Will Bitcoin bring an end to Paypal? - page 19.

Tatsuyashiba

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

In the spirit of mass adoptions 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 think for now paypal itself is still something that is hype among internet users to make purchases and sales, because paypal itself uses exchange rates like real-world currencies, unlike btc where we only have btc values without any link between the rates of each country , maybe related but the impact is only a little, so in my opinion for btc can replace paypal is still quite a long time, because the paypal brand itself has been created in the minds of the wider community

dablatair

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Hello,

Don't think it will happen because Paypal is a well known established company and give services to lots of people.

But they also need to adapt them and think they will need to propose also BTC like fiat as payments.

voanquan

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In my opinion, using Paypal is more complicated than using Bitcoin. Money from Paypal will usually go to the bank within 2-4 business days (excluding holidays, Saturdays, and Sundays), which may be longer. So I see Bitcoin as the fastest and most reliable payment gateway.

$crypto$

legendary

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Smart is not enough, there must be skills

I feel Bitcoin must be set up to compare standards with PayPal because PayPal already has their own market and has a group of people who use it. PayPal has been on the market for a number of years and is safer than Bitcoin for now, so it's passed in most countries compared to Bitcoin.

131tc01n

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yes, I think like that, where paypal fraud cases are greater than bitcoin and other crypto. Paypal is vulnerable to being attacked by fraudsters or carders, its security is still weak and the system sometimes irritates people

pozmu

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Quote from: Pursuer on September 30, 2018, 11:45:25 PM

for example one of the problems people are facing is to dump their money for bitcoin. many have money in their Paypal account and would love to use it. Paypal can offer a service for a fee so that people can do it on their platform.
in short they may even become bigger with bitcoin!

Well there is one thing that can happen - Paypal may start accepting BTC just like they accept many different fiat currencies.
As for buying bitcoins via Paypal I'm not sure if you can do a currency exchange in Paypal? Or are there any currency exchanges that accept paypal? Because if answer to either of these questions is yes then it would make buying BTC possible with paypal funds. But I don't think that could become one of Paypal's more important services.

iamzill

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bitcoin will not end paypal, because as far as I know paypal can be used as a partner of bitcoin to become one of the transaction media. so I think paypal will not be easily shifted or terminated by bitcoin.

SandDunes

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Quote from: surfer43 on September 30, 2018, 11:42:52 PM

PayPal is a online wallet used to store some funds and to use them to pay for the commodity.
PayPayl only allows us to store the centralised Fiat currencies so i don't really think that they can make an end to bitcoins as they don't matter them a lot.

Quote from: cabron on September 30, 2018, 11:26:46 AM

Its true. I use to be a heavy paypal user, I tried creating an online shop back 2010 and sells Tshirts accepting money thru paypal. May deals and advertising with my paypal account but stop after getting scammed and to avoid getting scammed again. I turned to BTC. I still have my paypal with some few funds on it but rarely use it. Never used it for years. Maybe one day If they partnered with BTC.

pjwaffle

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BIB Exchange

I dont think so. each part has own features and I think the best way is that they will associate together to give the best products for the market. So, we - users can get the best benefit.

ChibaReiko

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in my country they all use paypal instead of bitcoin bro. so i think this time bitcoin is not safe

jademaxsuy

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That won't happen because paypal is another thing and should not compare with bitcoin. As we all know that bitcoin is a digital currency where we can store it in a digital wallet unlike paypal system which is barely a payment system and they are not holding any amount of money we had instead they are only transferring money for payments.

mmo_online_1981

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Probably not, Paypal has its own strengths and its own usage environment! When the payment is guaranteed, paypal is still the top choice!

Okrah

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

In the spirit of mass adoptions 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?

Both paypal have their own ways and advantages. Paypal can also give the people good services online just like bitcoin. So it may not die if there are people who will still use it.

Ava Duvall

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Quote from: Bugatti73 on September 30, 2018, 03:27:03 PM

I think both assets will be valuable in the future. For each system there are its users.

Yes, they are both quite different and paypal is more used and known, so saying that bitcoin will change or replace paypal is not really fair. I think bitcoin can be integrated but no more than that.

SandDunes

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Quote from: Sinone on September 30, 2018, 06:55:18 PM

No, bitcoin will not. Paypal is the market, world-leading Online Money. But Bitcoin is not a worldwide money

If the sellers are honest there is no need for paypal chargebacks. Pay with debit cards or credit card. Paypal is earning money from fear.

Pursuer

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Where is my ring of blades...

it is impossible for Payapal to die simply because it is just an online service that can change and adapt to the new changes in the world because of the competition. for example nothing is stopping Paypal to become a custodian service like Coinbase for example and work with bitcoin to even increase their revenue thanks to bitcoin and its eventual mass adoption.

for example one of the problems people are facing is to dump their money for bitcoin. many have money in their Paypal account and would love to use it. Paypal can offer a service for a fee so that people can do it on their platform.
in short they may even become bigger with bitcoin!

Sinone

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No, bitcoin will not. Paypal is the market, world-leading Online Money. But Bitcoin is not a worldwide money

surfer43

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"Trading Platform of The Future!"

PayPal is a online wallet used to store some funds and to use them to pay for the commodity.
PayPayl only allows us to store the centralised Fiat currencies so i don't really think that they can make an end to bitcoins as they don't matter them a lot.

TopT3ns

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#SWGT CERTIK Audited

Both bitcoin and Paypal have their own advantage for people. That is bitcoin have and paypal don't, and opposite for it, Paypal have what bitcoin can't do. For example, reversible transaction. So i think it is better if both of it stay like that and nothing want to more than other.

iamMhew

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

In the spirit of mass adoptions 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 sure, because theres a lot of advantage in paypal like security protoco, KYC and legalization to use worldwide, unlike in bitcoin, although bitcoin is more secure in terms of security and more faster to transfer money than paypal but bitcoin is not totally legal (adopted) yet in most of the country worldwide, meaning the lifespan of paypal if more than you expected.

Topic: Will Bitcoin bring an end to Paypal? - page 19. (Read 3100 times)