Topic: if paypal will close - page 2. (Read 1682 times)
Paypay can't get closed down. What they do is an almost riskfree business. Unless someonehacks some big accounts with huge balance and somehow steal their funds (which is almost impossible btw) they will stay in the business. There are and will be better alternatives than paypal but they succeeded their safe place among the others thanks to ebay.
This is nothing more than a wet dream of many Bitcoiners, but yes, it will definitely have a positive impact on the price. Perhaps it will result in a short term $200-$500 increase from the price now, but that's all.
lol paypal will never close and if ever, their alternatives will flourish such as payoneer. although some may resort to crypto still thier confidence to digital money isn't that great even today there are people who live half their life on the internet yet not even have the interest to go into btc.
I know PayPal will not make place for anything else. That's why I said that this is nothing more than a wet dream of many Bitcoiners. I just answered OP with "What if..." That's all.
This is nothing more than a wet dream of many Bitcoiners, but yes, it will definitely have a positive impact on the price. Perhaps it will result in a short term $200-$500 increase from the price now, but that's all.
lol paypal will never close and if ever, their alternatives will flourish such as payoneer. although some may resort to crypto still thier confidence to digital money isn't that great even today there are people who live half their life on the internet yet not even have the interest to go into btc.
It is unlikely that an established market leader like Paypal will close down.
If it does badly, I am sure it will get sold to another corporate, who will attempt to revive it.
If it does badly, I am sure it will get sold to another corporate, who will attempt to revive it.
This is nothing more than a wet dream of many Bitcoiners, but yes, it will definitely have a positive impact on the price. Perhaps it will result in a short term $200-$500 increase from the price now, but that's all.
I guess if paypal has been closed and is not used anymore, I guess all users of the payment processor will begin to learn to find and use bitcoin as a new cash deposit
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The universe has got more chance of collapsing than PayPal does but even if it did people would just move to another payment processor like Amazon or Apple. Imagine the increase in BTC
i say 2000$
i say 2000$
But why should they close?Any reason you say so?
This is not going to happen imo.PAyPal will try to adopt over the long run.
Either with Bitcoin or some other Blockchain type of network.
If lets say paypal is closed, the amount of pruce of bitcoin will increase but the problem is not all people know what is bitcoin so i think there will be another subtitute to replace paypal
Imagine the increase in BTC
i say 2000$
i say 2000$
I think that are 2 different concept... and even another company could easily create a new paypal company ... nothing new...
Probably could affect more btc price, if paypal decide to adopt btc!!!
i want paypal to be closed now
Paypal as stated is going no where they bought Modest last year that gives them entrance into the mobile payment platform and would expect them to keep addressing their needs as a stand alone from ebay.
The fight for mobile banking like googlepay,applepay and whatever other swipe and pay with your phone is going to be a dog fight.
We will do well as they fight but when the winner shows up you can expect fees to increase and stab us through the eye.
A lot of the current deals apple is signing have rates to go up after a few years of use,which will trickle all the way down to the customer.
But thats still a ways out and bitcoin will most likely not benefit from any aspects of that,it may even retract.
The fight for mobile banking like googlepay,applepay and whatever other swipe and pay with your phone is going to be a dog fight.
We will do well as they fight but when the winner shows up you can expect fees to increase and stab us through the eye.
A lot of the current deals apple is signing have rates to go up after a few years of use,which will trickle all the way down to the customer.
But thats still a ways out and bitcoin will most likely not benefit from any aspects of that,it may even retract.
I think it does not affect the price of bitcoin. PayPal is more popular than bitcoin in this current. I do not know how it goes if when the price like that. But I do not think paypal will close but maybe just a little ignored.
If they close, that would be a great shock, and a lot of positive advertisement such as "Bitcoin will never close" could me made en-masse.
Paypal, eBay and Amazon have first mover advantage and they managed to build a solid ecosystem around them and many small shops are depending on these ecosystem for a living. It is unlikely such a big set up Paypal will close in the near future.
We all like to see mega organisations fail. Nonetheless. haha
We all like to see mega organisations fail. Nonetheless. haha
Paypal should be closed now. Bitcoins better
venmo and other companies would benefit more as they take
fiat.
It wouldnt hurt but I dont think it would help a bunch.
fiat.
It wouldnt hurt but I dont think it would help a bunch.
I don't think paypal has a significant affect on the price of bitcoin. There are other companies that can do what paypal does but are not as popular. Bitcoin will have it's own place in finance as a store a value and a way to tranfers funds in addition to a way to pay for goods online or in person.
Yeah maybe , bitcoin price could reach as high as that or more if it will be used mainly for purchasing and selling products/services but as of this time, this is unrealistic to happen. Paypal will still be valid because of its buyer protection like their refund feature and bitcoin doesn't have that.
Not likely they will close any time soon due to the strong ecosystem they have in the e-transaction market. But I foresee they will reduce their commission in the near future.
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