Topic: PayPal Stops Operating in Turkey, Online Payment Sector Turns to Bitcoin (Read 1291 times)
June 10, 2016, 06:46:13 PM
what was the reason? 1% decided?
June 10, 2016, 06:42:11 PM
Paypal is not being used in most of the countries specially developing countries due to foreign exchange rules and they are also gradually lossing places to operate with this rules. Bitcoin is free to trade and even government can't ban bitcoin so bitcoin will surely replace paypal from lots of places and bitcoin is being used in countries where paypal is not supported till now. Paypal are just out there who openely rob our hard earned money with high fee and limitation of our account. 
Agree.There are couple of reasons for it.Myself being from a developing country I have a better idea why people don't use paypal here expect for those traders or money launderers.
1.Too much competitors in the same market,instead of paying high service fees to paypal ,people choose to use our own digital payment system which doesn't rely on stuff like document verification or delayed payments .Everything happens quite instantly and have instant customer support.
2.Paying with Debit/ATM cards is at full swing here without the use of any 3rd party payment processors.No one takes trouble of maintaining online accounts.Simply pay through card with your bank's native API and its done.
AFAIK, PayPal stopped in Turkey because the government there did not allow them, so this same government may work on fighting bitcoin and make it illegal !
Trust me,if a government can boycott paypal ,I'm very sure they would object bitcoin in some or the other way.Making it illegal is way beyond.That would just restrict the usage of it but they can't stop people from using it.
June 10, 2016, 06:01:26 PM
AFAIK, PayPal stopped in Turkey because the government there did not allow them, so this same government may work on fighting bitcoin and make it illegal !
June 10, 2016, 05:54:40 PM
This is good news that they choosen bitcoin than paypal.. honestly its hard to use the paypal many verification before you can withdraw or deposit.. unlike bitcoin anytime without asking your identity you can withdraw or deposit..
June 10, 2016, 04:13:14 PM
Seems like it could be great news on the face of it but we'll have to wait & see. Would be fantastic if PayPal users in Turkey migrate to bitcoin now.
I think there will be a slight migration, but I don't think the entire online sector for Turkey is just going to switch to Bitcoin; maybe something like 10%-23% will migrate, maybe with a slight trickle after that but I don't think we'll see major moves aside from that. I could be wrong, but I guess we'd just have to see what they decide. 
June 10, 2016, 04:04:34 PM
Seems like it could be great news on the face of it but we'll have to wait & see. Would be fantastic if PayPal users in Turkey migrate to bitcoin now.
June 10, 2016, 02:47:35 PM
YES! Great news and of course the next digital option is Bitcoin. I hope this is a trend we will see in the near future.
June 10, 2016, 02:25:51 PM
Paypal is trash and more and more people will start waking up from it, but maybe they react and start accepting BTC themselves. In fact I think they got some patents pending to add BTC in Paypal soon.
You know I never had issues with paypal until recently, depositing a few hundred and my account was limited when I needed it most. 3 days to open it up again, what I think of them trash is an understatement. I have heard talks for quite some time about them accepting bitcoin in future. I won't be using them again either way I'l just wait for more places to accept bitcoin.
Turkey has an ideal candidate in bitcoin hopefully it all goes smoothly and they turn fully to bitcoin over the next year. It will be huge for the future of crypto!?
June 10, 2016, 02:18:18 PM
With Turkey residents losing a convenient option for sending and receiving payments online, the country’s online payment sector is gradually yielding to a free control market with the uptake in Bitcoin use.
You can read more about it : http://cointelegraph.com/news/paypal-stops-operating-in-turkey-online-payment-sector-turns-to-bitcoin
Bitcoin 1-0 Paypal.
You can read more about it : http://cointelegraph.com/news/paypal-stops-operating-in-turkey-online-payment-sector-turns-to-bitcoin
Bitcoin 1-0 Paypal.
With this news Bitcoin usage in Turkey will increase paypal's lost is Bitcoin's gain many more countries are going to follow and with this,the future of crypto currency is brighter..
June 10, 2016, 01:40:24 PM
paypal is died . we have to use services like e-coin.io ( wirexapp.com soon )
debit card - bitcoin - remittance ( tripple power )
debit card - bitcoin - remittance ( tripple power )
June 10, 2016, 01:32:43 PM
Guys I couldn't understand why the license of PayPal to operate in Turkey was revoked by the government. Honestly I thought at first that there are just not enough PayPal users in Turkey and that's why PayPal is leaving the Turkish market or there is another reason behind that decision? It would be interesting to see if Bitcoin will gain more traction now as a worthy alternative to PayPal becoming the preferred digital payment processor in Turkey.
June 10, 2016, 11:20:39 AM
Paypal is trash and more and more people will start waking up from it, but maybe they react and start accepting BTC themselves. In fact I think they got some patents pending to add BTC in Paypal soon.
June 10, 2016, 11:18:18 AM
June 10, 2016, 11:15:05 AM
this news makes me very happy mostly because i hate paypal and i hope they stop operating in all the countries. i mean the countries stop letting paypal even operating in their country before that so people can start to look around and find better solutions.
June 10, 2016, 10:58:31 AM
Well that is very good news for decentralized payment systems like Bitcoin which empowers the people with being fully in control of their own money but this begs the question if the Turkish government didn't approve of the PayPal license to operate in the country, will they approve of Bitcoin to be a legitimate payment method for online transactions? Now there is a big open space for other companies specializing in payment processing to swoop in and get a big market share but do you think the Turkish government will prefer Bitcoin firms rather than common fin-tech firms similar to Paypal?
June 10, 2016, 10:52:57 AM
Paypal is not being used in most of the countries specially developing countries due to foreign exchange rules and they are also gradually lossing places to operate with this rules. Bitcoin is free to trade and even government can't ban bitcoin so bitcoin will surely replace paypal from lots of places and bitcoin is being used in countries where paypal is not supported till now. Paypal are just out there who openely rob our hard earned money with high fee and limitation of our account.
June 10, 2016, 10:52:33 AM
Great news for Bitcoin but hardly good news for Turkish citizens.
Lately I've been hearing some alarming news about Turkish government and its tensions with other countries mostly Germany and Russia.
Now I see they are problems with internal affairs too, because, let's be honest - how many countries have law so harsh that Paypal is forced to leave?
I wouldn't be surprised that Ankara will try to ban bitcoin in near future too.
Lately I've been hearing some alarming news about Turkish government and its tensions with other countries mostly Germany and Russia.
Now I see they are problems with internal affairs too, because, let's be honest - how many countries have law so harsh that Paypal is forced to leave?
I wouldn't be surprised that Ankara will try to ban bitcoin in near future too.
June 10, 2016, 10:37:07 AM
Indeed great news!
Decentralized network aka Bitcoin 1 - 0 centralized service aka Paypal
Let that be a lesson to everyone!
Decentralized network aka Bitcoin 1 - 0 centralized service aka Paypal
Let that be a lesson to everyone!
June 10, 2016, 10:26:00 AM
I think this is a really good development for bitcoin, it gains a lot of attention in turkey and even n the rest of the world.
on /r/turkey subreddit (or something) they even discussed this. So it's not even only limited to bitcoin-related forums and subreddits.
on /r/turkey subreddit (or something) they even discussed this. So it's not even only limited to bitcoin-related forums and subreddits.
June 10, 2016, 10:14:45 AM
Well a Turkish bitcoin exchange has been set up:
http://www.coindesk.com/btcturk-becomes-the-first-turkish-lira-to-bitcoin-exchange/
So they're good to go!
http://www.coindesk.com/btcturk-becomes-the-first-turkish-lira-to-bitcoin-exchange/
So they're good to go!
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