Topic: Coinbase has partnered with Paypal - Officially! - page 6. (Read 8730 times)

Bitcoin don't need PayPal. I am really surprise why they are taking this decision lately, indeed PayPal will be more benefited.
By the way it would help bitcoin can join the mainstream in near future then hopefully bitcoin will replace paypal indirectly.

PayPal is slowly dipping its toes in the bitcoin waters.
The company has partnered with Coinbase, a virtual currency wallet and exchange, so Coinbase users can sell bitcoin and cash out to their PayPal accounts. Buying bitcoin isn’t possible yet, but the small integration is a noteworthy first step.
PayPal did not immediately respond to Quartz’s request for comment.
While bitcoin and its underlying technology, blockchain, has caught Wall Street’s attention, consumer tech giants have largely stayed away from the technology until now. Recently, Quartz reported that Airbnb “acquihired” a bitcoin company and its engineers. Other tech giants, like IBM and Microsoft, have been exploring blockchain tech more closely. IBM developed open source code that’s being used in the Linux Foundation’s Hyperledger consortium. Microsoft has been integrating blockchain services into its Azure cloud platform.
Behind the scenes, PayPal’s been showing signs of interest in virtual currencies. A recently published patent application from PayPal shows the company has explored integrating bitcoin and other virtual currencies like LiteCoin and Dogecoin into physical smartphone payments. The patent application was filed in December 2015.
PayPal also held a hackathon in December, according to multiple sources with knowledge of the event. The purpose? To find out new ways for PayPal to use bitcoin and blockchain technology. The attendees included Snapcard, a B2B bitcoin payments company, Coinbase, and Chain. Developers tested things like cross border payments, merchant processing, and creating a digital wallet using bitcoin.
For bitcoin’s growth, even a slight interest in bitcoin on PayPal’s part would be a big win. PayPal has over 180 million customers and processed $1.4 billion in payments in the first quarter of 2016. The payments giant recently added Wences Casares, CEO of bitcoin wallet Xapo and a renowned bitcoin advocate, to its board of directors in January 2016.

http://qz.com/713528/paypal-is-warming-up-to-bitcoin/

Bitcoin don't need PayPal. I am really surprise why they are taking this decision lately, indeed PayPal will be more benefited.
By the way it would help bitcoin can join the mainstream in near future then hopefully bitcoin will replace paypal indirectly.

Nice find.

I have read that both Walmart and PayPal have issues with Visa, maybe this gives them a united vision to bypass Visa with their own system?

Two centralized companies working together to join a decentralized world. Er, doesn't seem like the best idea for them or the community. *shudders*

It has partnered, but the fees defeat the purpose...

I waiting too, I hopeful with this. maybe be patience for next time and we can see more information about this news. But if easily to buy bitcoin using PayPal and difficult to buying PayPal amount with bitcoin I think I will not be interested with this.

If only I could exchange BTC and Paypal without needing a shit ton of documents proving who I am.

I don't think Coinbase would allow a 1:1 withdrawal via PayPal and I'm still waiting for some more information on this. If they would need us to verify our account, it would be same like Virwox and we already have read about delays in Coinbase deposits and withdrawals. Hope everything goes well.

I don't think Coinbase would allow a 1:1 withdrawal via PayPal and I'm still waiting for some more information on this. If they would need us to verify our account, it would be same like Virwox and we already have read about delays in Coinbase deposits and withdrawals. Hope everything goes well.

Besides that I am not a big fan of Coinbase is any big company that start accepting bitcoins good news. Till now I don't use PayPal too often but possible it can be really useful. Only the verification of Coinbase and there gamble policy is so hateful.

Coinsbase doesn't want the risk of creditcard fraud when you buy with Paypal. If they are the sending party and Coinbase is trusted, it is safe for both parties.
If they would allow you to buy Bitcoin with Paypal, they would make creditcard fraud very easy, and they would end up paying for it.

I don't think Coinbase would allow a 1:1 withdrawal via PayPal and I'm still waiting for some more information on this. If they would need us to verify our account, it would be same like Virwox and we already have read about delays in Coinbase deposits and withdrawals. Hope everything goes well.

This is a welcome development for Paypal and Bitcoin users. Now it is easy to use and transact bitcoin as it is backup by this big company.Im expecting additional popularity of bitcoin and it will attract more follower and supporter.

Seems less like a partnership and more like Coinbase will just send you Paypal funds if you request it.  Notice that you cannot buy bitcoin with Paypal, which makes me think there really isn't a partnership going on, but instead just an agreement that they will let you cash out large sums if necessary.