Will Bitcoin bring an end to Paypal? - page 17.

taiwww

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Quote from: Isiaka208 on September 30, 2018, 11:47:09 AM

In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?

I dont think so people are scared about using their credit cards and debit cards over the PayPal. Doesnt seem to me the case at all. Because thing is, PayPal is fiat based and its very popular as compared to the bitcoin itself. The service is trusted one and can not be missed or forgotten so easily. Also their payment solution is now available world wide with no single store left out of its portal. This means it is not replaceable at all and things once set in the globe are not replaceable by any other system so quickly. Bitcoin is not even known to half of the population for sure and most of them are not willing to even try it out. So I barely doubt that it will replace it.

goldSkylark

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It’s bitcoin’s volatility that’s preventing it from becoming an official currency, right? But let’s say in the future, bitcoin becomes a legit digital currency we can use to exchange goods and services, then of course companies like PayPal would become obsolete. I mean, will you opt to pay for PayPal’s high fees instead of the cheaper and more efficient cryptocurrency transactions?

Jannn

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Bitcoin and Paypal dont actually need to be rivals. Paypal already incorporates several currencies into it, I'm sure adding a cryptocurrency into its exchange options wouldn't be that difficult. I think it would actually be a huge benefit for both, but in the end, Paypal will just adapt, as will the banks.

iamaruf

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Quote from: Isiaka208 on September 30, 2018, 11:47:09 AM

In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?

Not possible yet.Bitcoin is popular and easy to use without restriction. But PayPal is secured and have physical existent.But Bitcoin Don't have any owner or don't have physical existent.Also it's hard to monitor bitcoin transaction.And also Government is worried for tax.So right now its impossible.

Quote from: SandDunes on September 30, 2018, 11:54:38 AM

Paypal partnered with Bitcoin. Now paypal has lost 57 million users

Read More.. http://dangerousmother.com

Nice try to promote your website newbie Grin

but you know this forum member is smarter than you Wink

BigBos

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Quote from: eann014 on October 03, 2018, 01:12:13 AM

Bitcoin is really popular but Paypal has its own use and has its own benefits to the people, bitcoin and Paypal have their differences so I don't think Paypal will end because of bitcoin, that is too impossible to happen because a lot of people are using Paypal also and at the same time we can use bitcoin and Paypal, it is better to have the two.

I don't know, paypal is very good for dollar storage, and of course paypal is very reliable on the internet. I think, bitcoin will not be able to replace the position of paypal at this time, because so many people believe in paypal just as they believe in bitcoin.

Strufmbae

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I really like the title thou i have some few words to say, it cannot be what it is, paypal is one of the means of transacting fiat money in exchange of cryptocurrency, there are so many ways on how to transact to other peer to peer and paypal is used also.

Cryptocurrency transaction is not always via blockchain address, to clarify some point, for example from my US dollar to your crypto, escrow should have both wallet, paypal wallet and blockchain address wallet (any wallet) if both crypto and usd is received by the escrow then transaction will be as smooth at ease.

revben

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If we are marching towards globalism, then it a must we have money is universal. Fiat is not universal, so crypto will be the world's money. Bitcoin will always be around, but I think about ten or so crypto will survive that has specific verticals.

calandra78

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Quote from: eann014 on October 03, 2018, 01:12:13 AM

Bitcoin is really popular but Paypal has its own use and has its own benefits to the people, bitcoin and Paypal have their differences so I don't think Paypal will end because of bitcoin, that is too impossible to happen because a lot of people are using Paypal also and at the same time we can use bitcoin and Paypal, it is better to have the two.

Actually bitcoin also has the same role in online payment methods. The difference is that bitcoin also functions as electronic money that can be used on certain sites. The main function of bitcoin is crypto currency that is used as an online payment tool. Bitcoin has its own currency symbol, namely BTC.

galambo

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Quote from: eann014 on October 03, 2018, 01:12:13 AM

Bitcoin is really popular but Paypal has its own use and has its own benefits to the people, bitcoin and Paypal have their differences so I don't think Paypal will end because of bitcoin, that is too impossible to happen because a lot of people are using Paypal also and at the same time we can use bitcoin and Paypal, it is better to have the two.

Yes, it is always better to use both. Actually bitcoins are decentralised whereas PayPal supports the centralised currencies like USD, AUR, etc. PayPal can be used to purchase bitcoins or sell them. PayPal has entirely different features and compositions than bitcoins.

Also i think that paypal is already been accepted by several countries as a mean of payment and PayPal wallet makes it much easier to send or recieve fiat currencies digitally. PayPal is a digital form of centralised currencies. Some features can be relatively be similar for bitcoins and PayPal but not that they run on a same phenomenon.

An individual can use paypal for centralised funds and bitcoins for decentralised ones. They both can operate similarly and also PayPal makes converting bitcoins into fiat much easier. Also we can directly send the funds from our PayPal wallet to our bank easily without any issue.

eann014

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Bitcoin is really popular but Paypal has its own use and has its own benefits to the people, bitcoin and Paypal have their differences so I don't think Paypal will end because of bitcoin, that is too impossible to happen because a lot of people are using Paypal also and at the same time we can use bitcoin and Paypal, it is better to have the two.

bering

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Bitcoin is indepedent currency and also can consider as digital asset or digital currency but such as webmoney paypal is only payment prossesor which mean the currency for each transactions still use other currency such as dollar or euro so i think both of them have different function but if you mean paypal users will switch over to bitcoin then i think it will possibly happened but to eliminate paypal i think it won't be happened at least in the near future

xfaqs01

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probably yes but for now its too early to speculate on that, paypal has been establish for quite a while and theres a lot of institutional investors it at wall street so, but over time when the anticipated global crisis erupts then most of the monetary system will be crypto Grin

andriw

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for now, in my opinion, paypal must still exist to adopt bitcoin in paypal payment mode, this will further strengthen the existence of bitcoin and expand the circulation of bitcoin.

MMS2017

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I am not sure that pay-pal will be finished in the world but pay pal is also an important way for online payments and people trusted it very much an pay pal and crypto will be survive with it and if crypto become legal all over the world may be it will take the space of pay pal.

Mpamaegbu

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Quote from: AkiyoshiKumiko on September 30, 2018, 11:54:28 AM

i think no bro. yup bitcoin is popular. but paypal is more security

Obviously, English isn't your thing. Grin

How secured is PayPal really? I think PayPal's discriminatory approach towards residents from certain countries is its major bane. I for one would love to see all that change or it burns with it. This is a major advantage bitcoin has over it and it could run PayPal down. Hopefully, it does.

killat

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Crypto is an enabler..especially in international payments..
Earlier we used paypal for accepting payments from foreign clients.and as everybody knows Paypal is a big parasite used to eat 9% in fees and currency conversion and after that days and days of waiting to get it in bank.

With crypto in half an hour the payment from client is in localbitcoins account and if buyer has localbitcoins accounts then instantly and after that within a minutes in bank account.

And nobody can dare to freeze my accounts.nobody will judge if my payment is a risky one or whatever paypal used to call it.

giantrobot

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Paypal will not disappear unless Bitcoin is accepted worldwide. Because nowadays some countries do not accept Bitcoin, Paypal still demonstrates its usefulness. Moreover, there are many people using Paypal to trade so Bitcoin wants to end Paypal will be very difficult.

Kasliono

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Quote from: Isiaka208 on September 30, 2018, 11:47:09 AM

In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?

In my opinion, it will be happened when all of us already use bitcoin as a world currency, without using anyother kind of currencies. It means that we never use dollar, yen, and any kind of currencies to do the transaction. But, even it is happened, paypal will still alive when paypal addopt bitcoin into their currency as a payment to. So, it depends on the paypal.

h0lybyte

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Quote from: Isiaka208 on September 30, 2018, 11:47:09 AM

In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?

Paypal in terms is the alternate of digital payments transfer and the major differance between both the Bitcoin and Paypal is legality and illegality.
If we see, bitcoin is considered an illegal asset in most parts of the world but Paypal has allowance by all governments.
So the statement of bitcoin bringing end to paypal is wrong

yurekaa

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In my opinion. bitcoin will not affect paypal or other payment tools. all payment instruments can die or do not have users when their system cannot continue to grow and adjust to customer needs. so, the existence of bitcoin will not affect other payment instruments when they can continue to improve the system and develop payment instruments according to the best needs and level of service.

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