Topic: Ebay - the first tech giant to accept Bitcoin? - page 7. (Read 6773 times)

if ebay use anything it will be ripple

Paypal will begin to use bitcoin, when it it financially beneficial to them. Paypal and bitcoin are compatible. Paypal could easily let you fund your balance, or even keep btc in one of their wallets as part of your paypal balance. The "benefit" they would provide to their users is buyer and seller protection (as they already do). Bitcoins irreversibility is no different than USD, if it's done in this way. If I pull USD out of my paypal, it's gone. They can't get it back. What they can do is take it out of what is still in my account, possibly leaving my account negative. Paypal could then allow people to send and receive funds as BTC, regardless of where it's going or coming from. Bitcoin won't kill paypal... but it may make change their business model a bit. More and more bitcoin will be used to circumvent paypal (specifically their fees, and their dispute resolution that is generally unfavorable to sellers). Bitcoin can force paypal to lower their fees, or provide more reasonable protection to sellers. Many people will find they can not trust themselves to make p2p bitcoin transaction, or simply would rather have paypal as a dispute moderator.

Paypal already takes a cut when converting between currencies. BTC would be no different. They take transaction fees on top of that.

The best thing we can do to convince paypal to adopt bitcoin is to keep getting sights to offer bitcoin as an alternative. Some emails to paypal as customers (rather than bitcoiners), asking them to look at bitcoin to see what they can do to make it safer for people to use, may get their attention.

But they do deal in currency. You can "deposit" money into your Paypal account just like you would a bank account. Its not their money its yours. They are holding the funds until you spend it or withdraw it. Just like a bank.

Ebay wont do this as long as they are with paypal. paypal and bitcoin dont mix..

The thing is that Paypal doesn't deal in actual currency but in debt so had they began accepting Bitcoin not a single thing would change, it would probably make Bitcoin worse due to fractional reserve banking, there would then be 50, 100, 500 million Bitcoins in "existence" since everyone would keep their balance on Paypal without having control over the private keys.

Indeed, paypal owns ebay and paypal suspends account if any bitcoin - related transaction is done with paypal. That tells that they are strongly agains bitcoin?

I always thought Paypal as the guy holding the money until you verify that you get what you ordered. If everything checks out, the vendor gets the money.

There are services like this out there. They are growing, but it takes time. Many of them don't just accept Bitcoin either but many other currencies. They are designed to be payment platforms, not limited to just one currency.

coinpayments.net is an example

I hear talk about creating an EBAY for Bitcoin. Are people not aware of Bitcoin Shop? It accepts, Bitcoin, Dogecoin and Litecoin. It has been trading on the stockmarket under ticker symbol BTCS. Wildly in fact for the last few days. True Bitcoin supporters should support this stock and store as well. Lack of being informed in general about Bitcoin news and support seems to be in issue. 

+1.
It would create pressure for eBay to accept bitcoin, if we have more and bigger Bitmit-like sites.

paypal has damaged western union over the last decade.. why?
because paypal did NOT ask western union to accept paypal.

amazon is damaging paypal/ebay over the last few years.. why?
because amazon offers a better customer service and products that dont end up as cement wrapped in a box.

bitcoin is/will damage paypal, banks, amazon... why?
because we need to realise that we are the evolution of money and trade. we do not need the neanderthal to use us, we simply need to realise that we are better, and prove it by beating the neanderthals with skills, knowledge, better businesses and strategy.

here are some idea's
1) make a bitcoin version of ebay that is better then ebay - promote it. dont just sit there only talking about it within the community
2) in your area if you are having a hard time getting bitcoin locally. then become your local bitcoin service.
3) find other niche markets or services you feel would benefit from bitcoin. and start up a bitcoin version of that service/business
4) don't sit around waiting for other people to come into your area and do stuff for you. be inspired to do it yourself

Bitcoin = PayPal competition
Ebay will accept Bitcoin only when it will become necessary for Ebay to stay top auction site. In other word, not anytime soon.

That's why I am saying again and again that we should not pickup the begging bowl and stand in front of Pierre Omidyar. We should start a similar venture which accepts Bitcoins... Earlier there was Bitmit... but it vanished without a trace.

eBay is the last resort for Bitcoin, since Paypal is there.

Paypal is considered a division of Ebay. A wholly owned subsidiary, operated by Ebay inc.

There was a proposal from a 1% shareholder (Carl Icahn) like a month ago that would effectively separate the companies by creating a Paypal like spinoff. But Ebay's management disagreed and is urging other shareholders to vote against the proposal.

i dont think that bitcoin will ever be accepted by paypal i think paypal will never have anything to do with crytpo because it will hurt their business. althougt bitcoin would be great for paypal and avoid a lot of scammers and such

Actually they will/have separated those 2 companies I believe.

I think it'd be smart if paypal turned into a bitpay/coinbase type of company when it comes to bitcoin. Allowing merchants to accept btc and change it to fiat instantly.

It doesn't really matter whether David Marcus likes Bitcoin or not. He might be a genuine guy. But as long as Pierre Omidyar is the owner of Ebay / Paypal, I am 100% sure that they will never ever accept Bitcoin.

Whilst it's true we would expect Ebay/Paypal to be naturally competing with Bitcoin, we can't dismiss the possibility that they could have come up with a business model that embraces the digital currency.

They might realize that the technology is inevitable and be willing to implement something early on using the Ebay/Paypal brand.

Either that or be replaced eventually!

http://altcoinpress.com/2014/02/breaking-ebay-ceo-suggests-paypal-bitcoin-integration-coming/