PayPal Integrating Bitcoin soon. - page 2.

TsuyokuNaritai

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Quote from: hilariousandco on September 08, 2014, 10:59:39 AM

Quote from: TsuyokuNaritai on September 08, 2014, 10:52:00 AM

Quote from: hilariousandco on September 08, 2014, 10:47:22 AM

Why would PP be advertising bitcoin right now when it seems to be a direct competitor to them?

Or a valuable weapon. Apple are apparently announcing a mobile wallet tomorrow. The mobile wallet wars have begun.

Then what does Apple have to do with Paypal?

Because the Apple wallet is the direct competitor.

hilariousandco

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Quote from: TsuyokuNaritai on September 08, 2014, 10:52:00 AM

Quote from: hilariousandco on September 08, 2014, 10:47:22 AM

Quote from: TsuyokuNaritai on September 08, 2014, 10:25:48 AM

https://www.youtube.com/watch?v=pF7HxLCFMeY

"We can spend Bitcoin with a tap, without a pocket..."

It looks legit.

Reddit post here: http://www.reddit.com/r/Bitcoin/comments/2ft75q/paypal_featuring_bitcoin_in_his_app_we_can_spend/

Something tells me it isn't legit. That video is pretty disturbing. Wonder if they got hacked? Just doesn't seem right. Why would PP be advertising bitcoin right now when it seems to be a direct competitor to them?

Or a valuable weapon. Apple are apparently announcing a mobile wallet tomorrow. The mobile wallet wars have begun.

Then what does Apple have to do with Paypal? And does this Apple wallet deal with bitcoin or is it just some sort of mobile payment wallet?

keithers

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For buyers, Paypal integrating BTC would in some cases be better than purchasing directly from a merchant with BTC. I think this is especially so for large purchases. Despite their being some fees (for the merchant), if Paypal integrates BTC, it gives the buyer an added layer of security in case they don't receive what they purchased, or if what arrives is completely different from what they thought they were purchasing.

The way things stand right now, if you purchase something directly from another person (using BTC), you have to rely heavily on the seller's reputation, and you still have to trust the person to send you what you purchased (unless you use escrow). If Paypal integrated BTC, then both sides of the transaction would be protected, so in essence the merchant would be paying Paypal a small escrow fee.

As it stands right now, if escrow is used, both parties need to trust the escrow provider, and there is still the slight chance that the escrow person/company takes off with the BTC.

TsuyokuNaritai

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Quote from: hilariousandco on September 08, 2014, 10:47:22 AM

Quote from: TsuyokuNaritai on September 08, 2014, 10:25:48 AM

https://www.youtube.com/watch?v=pF7HxLCFMeY

"We can spend Bitcoin with a tap, without a pocket..."

It looks legit.

Reddit post here: http://www.reddit.com/r/Bitcoin/comments/2ft75q/paypal_featuring_bitcoin_in_his_app_we_can_spend/

Something tells me it isn't legit. That video is pretty disturbing. Wonder if they got hacked? Just doesn't seem right. Why would PP be advertising bitcoin right now when it seems to be a direct competitor to them?

Or a valuable weapon. Apple are apparently announcing a mobile wallet tomorrow. The mobile wallet wars have begun.

hilariousandco

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Join the world-leading crypto sportsbook NOW!

Quote from: TsuyokuNaritai on September 08, 2014, 10:25:48 AM

https://www.youtube.com/watch?v=pF7HxLCFMeY

"We can spend Bitcoin with a tap, without a pocket..."

It looks legit.

Reddit post here: http://www.reddit.com/r/Bitcoin/comments/2ft75q/paypal_featuring_bitcoin_in_his_app_we_can_spend/

Something tells me it isn't legit. That video is pretty disturbing. Wonder if they got hacked? Just doesn't seem right. Why would PP be advertising bitcoin right now when it seems to be a direct competitor to them?

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

https://www.youtube.com/watch?v=pF7HxLCFMeY

"We can spend Bitcoin with a tap, without a pocket..."

It looks legit.

Reddit post here: http://www.reddit.com/r/Bitcoin/comments/2ft75q/paypal_featuring_bitcoin_in_his_app_we_can_spend/

kittycatbtc

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Quote from: Jerome? on September 08, 2014, 06:11:43 AM

Why is it that others say that paypal will ban account with bitcoin related transaction?

Nothing is comfirmed, its all a big rumor IMO.

Jerome?

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Why is it that others say that paypal will ban account with bitcoin related transaction?

hosting-guru

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I am looking forward to seeing how this implementation goes. Would be great if people could buy their Bitcoins instantly through PayPal by using credit cards or PayPal funds.

MaryKris

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mixed info.. Some say bitcoin related paypal transaction will get banned and now they are integratiing it.. Im confused.

counter

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Quote from: arcanum on September 04, 2014, 06:08:13 PM

What the hell, everytime i see this thread up i think its a new thread and i start panicking.

LOL, apologies. Why may I ask are you panicking when you see this thread? Are you planning to go all in or something. If so I totally get it. Wink

arcanum

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What the hell, everytime i see this thread up i think its a new thread and i start panicking.

counter

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Time is on our side, yes it is!

Quote from: minerpumpkin on September 04, 2014, 04:19:59 PM

This thread is already quite old, but yeah, I think that PayPal may get their fair share of the Bitcoin success, too! PayPal is merely a service provider and Bitcoin is the currency. What PayPal may become is some sort of escrow provider that saves the customers form being scammed or ripped of by shady merchants!

I love the idea of this happening and I'm thinking the move would be brilliant on PayPal's part! I have know doubt that such a service would be well accepted by the community and beyond and PayPal would be thinking why haven't we done this sooner?

minerpumpkin

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This thread is already quite old, but yeah, I think that PayPal may get their fair share of the Bitcoin success, too! PayPal is merely a service provider and Bitcoin is the currency. What PayPal may become is some sort of escrow provider that saves the customers form being scammed or ripped of by shady merchants!

keithers

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Paypal looks like they rolled out a new interface this morning. It looks pretty similar to the interface of Circle.com IMO.

I wonder if paypal would integrate BTC into their system without integrating it into ebay's system simultaneously?

MoonTime

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Paypal is already dipshit scamming people of their money and limiting anytime. Better they stick with BTC to save some reputation.

Daniel91

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Quote from: Wealthy on September 04, 2014, 11:40:56 AM

I would be more happy if It was "Paypal turning out to be bitcoin".These is their another game of freezing people's money under their outdated fucking terms and conditions.No way I am going back to paypal.Fuck Em

I understand your frustration with Paypal but I had good experience with them.
They refunded me money I send to SCAM site after dispute process so at least they care about their members and try to protect them but of course they are not perfect and make mistakes also.
Still, Paypal is world well known payment service, so if they accept Bitcoin, this will really help us to become mainstream, globally accepted.

Wealthy

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I would be more happy if It was "Paypal turning out to be bitcoin".These is their another game of freezing people's money under their outdated fucking terms and conditions.No way I am going back to paypal.Fuck Em

Tradezilla

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I have when governments and corporations try to get bitcoin from people hands.

Timetwister

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Quote from: bryant.coleman on September 04, 2014, 02:18:04 AM

How Paypal is going to implement charge-back on Bitcoin payments? Also, there will be no anonymity with Bitcoin payments in Paypal. So, I think even if Paypal integrates Bitcoin to its system, none of the current users are going to use them. May be they will gain some new users, who are finding it hard to purchase and trade in Bitcoin.

It may also be an easy way to get bitcoins if you are selling with Paypal. There's nothing bad with giving more options to customers.

Topic: PayPal Integrating Bitcoin soon. - page 2. (Read 11258 times)