Topic: Will Bitcoin bring an end to Paypal? - page 18. (Read 3100 times)

From 2011

Bitcoin TPS (transactions per second) is still slow, it won't replacing paypal if we cannot do transactions quickly.
But i heard that lightning network will solving that problem. If we can use bitcoin to doing many tx, then bitcoin will become a mainstream payment gateway.

Paypal is already end for me. Their fee is too crazy and not many people use it anymore.
If compared to bitcoin, i prefer to use bitcoin as a payment than paypal

I don't see Paypal to stop operations. They can simply adapt by accepting crypto. If they do so, huge amount of their user base will get option to purchase and use digital currencies, most likely they would be successful in that business too

I do not think that bitcoin destroy PayPal as it is a very reliable and popular payment system that is even more popular than bitcoin. Also, the payment system helps to return money from dubious investment projects, and if you make a payment with bitcoin, you will not return anything !

I think cryptocurrencies will kill all old-style online payment processors and not only PayPal, because transaction fees in crypto are much lower and there's also no bans or cash backs.

I hope so. Companies such as Paypal and Western Union have earned a lot of money to transfer money from people for years. And they're not transferring their own money! They earned money from their customers' money. I hope that Bitcoin and the crypto will be successful. Companies that do not have this kind of production find themselves a real job. May be usefull one!

In my opinion, it will not end whether bitcoin or Paypal, just because they have their own name established and a lot of people are believing on both of them, so its impossible even if they have a large margin of users of it, the fact is their are still users of it that continue gaining benefit.

As both a PayPal and bitcoin user, I doubt bitcoin will put an end to PayPal. A lot of people have been using PayPal, perhaps more than bitcoins right now. It will take time before PayPal decides to shut down their websites because of bitcoins. If any, they might even join the crypto world and convert as an online wallet or something else, but PayPal ceasing operation because of bitcoins? I am not sure about that.

I think that Paypal will start losing its business when crypto will go much more mainstream, so let's say when also the fiat money will start losing power in favour of the cryptocurrencies, so for the next years I don't think Paypal will suffer too much.

i dont think so, we can see that paypal is just a payment gateway, paypal still use the USD as the currency, and we can see bitcoin is not use USD anymore, bitcoin have their own value. so bitcoin and paypal is 100% totally different

Paypal is not being accepted in some countries and therefore those countries are now trading and also buying goods with BTC instead of Paypal. In countries where they use Paypal they are also using BTC and stopping Paypal use.    

Yes! Bitcoin is still the best for paypal, you don't need any more cards or banks to connect it to your paypal account to make payment for anyone. Because Bitcoin is decentralized, we don't need any banks to send payments, all we need is internet connection and our personal bitcoin wallet.

The use of bitcoin worldwide will take some time for this to be accomplished. The world is now getting to know bitcoin and cryptocurrencies. It will take some years for the world to full recognize bitcoin as an alternative mode to send funds to another person. Paypal is widely used by a lot of people as compared to bitcoin. It will hardly be possible for bitcoin to bring an end to paypal.

I'm pretty sure you guys come from country where credit/debit/payment cards are widespread, accessible and in use since many, many years ago.
Well, I'm from country where in the 90s and 00s it was difficult to get a credit card, it was stuff reserved only for the wealthiest and (big) majority of shops didn't accept them.
When internet gained popularity most of the transactions were done by cash on delivery or bank transfers. And number 1 rule for e-shopping was to choose cash on delivery because it was safer than bank transfer: you wouldn't have to pay until the goods arrived. Of course it didn't prevent scams where you opened the package to find a brick or bunch of potatoes  instead of goods you ordered, but it was way safer than bank transfer - and I find bank transfer closest to bitcoin transaction.
Today when I opened youtube app I got a video of another scam in my feed and guess what: it involved bank transfer, this time electronic one as electronic bank transfers are most popular way of paying online today in my country. Electronic bank transfer is instantaneous and as direct as it can be: from bank to bank. It also means if you get scammed there is no one who can help you (except police, but they don't care).
So yeah, Paypal delays may be irritating, some of their practices are almost fraud (I wouldn't ever use Paypal for really big transaction), card fees may be big issue (in my country they are very high) but having 3rd party involved is also good thing when something goes wrong.
I still remember an anecdote from 2013 or 2014 where someone was trying to pay via Bitcoin online to some big online retailer/ service provider and there were some problems with the payment and when he contacted support they told him "we can't help you, you have to call Bitcoin and ask them for help" 

BTC is even now breakign the boundaries and taking over paypal. So many countries cannot use BTC and they have adopted the use of BTC in their transactions instead of Paypal. So I think in no time BTC will bring an end to Paypal.

Considering how both BTC and Paypal is I think so many people like using paypal more than BTC because of the nature of BTC. But I think in the near future since BTC is going to dominate the more it will end the use of Paypal and this will be confirmed in the countries which does not permit Paypal use.

Yes, why not, interesting idea, I would support it. Bitcoin is designed as a currency to use for online purchases, so a use case in all onlines stores can add a big value to everyday users. At least it can be an option to use it for online payments.

Bitcoin running on blockchain  is very fast, safe and there is no third party who will receive payment for being in between the sender and receiver unlike the other digital payment option where there is a third party who receive fees for providing services to both sender and receiver. If bitcoin as expected take over the payment transaction will really affect the  fortune of other payment options like paypal and others. They may update to a blockchain  to remain relevant.

The topic is "Will Bitcoin bring an end to Paypal?"