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Topic: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments - page 2. (Read 2229 times)

hero member
Activity: 924
Merit: 1000
bitcoin will put pp out of business...

...or Paypal will introduce many mainstream businesses to Bitcoin.   Smiley

Indeed. They just need to shift to a different way of making business, which may not be easy, but is still better than being replaced. Every corporation needs to grow bigger, acquire new things anyway to remain competitive.
sr. member
Activity: 462
Merit: 250
If this is such great news, then why the drop in BTC price? Granted, the volume is low, so it could mean that people are waiting to decide what to do.. but you would think that there would have been a price spike, but we got the opposite...

It may depend on how they implement the system. If it automatically converts to fiat, then it's not a good news in the short term. For bitcoin to work, everyone needs to accept bitcoin, e.g. You can pay your suppliers with bitcoin,  people take bitcoin as a part of their salary. Paypal could very well make or break bitcoin, depending on the public adoption.


It takes time for bitcoin to be accepted universally. When more people use bitcoin, they will keep some and not use all, so the user base will increase, hence the value will also increase. Just be patient.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Braintree is a subsidiary of PayPal. It doesn't mean PayPal completely embrace BTC. There are many factors to be considered, such as state regulation, security etc.

Well this is true for any money transmitter, and considering the size of the paypal network I have a good feeling that they will know how to comply with all applicable laws (and if they don't already, they can sure afford the lawyers to figure it all out).

Hopefully paypal will allow people to accept bitcoin and add bitcoin as an alternative currency in their account (much like international seller accounts) with an option to turn that bitcoin into whatever currency they like for a fee. That way in the beginning people can accept bitcoin and turn it into fiat if they wish. Then little by little as they deal more and more in bitcoin they will just keep the bitcoin balances in their account so that they can bypass the fiat exchange fee.
hero member
Activity: 574
Merit: 500
Braintree is a subsidiary of PayPal. It doesn't mean PayPal completely embrace BTC. There are many factors to be considered, such as state regulation, security etc.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
If this is such great news, then why the drop in BTC price? Granted, the volume is low, so it could mean that people are waiting to decide what to do.. but you would think that there would have been a price spike, but we got the opposite...

It may depend on how they implement the system. If it automatically converts to fiat, then it's not a good news in the short term. For bitcoin to work, everyone needs to accept bitcoin, e.g. You can pay your suppliers with bitcoin,  people take bitcoin as a part of their salary. Paypal could very well make or break bitcoin, depending on the public adoption.


I don't think it's going to be Paypal making or Breaking Bitcoin but the other way around.  Paypal is the one that needs Bitcoin, if it's not Paypal it will be someone else taking advantage of the opportunity that clear as day.  People don't see Bitcoin for the innovative technology that it is and that is simply underestimating the potential for growth it has in many different ways. 
full member
Activity: 168
Merit: 100
bitcoin will put pp out of business...

...or Paypal will introduce many mainstream businesses to Bitcoin.   Smiley

Let's hope so  Smiley
newbie
Activity: 28
Merit: 0
If this is such great news, then why the drop in BTC price? Granted, the volume is low, so it could mean that people are waiting to decide what to do.. but you would think that there would have been a price spike, but we got the opposite...

It may depend on how they implement the system. If it automatically converts to fiat, then it's not a good news in the short term. For bitcoin to work, everyone needs to accept bitcoin, e.g. You can pay your suppliers with bitcoin,  people take bitcoin as a part of their salary. Paypal could very well make or break bitcoin, depending on the public adoption.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
bitcoin will put pp out of business...

...or Paypal will introduce many mainstream businesses to Bitcoin.   Smiley
hero member
Activity: 560
Merit: 500
★777Coin.com★ Fun BTC Casino!
bitcoin will put pp out of business...
legendary
Activity: 1135
Merit: 1001
If this is such great news, then why the drop in BTC price? Granted, the volume is low, so it could mean that people are waiting to decide what to do.. but you would think that there would have been a price spike, but we got the opposite...

Disappointing but true. Maybe it's some big player(s) pushing the price down as much as possible while they can to increase profits later on.
hero member
Activity: 924
Merit: 1000
If this is such great news, then why the drop in BTC price? Granted, the volume is low, so it could mean that people are waiting to decide what to do.. but you would think that there would have been a price spike, but we got the opposite...
full member
Activity: 154
Merit: 100
PAMINTA 101
I just read this one in cointelegraph. Paypal will surely get a hold of bitcoin action anytime now.
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