Actually, all this means is that Xapo took $40 million dollar investment, wasted all that money on lawyers in the lawsuit their old employer brought against them (lifelock or something), and now Xapo is totally shit losing their headman.
Another bitcoin company is busted. $40 million wasted. Xapo was a debit card - until their very stupid partners in Gilbraltar fucked them by telling them on the very first day of the card release that they can't do US customers, then Xapo became a vault - who needs a vault? Now Xapo is bankrupt. Another scar in the face of the bitcoin community.
Wences moves on to Paypal.
Topic: PayPal Just Appointed This Bitcoin Startup Entrepreneur to Its Board (Read 1092 times)
January 13, 2016, 07:42:42 PM
January 13, 2016, 06:31:55 PM
It would be pretty awesome if paypal could implement a wallet into their design somehow so that payment could be made from a bitcoin wallet or by paypal so essentially you could use paypal to spend your bitcoins anywhere that paypal was accepted 
Who knows whats coming.
Who knows whats coming.
so we have chargeback with bitcoin also? because they actually go against someone that do not refund you know, since it would be easily traceable with them
no tnx
Im sure they could make a bitcoin option be non refundable since thats one of the main things about bitcoin, Im not saying turn bitcoin into paypal , just piggy back along with it would be good to get bitcoin out there. No need to be so negative, that wont get us anywhere.
I'd imagine they'd do some kind of escrow service the way PayPal has now.
January 13, 2016, 05:49:06 PM
Interesting news, but honestly I hope fact that Wences Casares, CEO of bitcoin wallet provider Xapo is now part of PayPal board doesn't mean that Xapo will be added as the one and only wallet supporting PayPal or integrated with it on the wallet level. The best option will be direct adoption of bitcoin and possibility to convert bitcoin into FIAT using PayPal... It would be amazing.
January 13, 2016, 05:16:54 PM
Users here are forgetting that using Xapo is not at all anonymous, they ask your full details and buying Bitcoins comes at the expense of giving them your full details. I'm not saying this in a bad way, for me Bitcoin "anonymous" feature is one huge barrier it has for being adopted by the mainstream or common folks. They don't care about that, in fact they prefer to be protected and rightly so.
So I think Paypal will definitely integrate Bitcoin in the future and maybe even acquire Xapo, but for that to happen you will have to register your full identity or provide CCs/Bank information.
So I think Paypal will definitely integrate Bitcoin in the future and maybe even acquire Xapo, but for that to happen you will have to register your full identity or provide CCs/Bank information.
January 13, 2016, 05:16:50 PM
good news,thanks for sharing.
i think this is the point : "Dan Schulman, president and CEO of PayPal PYPL -2.90% , said of the entrepreneur: “Wences’s unique line of sight into the future of commerce is ideally aligned with PayPal’s vision of transforming the management and movement of money for people around the globe.”
lets hope xapo can lead bitcoin in order to make paypl more interest,i will so glad if paypal add bitcoin besida credit card to verify paypal account
i think this is the point : "Dan Schulman, president and CEO of PayPal PYPL -2.90% , said of the entrepreneur: “Wences’s unique line of sight into the future of commerce is ideally aligned with PayPal’s vision of transforming the management and movement of money for people around the globe.”
lets hope xapo can lead bitcoin in order to make paypl more interest,i will so glad if paypal add bitcoin besida credit card to verify paypal account
January 13, 2016, 05:09:55 PM
This could be a new special relationship between the to. If anything it will help people new to bitcoin understand that I can be used no different to any other currency. People would of had reservations about PayPal when it first started too
January 13, 2016, 03:16:22 PM
It would be pretty awesome if paypal could implement a wallet into their design somehow so that payment could be made from a bitcoin wallet or by paypal so essentially you could use paypal to spend your bitcoins anywhere that paypal was accepted
Who knows whats coming.
Who knows whats coming.
so we have chargeback with bitcoin also? because they actually go against someone that do not refund you know, since it would be easily traceable with them
no tnx
Im sure they could make a bitcoin option be non refundable since thats one of the main things about bitcoin, Im not saying turn bitcoin into paypal , just piggy back along with it would be good to get bitcoin out there. No need to be so negative, that wont get us anywhere.
January 13, 2016, 03:13:42 PM
Maybe they now saw how bitcoin could be a threat to them and seeing the increase of bitcoin accepting merchants due to the chargeback.
I don't see any joint venture unless paypal will change policies.
I don't see any joint venture unless paypal will change policies.
Even I feel the same as bitcoins have become a threat to many. PayPal not only needs to change its policies but also their ridiculous fees if they want to be more useful than bitcoins. They have chargebacks which are so easy to win and if they find any account dealing in bitcoins, they just close those accounts.
If PayPal wants to be more linient with bitcoins, they need to have their own exchanger atleast which makes it safe to trade in bitcoins.
January 13, 2016, 02:49:08 PM
The best thing that could come from this would the ability to convert fiat money into bitcoins directly from their website.
Yes, that would be great but IMO the only good thing to come from this. I would love to convert ebay and etsy sales into Bitcoin and this could be a way. I was really hoping for OpenBazaar to open before paypal tries to play the game. eh.
January 13, 2016, 02:25:56 PM
This is no good news for bitcoins user's.
Think about this for a moment.the #1 payment processing company with zero tolerance when it come to dealing with anonymous transaction and other e-currency i.e liberty reserve,perfectmoney,okpay.. ecc
Today where is liberty reserve? they are no more.
What happened to many other merchant's who gave customer's the ability to checkout via paypal i.e (2checkout)?
From a personal perspertive paypal are begining to see bitcoins as an indirect competitor's just like tradition bank's are feeling.
Or what do you expect if, the number of seller's who normally use paypal as their first payment processor start's switching to btc?
For sure paypal will not sit back and fold their hand's, they must come up with a strategy or introduce their services into bitcoins if, this will help bring back most distracted customer's.
Thanks
Think about this for a moment.the #1 payment processing company with zero tolerance when it come to dealing with anonymous transaction and other e-currency i.e liberty reserve,perfectmoney,okpay.. ecc
Today where is liberty reserve? they are no more.
What happened to many other merchant's who gave customer's the ability to checkout via paypal i.e (2checkout)?
From a personal perspertive paypal are begining to see bitcoins as an indirect competitor's just like tradition bank's are feeling.
Or what do you expect if, the number of seller's who normally use paypal as their first payment processor start's switching to btc?
For sure paypal will not sit back and fold their hand's, they must come up with a strategy or introduce their services into bitcoins if, this will help bring back most distracted customer's.
Thanks
January 13, 2016, 02:23:29 PM
The best thing that could come from this would the ability to convert fiat money into bitcoins directly from their website.
January 13, 2016, 02:21:41 PM
Personally i don't want to see paypal getting in touch with bitcoins.
It just doesn't fit in my opinion.
It just doesn't fit in my opinion.
January 13, 2016, 02:14:48 PM
Good news/Bad news. It is clear that paypal knows that it has to get on board with Bitcoin or get left behind. Great news in that it is great press for Bitcoin and may get Paypal users to get some Bitcoin. Bad news in that Paypal is..well Paypal. Isn't this what Bitcoin is trying to separate from? Xapo is cool, why does Paypal need to buy it?
January 13, 2016, 01:50:37 PM
I dont see this as a positive news for bitcoins as PayPal already recognizes bitcoins and exchanges like Virwox are famous for PP<->BTC transactions. They cut off ties with ebay too as they want to be independent. If only now they allow bitcoin/digital goods transactions and change their terms, they could become one of the leading online wallets and be used often by online users.
January 13, 2016, 01:46:42 PM
This seems to be good news.
They are either appointing him to eventually implementing Bitcoin as a part of a payment method for paypal or buying XAPO in the upcoming future in order to get into the bitcoin debit card business/bitcoin wallet & high quality secure wallets competing with Coinbases "Shift" card. Who knows right?!
They are either appointing him to eventually implementing Bitcoin as a part of a payment method for paypal or buying XAPO in the upcoming future in order to get into the bitcoin debit card business/bitcoin wallet & high quality secure wallets competing with Coinbases "Shift" card. Who knows right?!
January 13, 2016, 01:41:17 PM
It would be pretty awesome if paypal could implement a wallet into their design somehow so that payment could be made from a bitcoin wallet or by paypal so essentially you could use paypal to spend your bitcoins anywhere that paypal was accepted
Who knows whats coming.
Who knows whats coming.
so we have chargeback with bitcoin also? because they actually go against someone that do not refund you know, since it would be easily traceable with them
no tnx
January 13, 2016, 01:19:57 PM
It is interesting and i can say it is also an opportunity that we have as bitcoin to grow. With Paypal having this guy in, they are just saying in a humble way that they can partner with the bitcoin and make it better. So optimistic.
January 13, 2016, 01:09:11 PM
This is good news and maybe they might start accepting bitcoin, although they could be looking to create their own blockchain and their own altcoin so it would make sense for them to grab this guy, we will just have to watch this space.
January 13, 2016, 01:07:14 PM
Maybe they now saw how bitcoin could be a threat to them and seeing the increase of bitcoin accepting merchants due to the chargeback.
I don't see any joint venture unless paypal will change policies.
I don't see any joint venture unless paypal will change policies.
January 13, 2016, 01:02:25 PM
This would be only good for Bitcoin if PayPal try to make some sort of joint venture of payment with Bitcoin directly as they could see it's potential but this could also be bad if PayPal try to overtake the possibility of Bitcoin as future leading most used online payment since at the end of the day they might be just looking at a chance to pull themselves higher in the chart so it could go either way towards benefiting or fighting Bitcoin.
Jump to: