Topic: PayPal Integrating Bitcoin soon. (Read 11258 times)

I doubt this will happen. This would cause a huge security risk as all of a sudden there would be a much greater incentive to try to hack paypal then before as you could potentially steal the bitcoin held by them. It would also effectively take away a lot of the consumer protections that PP gives buyers who use PP (and use it because of the protections)

I wonder when Paypal will actually integrate it into the wallet at paypal.com.   They seem to be testing the waters in the ways that they are allowing it right now.   They aren't making it too public, like if  you were just to log into your paypal account, you wouldn't have the slightest idea that they support BTC.

Hopefully everything comes off smoothly in this integration so that they can start picking it up on a larger scale.   This will fast track us to more mainstream adoption, which we all want.

Didn't they already intergrate it?  I don't  use any more.

its a good news for bitcoin if its true
bitcoin price can rise up

So has anyone used the app breadwallet yet?

Who needs paypal and their stupid fees we should create our own bitcoin fiat exchange service!

It will happen. And if it will, Paypal and Bitcoin talk will be full of complaints.

I can find very little info of Braintree CEO bill ready.  the a business insider article Braintree CEO: We're Going To Beat Google, Amazon, Apple And Everyone Else In Payments! From 2013
And of course, bill ready's own and brain trees websites which makes my phone go into this really annoying interface.
Seriously though, does anybody have information about bill ready ceo

Did you read the article about Bitcointree in cointelegraph? How many more months until paypal accepts btc you think?

Since the news of Paypal come out the price stopped to drop, now it should began to rise.

If they do all their BTC exchanging between two Paypal parties off chain they they could implement charge backs by putting a say 30 day delay on letting someone remove BTC from their paypal account.

I'm not sure why the new thing is considering news for Bitcoin to be bad lol.  If this is real which I can't tell otherwise how could it be considered  bad?  I wonder if any  body would tell me what they say from 47 seconds of the the video to 50 seconds?  I'm not a huge fan of the video but I like that it does subtly grab my attention and it isn't over the top in too many ways.

edit: this post was made for the other paypal thread but is still relavant here.

If the fee is the same no one will care to use BTC 

You don't have to give them any money, but millions of others will continue to use them so it's still good for bitcoin in the long run, though maybe we won't need any payment processors at all in the future.


Probably similar or slightly less than what they charge now.

I really dont wanna give paypal anymore of my money after they done, Why will u guys go back supporting the scum that scammed most of you anyway?

All very true Fuserleer !

Why oh why do people get panties all wet at the thought of Paypal accepting Bitcoin?

However it's implemented it won't end well, lets look at some facts:

Paypal loves chargebacks, any customer complaint of any sort and accounts get frozen and the funds within them get held for 180 days......Paypal certainly uses this to their advantage and invest that held money to profit themselves.   Paypal will have a stock pile of Bitcoin from doing the same thing, they can then influence the market with this stock pile and profit further.

Paypal certainly will not give a good BTC -> USD rate, so again they will profit further.

Back to chargebacks, how will this be implemented?  My guess it that anyone wishing to use Bitcoin will be required to have a bank account verified with that account, so any chargebacks can be taken from a bank account.  That is the only way I can see Paypal model being able to work.....which for me raises many many red flags.

We all know how most governments and banks feel about Bitcoin. If you use Paypal to pay with Bitcoins, and the government wants to know who these people are, Paypal will just roll over and spill all.  They will then know who you are, and if they decide to take a tough stance against Bitcoin in the future, innocent of any crimes or not, well, you are directly in the crosshairs.  

The banks will know from Paypal which of their customers are using Bitcoin and will close accounts at will, and if that happens, good luck opening another one.

Paypal accepting Bitcoin, for me at least, feels like an easy way for TPTB to get a hold of who is using it, for them to be victimized later at whatever whim.

I've had nothing but terrible experiences in the past with Paypal, and anyone that thinks them accepting Bitcoin is a good thing seriously needs a head examination IMO.  It will be a HUGE mess, use at your own peril.

People have $ and time to make hoaxes all the time. The video seems legit but the audio doesn't. They could've got the video from somewhere else and just muxed the audio over it, and those links don't really mention anything concrete for bitcoin integration either. Just seems a little weird they would do this without any plans actually announced. Doesn't seem to be anything in it for them at the moment.

Videos like this take a lot of $ and time to make.

Do you think these were all a hack?

http://www.ibtimes.co.uk/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-john-donahoe-1451477

http://www.cryptocoinsnews.com/ebay-ceo-talks-bitcoin-paypal-will-integrate/

http://video.cnbc.com/gallery/?video=3000281677

Define "soon" because these news pop out almost every week but no one becomes true.