Topic: And You Say Paypal Will Never Embrace Bitcoin - page 2. (Read 3417 times)
Tell me why do you need PayPal at all if you use Bitcoin??
Paypal would never ......okay wait, but amazon will never accept bitcoin 
Im sure you will have to send or receive bitcoins via coinbase, since that is who they partnered up with. So, it will be interesting how its implemented. I think we will just see a link to coinbase.
Better than nothing, but I really expected paypal will be interested to provide exchange service itselves and keep the fees.
I've never been a fan of Paypal, but this is big news for bitcoin. The time to buy is right now.
Im sure you will have to send or receive bitcoins via coinbase, since that is who they partnered up with. So, it will be interesting how its implemented. I think we will just see a link to coinbase.
Better than nothing, but I really expected paypal will be interested to provide exchange service itselves and keep the fees.
Im sure you will have to send or receive bitcoins via coinbase, since that is who they partnered up with. So, it will be interesting how its implemented. I think we will just see a link to coinbase.
It's great news and will certainly be big for bitcoin but I can not help myself on thinking that maybe for a while at least it may be risky to use it We know the problems that PayPal can have using USD and GBP so what is to say it will be any better as early on as them just accepting it?
Fee's are also something I will definitely look into before even considering using it as we all know what PayPal is like for fee's.
Fee's are also something I will definitely look into before even considering using it as we all know what PayPal is like for fee's.
The revolution will not be televised but will be posted in this forum 
I think this is a very good news 
, to da moon !
, to da moon !
Not using paypal for bitcoin maybe for 3 years. I want Paypal not to fck up when I am with them.
It is still too early to say that Paypal will start accepting Bitcoin in the near future. As things stand now, Bitcoin is one of the top rivals for Paypal, and has the capacity to obliterate the latter. We still don't know for sure who was behind Braintree's idea to accept Bitcoins. There is a chance that the whole thing was done without any approval from the Paypal board of directors.
If Paypal adopts BTC, it can also charge fees, but maybe limited to 1%, similar to coinbase or bitpay. I am very interested in storing BTC in my Paypal account and use it in purchasing goods.
What will happen if someone hacks in to your Paypal account and steals all the coins held there? Will Paypal issue a refund? Also, what makes you think that Paypal will charge just 1% fee? For fiat, they are charging around 3-4% in fees, plus other indirect charges. Why should Paypal lower their fees, just to attract a few thousand more users?
They'll probably just deal with thefts how they deal with fiat thefts, though they're probably going to have to change their ways somehow especially with how rife fraudulent chargebacks are.
To me paypal's main reason to get into bitcoin is to grab the business of the unbanked. They cant do this with fiat as well as with bitcoin. Mobile payments are growing. Unbanked will use mobile payments.
It is still too early to say that Paypal will start accepting Bitcoin in the near future. As things stand now, Bitcoin is one of the top rivals for Paypal, and has the capacity to obliterate the latter. We still don't know for sure who was behind Braintree's idea to accept Bitcoins. There is a chance that the whole thing was done without any approval from the Paypal board of directors.
If Paypal adopts BTC, it can also charge fees, but maybe limited to 1%, similar to coinbase or bitpay. I am very interested in storing BTC in my Paypal account and use it in purchasing goods.
What will happen if someone hacks in to your Paypal account and steals all the coins held there? Will Paypal issue a refund? Also, what makes you think that Paypal will charge just 1% fee? For fiat, they are charging around 3-4% in fees, plus other indirect charges. Why should Paypal lower their fees, just to attract a few thousand more users?
So there will be no more post of "PAYPAL BLOCKED MY ACCOUNT BECAUSE IM TRANSACTING BITCOIN" ?
I would not count on it just yet. They may actually get more strict if they want people to use just their Bitcoin services for exchange, rather than buying like a good/service
So there will be no more post of "PAYPAL BLOCKED MY ACCOUNT BECAUSE IM TRANSACTING BITCOIN" ?
The question is how exactly they gonna implement it in their current system
This is what I'm wondering. I reckon they'll just create their own version of bitpay and it'll essentially just be a paypal version of that. I think this is going to be great for adoption if you can use bitcoin to pay for anything where they accept paypal.
We are living in the mutha fuckin future right now people!
Hey, it isn't done yet! Paypal will very probably allow BTC transactions, but what's the point?
BTC are nearly anonymous with a very low fee. If paypal makes them official person to person transactions with a high fee, I'm not sure it's an improvement. Still it could be great news, if paypal becomes an exchange. Most exchange companies today are small companies which can go bust (MtGox), none would stand up against paypal, which would become the dominant player. I'd say this is what they have in mind.
BTC are nearly anonymous with a very low fee. If paypal makes them official person to person transactions with a high fee, I'm not sure it's an improvement. Still it could be great news, if paypal becomes an exchange. Most exchange companies today are small companies which can go bust (MtGox), none would stand up against paypal, which would become the dominant player. I'd say this is what they have in mind.
If Paypal adopts BTC, it can also charge fees, but maybe limited to 1%, similar to coinbase or bitpay. I am very interested in storing BTC in my Paypal account and use it in purchasing goods.
Indeed, BTC in a wallet that is integrated almost everywhere and has your various delivery addresses saved. I assume this is what they will offer. Or they could link it to your online wallet (e.g. Coinbase) and pull coins from there. Either way, perfect for spending coins where your privacy isn't too much of a concern. 
It is still too early to say that Paypal will start accepting Bitcoin in the near future. As things stand now, Bitcoin is one of the top rivals for Paypal, and has the capacity to obliterate the latter. We still don't know for sure who was behind Braintree's idea to accept Bitcoins. There is a chance that the whole thing was done without any approval from the Paypal board of directors.
If Paypal adopts BTC, it can also charge fees, but maybe limited to 1%, similar to coinbase or bitpay. I am very interested in storing BTC in my Paypal account and use it in purchasing goods.
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