniBoy
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October 08, 2014, 05:23:37 PM
 #42

Yeah, like the other poster said, it makes Bitcoin seem more legit and moves it away from the idea that Bitcoin is used by drug dealers, Terrorists groups, arms dealers.
Very true. Paypal doesn't really have a use for us, but it will make the public happier and more enthusiastic about bitcoin.

Actually a bad thing to associate Paypal name with bitcoin.

All merchants know Paypal days are numbered whether they will adopt bitcoin or not.
Even if PP's days are numbered does not mean that the adoption rate for PP is not huge now. PP is a good (yet very expensive) way to allow for merchants to be able to accept payment from a large variety of customers

bitcoin payments may alternatively be used, even now accept Paypal daan ebay already bitcoin as currency transactions there, I hope this can last long ... Smiley

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Timetwister
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October 08, 2014, 05:30:43 PM
 #43

If Bitcoin has more uses, caeteris paribus, its value increases. So it's great that known sites accept it.
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