Topic: Bitpay/Coinbase will replace Paypal/ViSA some day? BTC platform kicks out ebay? - page 6. (Read 5652 times)

paypal seem to be fast these days for sending or getting cash into your account.
maybe it depends on your location but previously it would take a week withdraw funds, now it is a couple of days!

do you think it is necessary to found one B2C or C2C paid only bitpay?is there any body agree with me?

From my part, BTC has a promising future.

agreed!

so the problem left for BTC transaction is founding one platform for buying and selling:-(

In a few years, or so, and when more people accept it. Merchants, and as a currency. Though, getting ahead of Visa is what we should be worried about. Visa can bitch out Mastercard any day, and pretty much everything above. Visa is like the beast of currencies, with Bitcoin evolving.

I don't get how American Express is that far up, though? It's barely used in the state I live in. Nobody that I know even uses one.

as a miner supplier,i am happy if BTC transaction gets to NO.1 position:-)

No.

the sellers never think like that.

fully agree with you:-)
Let paypal go to the hell.Their fee is more than 6% ,it is crazy....

paypal and ebay are the same company. thy just divided it up for auditing/tax reasons so their partnership is not based on any timed contract or agreements. so you wont see them split apart.

paypal will never drop FIAT and be solely crypto currencies either. the world wont drop FIAT and go with only crypto. that is not how things work in reality. what you will find however is that paypal will accept crypto currencies ALONGSIDE fiat. Ebay (the parent company) will realise that by accepting crypto currencies that ever 25c advert no longer costs them 5c in admin and processing fee's due to the FIAT system, but customers using crypto to buy auction listings will spnd 25c worth of btc. and ebay will get 24.9c of profit, if not more.

this will make ebay more profitable and try to get customers to prefer crypto payments, by doing promotions. but paypal/ebay will never drop fiat.

at this current moment it is estimated that 0.0017% of the world is using bitcoin. even if every american used only bitcoin, that is still only a low percentage of the world.

you are never going to have 100% world adoption of bitcoin where bitcoin is the only world currency in existance (although id love to be proved wrong one day).. the most we can forsee in 10 years is a 5%-15% adoption (300mill-900mill population) where those people have both fiat and btc..

Does anybody know when the contract between PayPal & Ebay expires?

I don't think that Bitcoin will ever replace PayPal, but it'll be interesting to see what happens after the contract w/ ebay expires.

I think it's too early for conclusions like that. Maybe some day it will happen, but we now all we gotta do is to make it happen, not to get converstations about it

I hate Paypal. They are expert in ripping people without commiting a crime.

oh man, your opinion will be very unpopular here. paypal is not good for currency. they are one of the companies that would probably eliminate competition if it were possible, in order to be the only guy around.

Ya and that's the problem. They call it "dispute resolution", I would call it complete arbitrariness,
at a disadvantage for the seller in 99% of the cases.

I just hope BTC will contribute to a quick death of paypal

Bitcoin will never replace Paypal, but it could become big enough to compete in certain services, and integrate with others hopefully

Paypal offers dispute resolution which is a service on top of payment systems.

i hope they will, got only bad time with paypal, they took my money for 6 months without my blame

What if Paypal fail to act quickly enough enough? PayPal will hopefully be forced to implement it at some point or at least change their business practises, but if they don't and continue to charge extortionate fees then people probably just won't use their service eventually. I can see a company like blockchain.info becoming the new PayPal wallet. It already makes the process very simple.

I say no and here's why. Paypal will adapt to survive. If BTC or LTC come close to overtaking them, they will integrate - not die. I could see paypal being a major payment processor like coinbase or bitpay.