I'm not sure but Wences Casares is not just a guy with a vague interest in Bitcoin, they hired him only because of Xapo and his tremendous interest in BTC and I'm sure they have full integration in mind for the near future. Maybe they idea is to offer a fiat to fiat service with Bitcoin as bridge, it depends on the ambition and budget they have reserved for this project/process.
If it happens just think about how many scams related issues will vanish. Getting a hold of Bitcoin (and worst, selling it for fiat) is still a huge barrier except in certain countries that have more trusted services. If you could buy and sell Bitcoin directly in Paypal, you will never use another option.
Topic: Bitcoin & Paypal (Read 1224 times)
These are amazing news and I've no doubts it will have a MAJOR impact more than anything else in the upcoming months. The goal it's clearly Bitcoin & Paypal integration since Wences Casares has been running Xapo with the intention to make it more user friendly and get mainstream adoption for some time now. If Paypal and Bitcoin could have a more fluid integration, buying and selling Bitcoin with the click of a button just imagine the potential.
What does Paypal gain in this? Remaining relevant in a future with only Bitcoin?
Like others already mentioned there are a few ways to exchange btc for paypal.
There may be a btc <-> pp exchange in near future due to news of pp recruiting xapo ceo
I really hope so. Right now it is possible to exchange BTC for PP, but it is a poor choice. The profound risk of charge-backs and the lack of legal recourse through PayPal make it a scammers paradise. If PayPal allowed the option of keeping a balance in a wallet and facilitated transactions they could become the largest exchange site on Earth, IMO. I assume Wences Casares understands all this and that is why he has been asked to join the board. Let's have his back by telling PayPal that they are on the right track! There may be a btc <-> pp exchange in near future due to news of pp recruiting xapo ceo
Like others already mentioned there are a few ways to exchange btc for paypal.
There may be a btc <-> pp exchange in near future due to news of pp recruiting xapo ceo
There may be a btc <-> pp exchange in near future due to news of pp recruiting xapo ceo
Write PayPal and tell them you will use their service when it includes bitcoin. They are thinking about it now, but if we all wrote today this could be done by autumn 2016.
what would happen about chargeback? how they will handle them?
Write PayPal and tell them you will use their service when it includes bitcoin. They are thinking about it now, but if we all wrote today this could be done by autumn 2016.
what would happen about chargeback? how they will handle them?
That is their problem lol. But I bet they are discussing your question is meetings. Perhaps they will act as an escrow for transactions?
Write PayPal and tell them you will use their service when it includes bitcoin. They are thinking about it now, but if we all wrote today this could be done by autumn 2016.
what would happen about chargeback? how they will handle them?
I thought doing a SEPA transfer would incur more taxes and would take longer than taking the Paypal route. Or am I very wrong on this? I looked into using Bitstamp but they require a lot of personal information I am not comfortable providing in the first place.
Write PayPal and tell them you will use their service when it includes bitcoin. They are thinking about it now, but if we all wrote today this could be done by autumn 2016.
These are amazing news and I've no doubts it will have a MAJOR impact more than anything else in the upcoming months. The goal it's clearly Bitcoin & Paypal integration since Wences Casares has been running Xapo with the intention to make it more user friendly and get mainstream adoption for some time now. If Paypal and Bitcoin could have a more fluid integration, buying and selling Bitcoin with the click of a button just imagine the potential.
Wences Casares appointed to PayPal's Board of Directors!!
Some interesting news I would say.
Casares is the founder and CEO of Xapo, a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card or store them in Xapo’s secure Vault.">AN JOSE, Calif.--(BUSINESS WIRE)--PayPal Holdings, Inc. (NASDAQ:PYPL) today announced it has appointed Wences Casares to its Board of Directors. A successful international fintech entrepreneur and recognized next-generation payment and crypto-currency thought leader, Casares will serve on PayPal’s Compensation Committee. His appointment was effective January 12, 2016.
Casares is the founder and CEO of Xapo, a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card or store them in Xapo’s secure Vault.
http://www.businesswire.com/news/home/20160113005322/en/PayPal-Appoints-Wences-Casares-Board-Directors
PayPal Just Appointed This Bitcoin Startup Entrepreneur to Its Board
http://fortune.com/2016/01/13/paypal-adds-wences-casares-to-board/
Some interesting news I would say.
Casares is the founder and CEO of Xapo, a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card or store them in Xapo’s secure Vault.">AN JOSE, Calif.--(BUSINESS WIRE)--PayPal Holdings, Inc. (NASDAQ:PYPL) today announced it has appointed Wences Casares to its Board of Directors. A successful international fintech entrepreneur and recognized next-generation payment and crypto-currency thought leader, Casares will serve on PayPal’s Compensation Committee. His appointment was effective January 12, 2016.
Casares is the founder and CEO of Xapo, a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card or store them in Xapo’s secure Vault.
http://www.businesswire.com/news/home/20160113005322/en/PayPal-Appoints-Wences-Casares-Board-Directors
PayPal Just Appointed This Bitcoin Startup Entrepreneur to Its Board
http://fortune.com/2016/01/13/paypal-adds-wences-casares-to-board/
What are the clever ways to exchange Bitcoin and Paypal? How we can make this exchange possible and regulated?
Is there any user friendly platform where we can exchange Paypal and Bitcoin!
Is there any user friendly platform where we can exchange Paypal and Bitcoin!
I still wonder why not a normal exchange
Recently I heard many bad stories about people who did some business and paypal blocked their funds because of some dispute or complain.
Even some of my friends can't access to their paypal account anymore because of some strange security reasons and lost their funds in paypal account.
when you hear about it you really start to like bitcoin even more
We don't have such problems and can recommend bitcoin to everyone.
Even some of my friends can't access to their paypal account anymore because of some strange security reasons and lost their funds in paypal account.
when you hear about it you really start to like bitcoin even more
We don't have such problems and can recommend bitcoin to everyone.
There are no "clever" ways to exchange Bitcoin and Paypal. You can head to the Currency Exchange section in the Marketplace if you want to find someone to exchange your Bitcoin and Paypal.
Don't forget to use escrow!
Don't forget to use escrow!
We have been warning against the dangers of using Paypal to buy Bitcoin since the very beginning when the first people saw business on this in eBay and they started selling BTC through there, but it seems people is still willing to get scammed.
Paypal is popiler now and it s common but when bitcoin will be more popiler and common it will be better than paypal
ahhh.... this question is repeated many times..
anyway.. i prefer btc always..
because Paypal can limit your transaction whereas in case of btc no limit.. unlimited money transfer..
and Paypal user can reverse their transaction by saying deal not done or product not received or someone can pay you buy a hacker or stolen Paypal..
so Paypal is too risky in my opinion..
anyway.. i prefer btc always..
because Paypal can limit your transaction whereas in case of btc no limit.. unlimited money transfer..
and Paypal user can reverse their transaction by saying deal not done or product not received or someone can pay you buy a hacker or stolen Paypal..
so Paypal is too risky in my opinion..
There are no "clever" ways to exchange Bitcoin and Paypal. You can head to the Currency Exchange section in the Marketplace if you want to find someone to exchange your Bitcoin and Paypal.
Don't forget to use escrow!
Don't forget to use escrow!
They don't care if it's 500 or 2,000 euros as there is no risk whatsoever for them involved. You are sending them irreversible mean of payment and they want to transact as much money possible in order to collect fees.
It's not all about risk but also about regulations. I'm sure there are some daily limits in place, after which they would have to comply with AML/KYC regulations (full customer verifications etc).
Yes, I haven't thought about that. The best is to check that with their customer service. I am sure though that 1,000 euros won't be of any problem since my friend has confirmed me that he has done it successfully by just contacting customer support in order to raise a limit.
They don't care if it's 500 or 2,000 euros as there is no risk whatsoever for them involved. You are sending them irreversible mean of payment and they want to transact as much money possible in order to collect fees.
It's not all about risk but also about regulations. I'm sure there are some daily limits in place, after which they would have to comply with AML/KYC regulations (full customer verifications etc).
Is this Coinimal site secure for big transactions 1000+ euros? And can I withdraw the PayPal balance to my credit card once it's in my account? Thank you.
Yes it's very secure. The owner is TwinwinnerD, a Hero member here on the forum. He is an escrow as well I think here. So he is very reputable and you won't have any problems with the exchange or a chargeback.
If your PayPal account is in good standing, I don't see why would you have a problem withdrawing money to your bank account.
Go for it.
Here's their official thread on this forum:
https://bitcointalksearch.org/topic/ann-wwwbitpandacom-buysell-ethbtc-with-visa-mastercard-neteller-skrill-878727
Looks pretty trusted, the question is whether they would allow +1000 single transaction, probably there are some daily limits.
@DimensionZ - why not doing SEPA transfer (straight to your bank account) rather than going through PayPal?
They would allow one big transaction. I see that limit is 500 euros, but all you need to do is email their support and this limit will be removed. One of my friends has done it this way.
They don't care if it's 500 or 2,000 euros as there is no risk whatsoever for them involved. You are sending them irreversible mean of payment and they want to transact as much money possible in order to collect fees.
Jump to: