PAYPAL RUMOR - page 2. | Bitcointalksearch.org

MrMojoRising26

hero member

Activity: 602

Merit: 729

Quote from: pixie85 on June 23, 2020, 02:52:46 PM

Quote from: cheezcarls on June 23, 2020, 09:55:55 AM

A couple of years ago, Paypal CEO claimed that Bitcoin is the biggest scam in history due to the pump and dump scenario:

https://www.forbes.com/sites/ktorpey/2018/04/24/founding-paypal-ceo-bill-harris-says-bitcoin-is-a-scam-heres-why-hes-wrong/

How funny that he threw off the hat and now considering to welcome Bitcoin and cryptocurrency in open arms.

That was the old PayPal CEO. He's no longer with the company and they hired a Bitcoin enthusiast in his place.

This shows how with new technologies the old must go for the new to be accepted. Old farts don't like changes.

https://cointelegraph.com/news/paypal-ceo-hodls-bitcoin-and-only-bitcoin

I think they noticed that square made like 300 million in profits since having BTC available on their app. Paypal and others will follow they can't resist potential profits regardless if they like bitcoin or not.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: pixie85 on June 23, 2020, 02:52:46 PM

Quote from: cheezcarls on June 23, 2020, 09:55:55 AM

A couple of years ago, Paypal CEO claimed that Bitcoin is the biggest scam in history due to the pump and dump scenario:

https://www.forbes.com/sites/ktorpey/2018/04/24/founding-paypal-ceo-bill-harris-says-bitcoin-is-a-scam-heres-why-hes-wrong/

How funny that he threw off the hat and now considering to welcome Bitcoin and cryptocurrency in open arms.

That was the old PayPal CEO. He's no longer with the company and they hired a Bitcoin enthusiast in his place.

This shows how with new technologies the old must go for the new to be accepted. Old farts don't like changes.

https://cointelegraph.com/news/paypal-ceo-hodls-bitcoin-and-only-bitcoin

Getting some lines in the article:

"PayPal’s CFO John Rainey said in May that the firm has teams that are working on blockchain and cryptocurrency, and that they wish to participate in that technology in whatever form it takes in the future. "
source: https://cointelegraph.com/news/paypal-ceo-hodls-bitcoin-and-only-bitcoin

and now they are already trying to pursue that thing which is a good news for me.

pixie85

hero member

Activity: 2170

Merit: 528

Quote from: cheezcarls on June 23, 2020, 09:55:55 AM

A couple of years ago, Paypal CEO claimed that Bitcoin is the biggest scam in history due to the pump and dump scenario:

https://www.forbes.com/sites/ktorpey/2018/04/24/founding-paypal-ceo-bill-harris-says-bitcoin-is-a-scam-heres-why-hes-wrong/

How funny that he threw off the hat and now considering to welcome Bitcoin and cryptocurrency in open arms.

That was the old PayPal CEO. He's no longer with the company and they hired a Bitcoin enthusiast in his place.

This shows how with new technologies the old must go for the new to be accepted. Old farts don't like changes.

https://cointelegraph.com/news/paypal-ceo-hodls-bitcoin-and-only-bitcoin

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: OmegaStarScream on June 23, 2020, 01:49:57 PM

My main concern is whether people will be able to withdraw their coins or not. Skrill did the same thing a few months back, but no one is really using that, mainly because their platform doesn't give out access to your crypto.

That would be the main concern and if this one turns out to be an another custodial one and wont really give out that access then it will still surely fail or wont really get any users at all.
Its really quite surprising that Paypal do now recognized nor do reconsider on integrating things which they do basically know that crypto itself is fully contrary into its service or
they are just tending to dive in on how crypto payment looks like or make them to earn money.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: aioc on June 23, 2020, 02:18:49 PM

Quote from: OmegaStarScream on June 23, 2020, 01:49:57 PM

My main concern is whether people will be able to withdraw their coins or not. Skrill did the same thing a few months back, but no one is really using that, mainly because their platform doesn't give out access to your crypto.

I wonder how they are going to play that out since Skrill failed on this one, but let's give Paypal a chance this is a huge company, they will eventually join this technology, they failed on the Libra project, now they want on on their own, the number of users is so huge it looks like a big pump coming because of this news, not a rumor anymore.

yes why not. give them a chance. there is a similar chance that chainlink can provide which is their oracle. i hoping they were requiring the engineer because of chianlink feature which could handle what they can with a smartcontract. the creativity will work here so its up to them how they can make people happy with their smartcontract.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: OmegaStarScream on June 23, 2020, 01:49:57 PM

My main concern is whether people will be able to withdraw their coins or not. Skrill did the same thing a few months back, but no one is really using that, mainly because their platform doesn't give out access to your crypto.

I wonder how they are going to play that out since Skrill failed on this one, but let's give Paypal a chance this is a huge company, they will eventually join this technology, they failed on the Libra project, now they want on on their own, the number of users is so huge it looks like a big pump coming because of this news, not a rumor anymore.

Stedsm

legendary

Activity: 3052

Merit: 1273

PayPal should never, ever integrate crypto (if this is ever gonna happen) because then, centralization at mass level will take place which means that the limited control that we have, of our coins, will be stolen and we won't be able to do anything for that. It's better if PayPal sticks to its old mentality about cryptocurrencies and BTC.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

My main concern is whether people will be able to withdraw their coins or not. Skrill did the same thing a few months back, but no one is really using that, mainly because they give people access to their crypto, not outside of their platform anyway.

electronicash

legendary

Activity: 3178

Merit: 1054

paypal hates btc since time but its really interesting what they'd be doing with this blockchain engineer to turn it into thier gain.

it could be that they will allow BTC users to sell their Bitcoin and they'd send paypal USD to these users but not allowing paypal users to buy BTC. this could just be what the case, they are just going to be collecting BTCs.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

We already have a topic for this, here: Topic: 325 million new potential users https://bitcointalksearch.org/topic/325-million-new-potential-users-5257445

cheezcarls

hero member

Activity: 2254

Merit: 658

Looking for gigs

Quote from: Mbitr on June 23, 2020, 03:59:51 AM

I think the crucial word is Rumour -‘ three people familiar with the matter’ !
Here’s the full link

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

Personally I can’t see it happen

And they are currently looking to hire crypto engineers:

https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration

I've been a Paypal user for almost a decade in receiving salaries for my work. However, due to their ridiculous high fees, I stopped using them as option for receiving payments (except when buying plane tickets from local flight carriers for most of the past two years).

A couple of years ago, Paypal CEO claimed that Bitcoin is the biggest scam in history due to the pump and dump scenario:

https://www.forbes.com/sites/ktorpey/2018/04/24/founding-paypal-ceo-bill-harris-says-bitcoin-is-a-scam-heres-why-hes-wrong/

How funny that he threw off the hat and now considering to welcome Bitcoin and cryptocurrency in open arms.

Mbitr

legendary

Activity: 2058

Merit: 1321

Bitcoin needs you!

I think the crucial word is Rumour -‘ three people familiar with the matter’ !
Here’s the full link

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

Personally I can’t see it happen

MrMojoRising26

hero member

Activity: 602

Merit: 729

I'm sure we all heard the rumor by now I will believe it when I see it, but it would be pretty cool to have friends venmo you some BTC!!! or BTC friends and family paypal payment option Cheesy

Im not sure how this unfolds but It is a good start for all the nocoiner friends of ours to see bitcoin as a payment option on paypal or venmo. I hope there is some truth to the rumor just to have more widespread adoption. Although screw the middleman always taking a cut of our money! That would be some real irony having bitcoin being used and some third party taking a cut Cry

But every company takes a cut in fees or whatever so be it I guess. I'm looking forward to hearing your opinions on this

Topic: PAYPAL RUMOR - page 2. (Read 408 times)