Paypal Banned Greece! - page 2. | Bitcointalksearch.org

BTT

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Quote from: n2004al on October 25, 2015, 06:55:05 AM

Quote from: bitart on October 25, 2015, 06:45:15 AM

Just thinking about the situation in Greece. I don't know if the restrictions (60 EUR from ATM etc) are still live but I've heared that foreign people (tourists) were not restricted, or at least were able to pay with their cards at POS terminals, because their card was not issued by a local bank.
In this case a possible solution for greek people could be a Bitcoin debit card to pay with or to try to withdraw cash with. If this works, the only question would be how to fund the bitcoin wallet the bitcoin card is attached to. But I don't know if restrictions are over or not.

The bitcoin debit/credit card can be a solution only for those who are profits or salary or any other kind of revenue in bitcoin. If not, what to do with such card? How or where to find the bitcoin to spend if you have not source from where you can have those? You can use your money to have bitcoin to charge the card with those but why this way to use your money? You can use these directly.

Then the use of bitcoin in such way is not a good move according to me. Spend big amounts of bitcoin in this situation is loss. I hope (I think are to many and not me only) that the price of bitcoin go high - at least with the halving. So it will be a big loss to spend to many bitcoins now (this could be the amount needed to make normal life) when after 8-9 months these can have bigger value.

Thoughtful! Their economy is in chaos. Ppl there have no btc or fiat income. How could they build the bitcoin ecosystem or consider to adopt it? Abandon paypal and adopt btc is just our delusion.

n2004al

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Quote from: bitart on October 25, 2015, 06:45:15 AM

Just thinking about the situation in Greece. I don't know if the restrictions (60 EUR from ATM etc) are still live but I've heared that foreign people (tourists) were not restricted, or at least were able to pay with their cards at POS terminals, because their card was not issued by a local bank.
In this case a possible solution for greek people could be a Bitcoin debit card to pay with or to try to withdraw cash with. If this works, the only question would be how to fund the bitcoin wallet the bitcoin card is attached to. But I don't know if restrictions are over or not.

The bitcoin debit/credit card can be a solution only for those who are profits or salary or any other kind of revenue in bitcoin. If not, what to do with such card? How or where to find the bitcoin to spend if you have not source from where you can have those? You can use your money to have bitcoin to charge the card with those but why this way to use your money? You can use these directly.

Then the use of bitcoin in such way is not a good move according to me. Spend big amounts of bitcoin in this situation is loss. I hope (I think are to many and not me only) that the price of bitcoin go high - at least with the halving. So it will be a big loss to spend to many bitcoins now (this could be the amount needed to make normal life) when after 8-9 months these can have bigger value.

bitart

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Vires in Numeris

Just thinking about the situation in Greece. I don't know if the restrictions (60 EUR from ATM etc) are still live but I've heared that foreign people (tourists) were not restricted, or at least were able to pay with their cards at POS terminals, because their card was not issued by a local bank.
In this case a possible solution for greek people could be a Bitcoin debit card to pay with or to try to withdraw cash with. If this works, the only question would be how to fund the bitcoin wallet the bitcoin card is attached to. But I don't know if restrictions are over or not.

n2004al

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Quote from: ?? on ??

who need paypal? Cool

,people there must move out from paypal and going to bitcoin, more simple,low fees,and dont need to upload fuckin gov ID

You need definitely PayPal (or credit/debit card). Because you need definitely fiat money. The fiat money which is used in your country. Bitcoin is known only by you and by me. This is the cruel true. No one or to many few merchants accept it. You can use bitcoin to transfer your money but that's all. Here finish its duty. Then you will need other kind money to live you life.

worhiper_-_

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Quote from: RustyNomad on October 24, 2015, 07:37:31 PM

I just came across this article on Business Insider. Its not about Greece but about Europe and what some have planned in regards to controls on banking activities.

If you think it's just Greece that have problems then read it. Controls in several other forms are on its way for most of Europe.

http://www.businessinsider.com/banks-discussing-negative-interest-rates-for-consumers-2015-10

Well uh, Greece has capital controls paypal wasn't really prepared for that. Some paypal services aren't available to Greeks to avoid money laundering during capital controls and other services aren't accessible or are very limited due to the capital controls. There are indirect ways to fund a paypal account for Greeks, so the title is an exaggeration.

RustyNomad

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I just came across this article on Business Insider. Its not about Greece but about Europe and what some have planned in regards to controls on banking activities.

If you think it's just Greece that have problems then read it. Controls in several other forms are on its way for most of Europe.

http://www.businessinsider.com/banks-discussing-negative-interest-rates-for-consumers-2015-10

RustyNomad

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Posted this a while back in regards to the adoption of bitcoin in South American countries but it also apply to Greece with these capital controls.

Watch the governments of this world becoming the biggest drivers of bitcoin adoption.

Quote from: RustyNomad on September 27, 2015, 10:04:12 AM

I've said this before but think I'll say it again....

The biggest driver behind the mass adoption of bitcoin will be the governments who through their own actions make their local currencies worthless and as such leave the citizens of that country with little choice but to take up alternatives.

At present the only true alternative is bitcoin. Lets hope that it gains even more ground in the months to come so that it gets so 'ingrained' in their society that it will remain the 'currency' of choice even after their present problems has been resolved, if ever.

knowhow

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The bad thing at Greece is that they are restricted to use and moove their money,even trying to get bitcoin to avoid government control of their economies,one thing has been show when country faces a problem they control banks and restrict them,with bitcoin investment ,they cant do nothing against it and will be the way out to protect our precious savings.

addy boy

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Quote from: bachlovesstories on July 03, 2015, 02:09:07 PM

According to a PayPal spokesman:

"Due to the recent decisions of the Greek authorities on capital controls, funding of PayPal wallet from Greek bank accounts, as well as cross-border transactions, funded by any cards or bank accounts are currently not available. We aim to continue serving our valued customers in Greece in full, as we have for over a decade."

http://qz.com/444188/paypal-no-longer-works-in-greece-and-why-that-matters/

In another words:

Those who already have money in their paypal accounts can use it but those who want to deposit money can not do it.

This banned has one postive development for Bitcoin. Overall, the situation in Greece could turn out to be very good for Bitcoin Holders. This could deeply impact the price before the Bitcoin
Bitcoin will rule thw world lol k can't say rule but u undereit on ur own

gentlemand

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Welt Am Draht

Read the topic. It's related to the capital controls imposed back in July. No conventional finance operator could've been used to move money out.

examplens

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Crypto Swap Exchange

Quote from: TTMNewsMJ on October 23, 2015, 04:12:01 AM

Can someone explain to me if what's going on here???
Is it true that paypal banned greece? Why?

Now I read, I did not see this thread so far. Where are from this informaton about Paypal ban Greece?

TTMNewsMJ

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Can someone explain to me if what's going on here???
Is it true that paypal banned greece? Why?

Kapz786

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Yeah it is pretty surprising lol, maybe this is an opportunity for bitcoin. As PayPal wallets in Greece is unavailable for now, in the meantime, the customer deposit for btc have increased by a 400 percent from May to June. Maybe Greece can help bitcoin.

greBit

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Quote from: Scamc0p on July 05, 2015, 03:50:24 AM

paypal is not country-friendly.
People in India complain about not being able to receive payments. And now it is outright banning nations?
Hopefully paypal will implode soon Grin

There are so many other options available and since they did a 180 on bitcoin I don't see myself using their high fee based payment system in the near future.

I don't know about country friendly paypal or if it's not, but I have been using paypal for a long time, it has been a very helpful way of transaction for me before. Yes, I also use bitcoins and even trade in it, but I don't want to compare paypal, its not going to be a decentralized currency being adopted, is it? Also, I've transferred money to India often and never heard any complaints. Idk what you are saying.

Miracal

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Quote from: HarHarHar9965 on July 05, 2015, 07:04:11 AM

Quote from: Borisz on July 05, 2015, 03:45:05 AM

Quote from: nwfella on July 04, 2015, 11:03:43 PM

Perfect example of why Centralized payment systems will one day (hopefully within my lifetime) be a thing of the past!

I do not think that until countries with central governments exist, a decentralized currency would be possible. A government wants and needs control over the official currency, at least to some extent. It's more likely that such currencies would co-exist next to the traditional system.

Yeah, I might agree to that but that's how we all should evolve our economy and our nation to be like. How can we expect the trades to be fast, free and friendly if all of it is controlled by a system, especially a corrupt system. So would we let a corrupt system control something they have no right over, just to find corruption bye others? Good irony.

That is how the world works, buddy. They will always try to have a higher hand above everybody, because they think they have special powers and they are special, that they are above us. I think there must be an economic revolt which will change things for better, for good. We can't convince the government, we can only convince the people for their own betterment.

HarHarHar9965

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Quote from: Borisz on July 05, 2015, 03:45:05 AM

Quote from: nwfella on July 04, 2015, 11:03:43 PM

Perfect example of why Centralized payment systems will one day (hopefully within my lifetime) be a thing of the past!

I do not think that until countries with central governments exist, a decentralized currency would be possible. A government wants and needs control over the official currency, at least to some extent. It's more likely that such currencies would co-exist next to the traditional system.

Yeah, I might agree to that but that's how we all should evolve our economy and our nation to be like. How can we expect the trades to be fast, free and friendly if all of it is controlled by a system, especially a corrupt system. So would we let a corrupt system control something they have no right over, just to find corruption bye others? Good irony.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: neurotypical on July 04, 2015, 11:31:44 AM

There are lots of people that have given the middle finger to paypal and are already accepting BTC in greece thanks o the bank.
http://www.thepressproject.gr/support/confirms
This page is pretty big in greece and now they accept BTC, so thanks paypal.

It seams that bitcoin is currently trending in Greece, and this situation with paypal is just adding fuel to the already large fire.
Where other payments are failing, bitcoin is thriving it seams.

cheers

Scamc0p

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paypal is not country-friendly.
People in India complain about not being able to receive payments. And now it is outright banning nations?
Hopefully paypal will implode soon Grin

There are so many other options available and since they did a 180 on bitcoin I don't see myself using their high fee based payment system in the near future.

Borisz

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Quote from: nwfella on July 04, 2015, 11:03:43 PM

Perfect example of why Centralized payment systems will one day (hopefully within my lifetime) be a thing of the past!

I do not think that until countries with central governments exist, a decentralized currency would be possible. A government wants and needs control over the official currency, at least to some extent. It's more likely that such currencies would co-exist next to the traditional system.

EternalWingsofGod

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It's unfortunate that the issue is bank related but it does illustrate the weakness of being dependant on a financial institution to manage funds, that said their are benefits in the transferability of Bitcoin and the movement of capital with these type of concerns the finance of the future will be interesting whether its punishing austerity or strengthening the economy a better system to protect a persons assets is something that is becoming a serious issue in Greece.

Topic: Paypal Banned Greece! - page 2. (Read 4501 times)