Topic: Will Bitcoin overcome Paypal? (Read 79548 times)

There is nothing to make a comparison between bitcoin and PayPal. Both differ in it legalities and the method of using. Co-founder of PayPal indicated that PayPal is payment support that made an change in the payment system. Bitcoin as a payment gateway has also grown to get used as a currency. This clearly shows the potential of bitcoin.

I hope Bitcoin overcomes Paypal. Paypal has screwed over just about everyone I've known.

Bitcoin can overcome paypal only if all online sites starts accepting bitcoin as a mode of  payment or else people will never come to know that they can pay even with bitcoins as paypal is more popular then bitcoin at a moment.

Bitcoin is not competing with PayPal or Visa its competing with the US dollar. So in a sense the relationship between Bitcoin and Paypal is like the Trojan horse and Troy. If we get bitcoin inside PayPal, then that will be a big blow to the US dollar. For the number of users, maybe yes. But for the entire thing, it won't be. Because Bitcoin and PayPal is a different thing, you can't just compare it because both of them are used on the internet. PayPal is an online payment system that using government's currency, but Bitcoin is the currency itself. So maybe many people will use Bitcoin, but PayPal won't die because people still need it somehow.
 

I don't think so, as far as I can see it they can be on the similar scale which means equal in popularity. Because I don't know why people are still getting to the point of matching Bitcoin and Paypal. It always comes down to the matter of preferences of the user. If the user thinks this one is more convenient than the latter then he will be using it.

I belived bitcoin is most reliable than Paypal. It has overcome Paypal because bitcoin is become popular and most uses by anyone.Bitcoin is being uses over the world, easy to access who knows of it and it has a good advantage than paypal. Though it has a difference but I believe its really way better than Paypal...

My opinion is opposite, bitcoin cannot overcome paypal. The reason is simple if paypal sees that bitcoin is the demand in the market then they will integrate bitcoin payments into their system thus they will not be overcome but becoming one with bitcoin. Soon including skrill will be forced to integrate bitcoin into their system.

Well, in my opinion. There is a big possibility that bitcoin will overcome Paypal! actually not just Paypal, even skrill and many more. as of now, I think they are seeing bitcoin as a threat in their industry! for me, that is also one of the reasons why Paypal does not accept bitcoin as a mode of payment in their site. I think bitcoin is the best among them!

I think that this is possible but right now we are maybe not super close to that but I think in the future there is no doubt that it can do this.

I have voted "Yes" on the options because i could really see the potential of bitcoin regarding on online payments and if people would find out bitcoin benefits related to this transactions then they would surely change their mind but for now people still use paypal and ebay because these are the things are being used since from the start thats why they would hardly switch easily to bitcoin and also everybody still didnt know about it.

Bitcoin is getting stronger but i am not sure it's good idea to compare cryptocurrency and payment system. If we talking about amount of people who using btc or paypal , paypal is  too strong .

not necessarily bitcoin, but some payment system on smart contracts may well push. nothing is eternal under the moon

In a future, maybe it will, yes, as long online shops keeps supporting Bitcoin by accepting transactions with it

until they fix all the slow transactions then why not 

It really depends on the people or business which is much suitable for them to use. In business like online stores they will prefer the use of Paypal than Bitcoin since it takes a while to process the transactions especially now that the blockchain is congested but soon it will be fixed surely. Also, some people prefer using Bitcoin as a payment to the services they offered rather than Paypal.

Paypal is already a mainstream payment processor and is widely used by many people from different country. But but, all bitcoin users know that bitcoin really been defeated paypal although bitcoin has not been recognized by the government.

I do not think so. paypal and bitcoin are in legally and in the market.paypal is owned by the government while bitcoin does not belong to anyone, the company owned by someone must be clear his finances like paying tax

Exactly. Bitcoin could replace PayPal in a few years from now, if it manages to improve in terms of transactions costs and capacity. Considering, that it serves as a means to transfer payments to anyone in the world without middleman, it has a huge potential of becoming a competitor against PayPal in the future. While I believe that PayPal would still exist by then, Bitcoin would've gathered a large mass of users due to its underlying benefits (when compared against centralized payment systems like PayPal, Visa, and MasterCard).

Therefore, it's only a matter of time before the Lightning Network becomes widely used on the Bitcoin network. Once that happens, most merchants and businesses would make the switch towards the pioneer cryptocurrency as it provides freedom unlike PayPal. However, Bitcoin still lacks regulation, and the inability to revert transactions, will leave PayPal as the ideal option when transacting with large amounts of money.

Despite this, we never know what will happen with both Bitcoin and PayPal, but one thing for sure is that Bitcoin is growing every day in terms of development and user adoption. With this in mind, it could rise in traction in a faster way than PayPal ever did since its inception, or it could fail leaving PayPal as the ideal option for businesses, merchants, and corporations alike. Just my thoughts.

Isn't bitcoin banned in some countries too. I  vote yes though. I think bitcoin can overcome PayPal only if there are major companies that accept bitcoin for their goods and services.

Paypal s prohibited in most countries including mine whiles Bitcoins is a an international currency used almost everywhere in the country. Because of this alone, i think Bitcoin has the edge in that regards and Paypal is a payment system rather than a currency as compared to Bitcoin.