In my own perspective, I think paypal is very popular in this industry but the company of bitcoin never left behind in this industry.
The improvements and excellence they show in the public market is very impressive which gives them a high potential that they can take over the paypal in this industry.
Topic: Paypal VS Bitcoin - page 3. (Read 2373 times)
i choose bitcoin and you ?
I only choose what I used,, so it’s bitcoin but PayPal has been part and holds digital currency since then and I can’t make a bad remarks about it even it is regulated and centralized.. There is no competition within those two if we only knows how to used them both and to benefits to each unique features that is necessarily available to one..
if you have 5,000 gifts and Asked to get it with
1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
Bitcoin - Undoubtedly
Bitcoin - Undoubtedly
And it does not matter whether it will fall or increase.
Crypto currency is the future!
Even the same Paypal will eventually take Bitcoin
if you have 5,000 gifts and Asked to get it with
1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
I will choose bitcoin. In addition to my money will rise / fall in the future, bitcoin can also be used to sell / buy around the world. In fact, bitcoin transactions don't need to go through the bank, and that's what makes bitcoin easier to use than paypal. 1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
if you have 5,000 gifts and Asked to get it with
1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
I heard that paypal are wanting to adopt digital currency because of the good outcome of bitcoin specifically, 1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
For me i choose bitcoin for everything, transaction, as investment and it has great services aslo we can make some method to earn bitcoin much easy task to earn money. Yes paypal is good when bitcoin are not yet exist many people using paypal to transact online but now little by little many people transfering to used bitcoin than paypal.
if you have 5,000 gifts and Asked to get it with
1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
1) Paypal: Buy/Sell everything all over the world.
2) Bitcoin: your money will increase/ decrease in future.
which one will choose?
For me I'll choose bitcoin because it is far more convenient than paypal. Online payment with a little/no huge fees, faster transactions, private and safe, and also i think in the near future, bitcoins will be legally used as a currency. 
Thanks for the post! Have you looked into the same sort of comparison but for private blockchains? I am currently struggling to find that kind of information 
Private blockchains rarely use POW method as far as I know, so they may have less issues with speed. However such approach increases chances of abuse or compromise.
Thanks for the post! Have you looked into the same sort of comparison but for private blockchains? I am currently struggling to find that kind of information
I like the way on how you described Paypal and Bitcoin from each other. One misconception of everyone is that Paypal is the same with Bitcoin. Now it is not. Paypal is just a means of payment with fiat money that is just transferred digitally. But Bitcoin is a lot more different. Because Bitcoin itself is actually the currency, a cryptocurrency that has it's own rate against the fiat currency and is very volatile. It's transaction is also far different because it is transacted anonymously. Unlike Paypal which you can determine who transferred money for the purpose of exchange of product or service.
Why we are comparing Bitcoin to PayPal? Bitcoin can be defined as either a currency, or as an investment asset. But on the other hand, PayPal is a payment processor which makes use of fiat currencies such as the United States Dollar and the United Kingdom Pound. We can compare BitPay with PayPal, but we can't compare Bitcoin with PayPal.
Exactly, they aren't even comparable. And bitcoin today can't even be used as micro payment transactions because of the current high fees which a lot of users are complaining. I think they are trying to compare them in terms on their ability to send and received money. But it is still up for debate, because the original design of bitcoin is P2P however, it has evolved now as being a form of investment. What I like about bitcoin though is that we don't have something in between and you are your own bank, unlike in Paypal, in order to have one, at least you need to present like a credit card or bank account for verification and approval purposes.
Why we are comparing Bitcoin to PayPal? Bitcoin can be defined as either a currency, or as an investment asset. But on the other hand, PayPal is a payment processor which makes use of fiat currencies such as the United States Dollar and the United Kingdom Pound. We can compare BitPay with PayPal, but we can't compare Bitcoin with PayPal.
Very simply, transferring money through bitcoin involves: using your local currency to purchase bitcoin, then
selling your bitcoin for the international currency you want. Your recipient receives your bitcoin transfer in a bitcoin wallet. They need to sell the bitcoin for their local currency. Finally, they need to withdraw the currency to their bank account.
Here’s how to transfer money through PayPal: fund your transfer with your PayPal balance, bank account, credit or debit card, or PayPal Credit, then send money to your recipient’s PayPal account. After your recipient receives the money, they can either keep the funds in their PayPal account or withdraw the money to their bank account.
selling your bitcoin for the international currency you want. Your recipient receives your bitcoin transfer in a bitcoin wallet. They need to sell the bitcoin for their local currency. Finally, they need to withdraw the currency to their bank account.
Here’s how to transfer money through PayPal: fund your transfer with your PayPal balance, bank account, credit or debit card, or PayPal Credit, then send money to your recipient’s PayPal account. After your recipient receives the money, they can either keep the funds in their PayPal account or withdraw the money to their bank account.
I myself prefer to choose bitcoin for the reason you mentioned earlier, that our money will increase, although it still raises anxiety about the prediction of its price in the future.
The emergence of bitcoin is the beginning of the end of PayPal. I don't see any prospects for them to exist together. Bitcoin will always offer more favorable terms than its closest competitors. But I actually doubt that bitcoin has competitors. PayPal good bye. their mistake is that they always flirted with the government. Now it's time to pay the bills.
Lets assume you send your money through PayPal as a gift car, then it is definite that your money is locked and is not going to increase automatically. But on the side if you send your money through Bitcoin there is 90% probability that your money will definitely rise. There is no speculation in this thing one can observe the graph over the last couple of months and trust in Bitcoin can be assured automatically. Bitcoin is really the future of virtual currency, hence one should start investing before its too late.
With lightning network operative, it's easy to predict bitcoin finally being able to compete against Paypal, finally, after all these years of people complaining about it. It is impossible to compete against a centralized payment system like Paypal on-chain, but im sure advancements in technology with further off-chain transaction improvements are going to give us a tx throughput higher than Paypal, Visa, Mastercard and everyone else combined, while retaining levels of decentralization high enough for most of these use cases.
A Bitcoin address on the other hand, is far more secure than a PayPal balance.PayPal itself can be manipulated to freeze a PayPal balance (for example, by reporting it as a scammer), but stealing from a Bitcoin address would take longer than the lifetime of the universe with current technology.
Choosing what's better I'll go with bitcoin. Though PayPal is widely accepted and before bitcoin is having hard time to get the popularity but we are now on that stage.
Bitcoin is starting to become accepted worldwide and this is just the start of it, people who wants to start transacting will be using bitcoin for faster transaction but as of now there is a congestion.
It's irreversible unlike Paypal, the other end can reverse the transaction and bitcoin is a currency and at the same time an investment.
Bitcoin is starting to become accepted worldwide and this is just the start of it, people who wants to start transacting will be using bitcoin for faster transaction but as of now there is a congestion.
It's irreversible unlike Paypal, the other end can reverse the transaction and bitcoin is a currency and at the same time an investment.
PayPal is our past. This payment system is I didn't like never. So I'm not going to miss her. It seems to me that it makes no sense to discuss it. Bitcoin is the currency of the future. Maybe someday the price of bitcoin will be stable. The speculators will lose interest in bitcoin. This can reduce the price of bitcoin but we will see more widespread use of bitcoin in all areas of our lives.
Paypal is still on present times because It have been still used even as of these days since not all people have the awareness of bitcoins existence which means paypal would really still remain no matter what. Bitcoin did reach new heights but there are still lots of people who would use Paypal over bitcoin because they do already got used to it specially if those people did able to see the flaws on which bitcoin is experiencing now which is high fees with slow confirmation times. We should accept the fact that bitcoin do have those kind of problems.In the end Paypal will accommodate bitcoin on their platform, it takes a great time because Peter Thiel is also very support with bitcoin. Paypal moves transparently on the payment platform and they will think further if in the end amazon use bitcoin. There is no competition because bitcoin is much more complex as subject and paypal is as an accomodator option.
Jump to: