Bitcoin set to overtake Paypal in 2014 | CCN | #bitcoin #paypal

BitcoinTraders

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Quote from: BTCisthefuture on May 25, 2014, 01:53:47 PM

it's a bit of apples and oranges since bitcoin allows transactions that are fractions of a penny, while on paypal you couldn't make a transaction of even 1cent (maybe you could but the fees would be too high).

it does sound good in the news though, and brings more awarness to bitcoin.

And yes eventually i think paypal will either implement bitcoin (or their own version) or bitocin will surpass paypal in the future.

Yeah it's true and good ideas about what could happen!

Sealed

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Not too sure about their sums here in this article. Overtake Western Union/PayPal THIS year? Bitcoin is nowhere near the volume for same purposes as they are.

BTCisthefuture

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it's a bit of apples and oranges since bitcoin allows transactions that are fractions of a penny, while on paypal you couldn't make a transaction of even 1cent (maybe you could but the fees would be too high).

it does sound good in the news though, and brings more awarness to bitcoin.

And yes eventually i think paypal will either implement bitcoin (or their own version) or bitocin will surpass paypal in the future.

coindozer7

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CEO of eBay told the media that they're actively looking and considering to implement Bitcoin.
eBay owns PayPal network so it will be great to implement with Bitcoin.
No brainer! Grin

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Resistance is useless.

feverpitch

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Its only a matter of time before the big business money transactors decide to aggressively resist Bitcoin, IMO. until this point they've all been rather passive.

Ron~Popeil

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Quote from: Dr. Pepper on May 25, 2014, 10:48:07 AM

Quote from: Ron~Popeil on May 25, 2014, 10:44:16 AM

Pay pal can accept it all they want. I will never use their service.

You might not, but many others do. Bitcoin is a real threat to them though.

Until they start freezing your funds and doing charge backs. Pay Pal is a poster child for the financial abuses of the banking industry.

BittBurger

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Quote from: LesterTheEight on May 25, 2014, 11:58:36 AM

Want reality? Bitpay and Coinbase process about 90% of payments and their numbers total about $5m a day. Paypal does close to half a billion dollars everyday.

You're comparing only commerce numbers. They are comparing numbers based on one thing: "online funds transfers of any kind". The ability to move money for any reason, friction-less-ly. Paypal is restricted to commerce. Bitcoin can do commerce and much, much more. So its a little bit of a twist, but its a relevant comparison still. However if you only look at b2c sales, then yes, Bitcoin is nowhere near PayPal.

-B-

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Quote from: LesterTheEight on May 25, 2014, 11:58:36 AM

Want reality?

Not really.

saif92

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Quote from: LesterTheEight on May 25, 2014, 11:54:12 AM

How dumb are these people? Bitcoin is brilliant, but it's like saying the internet will overtake newspapers in 1994!

Many trolls post rumors like this which have no worth just as this TV and Internet going to overtake newpapers which is not possible

LesterTheEight

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Want reality? Bitpay and Coinbase process about 90% of payments and their numbers total about $5m a day. Paypal does close to half a billion dollars everyday.

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Quote from: LesterTheEight on May 25, 2014, 11:54:12 AM

How dumb are these people? Bitcoin is brilliant, but it's like saying the internet will overtake newspapers in 1994!

Well no it's actually quite likely the total amount traded daily will be more very soon.

LesterTheEight

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How dumb are these people? Bitcoin is brilliant, but it's like saying the internet will overtake newspapers in 1994!

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In the UK Paypal have a tv advert where at the end it goes 'Nahh naa naa na naaahhhh PEople RULE !' So irritating aRRGHHHHH !

bryant.coleman

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Quote from: Dr. Pepper on May 25, 2014, 10:48:07 AM

You might not, but many others do. Bitcoin is a real threat to them though.

Once Bitcoin overtakes them in daily volume, Paypal will be forced to integrate Bitcoin in to their system. Well.... if they want to survive, then they will have to do it. No other choice.

64dimensions

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"The Laureate Trust has announced, via a press release to The Digital Journal, that they expect Bitcoin to pass PayPal in USD transaction volume later this year....."

Is it too cynical to think that purchases of cheaper BTC preceded this announcement and that this PR may have leaked?

Dr. Pepper

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Quote from: Ron~Popeil on May 25, 2014, 10:44:16 AM

Pay pal can accept it all they want. I will never use their service.

You might not, but many others do. Bitcoin is a real threat to them though.

Ron~Popeil

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Pay pal can accept it all they want. I will never use their service.

Coinbuddy

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Quote from: JJB on May 25, 2014, 10:38:15 AM

Wow, that's nuts. I think Paypal will have to accept bitcoin in some form pretty soon.

yeah bro

JJB

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Wow, that's nuts. I think Paypal will have to accept bitcoin in some form pretty soon.

Topic: Bitcoin set to overtake Paypal in 2014 | CCN | #bitcoin #paypal (Read 3130 times)