Who is winning the Race - Bitcoin or Paypal? - page 8.

boyptc

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Quote from: ndnh on January 31, 2017, 09:16:05 AM

Bitcoin and Paypal are two entirely different things. How about Coinbase and Paypal?

This is the right question for this thread. Bitcoin a crypto currency and its used as a remittance. Maybe comparing paypal to an exchange is the right way of this comparison because bitcoin is distinct from exchange. But well, no doubt that bitcoin is going to win this race as many are tired of using Paypal because of their higher fee.

ndnh

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Bitcoin and Paypal are two entirely different things. How about Cubits, Bitpay and Paypal?

(edited. Cubits is similar to Paypal than Coinbase.)

Red-Apple

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since you are posting this in a gambling board then you only have to compare them in gambling and i don't know if you have ever noticed but gambling is small part of bitcoin usage.

and the comparison is too obvious, we can all tell that bitcoin is a lot better. the anonymity, and the cheap transactions alone beat any other method and there is no need to start on any other features.

MinerHQ

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Quote from: tiggytomb on January 31, 2017, 05:33:27 AM

I think Paypal is winning but Bitcoin is the winner, Paypal has the global acceptance but bitcoin has the most to offer and at some point will overtake Paypal as the leader in mobile and online payments.

As long as people can't send bitcoins with confidence to unknown persons online, bitcoins can't overtake PayPal because as of now if you want to deal with unknown persons then we have to go through with escrow for the transactions, and it can delay the transaction and also adds additional cost to the transaction. So I think both have different advantages and disadvantages. I still feel Paypal will lead online payment processing compared to Bitcoins.

tiggytomb

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I think Paypal is winning but Bitcoin is the winner, Paypal has the global acceptance but bitcoin has the most to offer and at some point will overtake Paypal as the leader in mobile and online payments.

tortic25

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PayPal is worth nearly $50 billion
bitcoin market cap$15.07B

PayPal processed $99 billion, up 22% from the same period last year, net revenue of $2.98 billion, up 17% from sales of $2.56 billion in the fourth quarter of 2015
bitcoin same price it was 4years ago...

surprised to see so many people saying bitcoin is winning the race with very little change.

i use both... but with btc prices going too high or too low "too fast" i never keep it long enough. only when i want to gamble.
i use paypal 10x more.

which is why i think btc hasn't exploded like we all thought it would a few years ago. people keep money in a savings account for years. if alot of bitcoin users are like me and are too scared of holding it long term the demand wont be as great.

susila_bai

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Quote from: erpbridge on January 31, 2017, 03:59:29 AM

Like others said both have merit, but bitcoin may never beat paypal, as it is more complicated to set up for a lay person, and it does not offer features like paypal which are more important in the real world, for example the buyers protection.

You mean to say that paypal is giving the best security - that is buyers protection, then i think you have not gone through the scam post of how the buyers are scamming the sellers in the name of buyers protection. So i think paypal is becoming the worst nightmare to use. as the transactions are reversible before 6 months.

Kemarit

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No clear winner both has its own strength and weakness. Just take advantage of both and you will be ok if you are using both as online payment.

erpbridge

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Like others said both have merit, but bitcoin may never beat paypal, as it is more complicated to set up for a lay person, and it does not offer features like paypal which are more important in the real world, for example the buyers protection.

Catmony

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For online shopping = paypal is best because of its buyers protection.
For gambling and buying items being anonymous = bitcoin is perfect

So both have their own advantages and disadvantages but talking about gambling, bitcoin is the winner.

NorrisK

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Both have their merits..

At this time there is clearly a market for both, but this will likely shift to give bitcoin a bigger share of the market. For online gambling it will definately be bitcoin, as it is illegal in many countries and paypal won't provide their service in that case.

amacar2

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Paypal and all centralized payment processors will slowly die because of bitcoin atleast in gambling niche. Credit card and payment from centralized payment gateway can expose your personal details and government may knock your door if gambling is restricted in your country or if you are under age. Bitcoin will soon be no.1 payment system for gambling platforms and casinos.

piloder

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Paypal is not accepted in almost all of the gambling platform so bitcoin is far better than paypal in gambling industry and i don't think bitcoin should be compared with paypal in this regard.

We can compare bitcoin with skrill, neteller which are popular payment gateway for casinos/sportsbook in past, but now bitcoin is slowly overtaking them. They have also realized the potential of bitcoin so they have started accepting bitcoin as one of their deposit method.

Idrisu

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Quote from: game-protect on January 30, 2017, 08:29:47 PM

Paypal has buyer protection, Bitcoin not. But Bitcoin will win, as it is decentralized and everyone is his own bank.

PayPal has the buyers protection it has established strong trust online. Bitcion though young has also gone from stage to stage. In near by future PayPal may not be needed except they merchandise. Bitcoin is decentralised, you can easily make transfer with low fees, PayPal don't increase in value but bitcoin has increased it value from inception till now and those that are buy and holding has also makes it big in bitcoin.

oxygen88

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The winner is clearly Bitcoin, I just have one word to describe Paypal = Lousy

game-protect

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Paypal has buyer protection, Bitcoin not. But Bitcoin will win, as it is decentralized and everyone is his own bank.

Slark

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Bitcoin has one big advantage over PayPal - no one can block your account. Your wallet is totally under your control.
With centralized payment services it is common to see your account suspended, frozen and banned when they find out you are dealing with online gambling services.
No wonder bitcoin is leading the way to become number 1 currency used by gamblers and dethrone fiat.

ReferenceGamblingSite

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bitcoin can win, bitcoin anonymous and easy use, bitcoin can get rerturn because bitcoin price fluctuative
paypal is very dificult use, must verified, and can't get return

darknetmarkets.co

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As an online payment platform, Bitcoin appears to have all the advantages over Paypal, making it hot for the online gambling world too.

Read more: https://bitcoincasinos.reviews/bitcoin-is-winning-the-popularity-race-against-paypal/

Topic: Who is winning the Race - Bitcoin or Paypal? - page 8. (Read 3995 times)