Will Bitcoin overcome Paypal? - page 3.

reynilynedago

full member

Activity: 392

Merit: 100

Quote from: Abiky on January 10, 2017, 06:55:01 AM

Do you think that sometime in the future, Bitcoin might overcome Paypal, as it scales in capacity and userbase over the years?

We already have the ability to create our own marketplace with OpenBazaar, that uses Bitcoin as its payment method, so it should be no surprise that the combination of these two may be a fierce competition for both eBay and Paypal.

Nevertheless, feel free to vote on the poll above and express your opinion about it, if desired. Grin

I think no,because in the first place paypal is an online payment manager which allows you to pay any item online.They are holding different kinds of currency which allows you to use it all over the world with legality which the bitcoin cannot give us from now.Bitcoin is a cryptocurrency that allows you to pay with anonymity but it is the actual currency that should be converted to your local currency and it is not legal in all countries so I think no.

jatin729

full member

Activity: 812

Merit: 108

No because paypal is a regulated platform where people can store their money in digital form.
And we have seen most of online shopping websites accept paypal account. but no one till now accept bitcoin as a payment option.

Quote from: TrevorSmith on March 31, 2018, 09:48:41 PM

I don't think so. People treat bitcoin more as an investment. Bitcoin should first become stable to have a chance of overcoming paypal

I totally agree with you point that people are using bitcoin as an investment option to earn profit from it.bitcoin decentralize in nature so it can't overcome PayPal.

TrevorSmith

newbie

Activity: 30

Merit: 0

I don't think so. People treat bitcoin more as an investment. Bitcoin should first become stable to have a chance of overcoming paypal

MoneyMotivatesMe

newbie

Activity: 96

Merit: 0

Paypal is established and trusted by hundreds of merchants but bitcoin can overcome it it fixes it's own issue like fee and tx time.

Sowik

sr. member

Activity: 532

Merit: 327

With high fees this aint happenin. I do believe that if cryptocurrencies get adopted we could surpass Paypal tho.

btcbabhh

full member

Activity: 307

Merit: 100

Its possible because bitcoin certainly has big potential to replace PayPal and it is a lot more better than paypal. However my assumption is that there are 2 things that are preventing this from happening.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: smaug88 on March 23, 2018, 08:39:22 PM

Maybe... but PayPal is a more well known mode of transaction than bitcoin, and PayPal is accepted on banks, some banks don't accept funds from people who's money came from cryptocurrency... let's just hope that bitcoin would beat PayPal someday

Sadly, that's the harsh reality of Bitcoin and other cryptocurrencies. Since they lack that level of "trust", centralized payment processors like PayPal still have the lead among businesses and corporations alike. But, someday, Bitcoin will reach the level of Visa and PayPal, once it becomes truly scalable. The moment that businesses, merchants, companies, and individuals see faster transactions and cheap payments, they'll quickly switch to decentralized cryptocurrencies due to the benefits that they'll provide over centralized solutions.

Perhaps, PayPal would still exist in the future alongside Bitcoin since it works with fiat currency unlike the latter. But, seeing that cryptocurrencies have increased in adoption and popularity recently, the possibilities of Bitcoin overcoming PayPal, becomes higher each day. Only time will tell what lies ahead for the future of these payment systems. The one that gathers the most number of users, would be the most likely to succeed in the future. Just my thoughts Grin

krigger

sr. member

Activity: 518

Merit: 250

Presale is live!

We really cannot be sure what will happen in regards to bitcoin versus paypal as paypal is still going strong and last I heard they were looking to integrate a blockchain technology into their systems which will help make their transactions faster and even more efficient. Bitcoin still has a long way to go and going up against a giant like paypal isn't something we are ready to do yet.

harbin55

sr. member

Activity: 615

Merit: 258

I'm not pretty sure if bitcoin can overcome paypal because as far as I know paypal is just like gcash. It just an application or site which can you use for your payment purposes.
So for me bitcoin has no connection in paypal because paypal is not a cryptocurrency.

thelolicon2

newbie

Activity: 87

Merit: 0

Paypal has it's own advantage by having the support of the US goverments but Bitcoin has the advantage about freedom, free to use by any users .
So i actually think users of Bitcoin are much more than users of Paypal for sure , so Bitcoin does have a chance to overcome Paypal.

MommyElsa

full member

Activity: 387

Merit: 100

Quote from: Vinz2017 on March 23, 2018, 08:28:20 PM

yes because of high popularity of bitcoin and its uses , bitcoin can be use without medium like banks and government which is decentralized unlike paypay which is contolled by banks and government that is centralized

I do believe that bitcoin will overcome paypal in terms of payment system via online payments. Bitcoin is very useful and very transferable, easy to access and manage.

BitcoinMarketer39

full member

Activity: 392

Merit: 100

ADABsSsSsSsSSSsS

Quote from: Abiky on January 10, 2017, 06:55:01 AM

Do you think that sometime in the future, Bitcoin might overcome Paypal, as it scales in capacity and userbase over the years?

We already have the ability to create our own marketplace with OpenBazaar, that uses Bitcoin as its payment method, so it should be no surprise that the combination of these two may be a fierce competition for both eBay and Paypal.

Nevertheless, feel free to vote on the poll above and express your opinion about it, if desired. Grin

I believe in the power of cryptocurrency that someday paypal will also implement a method where you can keep your coins to them in order to save more cryptocurrency, in this way the community of cryptocurrency will still grow.

ucok_aball

full member

Activity: 504

Merit: 107

👨‍👩‍👧‍&#

I think that bitcoin is the best thing in terms of money dealings and that's what I know because bitcoin can include aspects of the common currency while the regular currency or Paypal can not cover it then bitcoin can also become a commodity and it does not can be done by Paypal

xxxRaidysxxx

newbie

Activity: 98

Merit: 0

At the moment I think that PayPal still has advantage, than bitcoins, but nevertheless the last are at a stage of development and a progression therefore we can't tell in the future that the bitcoin can play in world economy. In this type of advance bitcoin it can surpass PayPal concerning functionality and flexibility

rockyboy

full member

Activity: 392

Merit: 100

Quote from: play1ife on March 25, 2018, 02:38:25 PM

For me yes, but in five or ten years.
It's a long run for bitcoin because it's not popular in many countries, because of governments policies.

It is possible that bitcoin will overcome paypal because bitcoin is more useful but not too popular and there are some negative implications about bitcoin. The government is one of the reason why bitcoin has a negative side to everyone who are not yet aware of the whole characteristics of bitcoin. If the government will allowed to use btc in all areas maybe btc will easily overcome paypal.

clarkey2013

full member

Activity: 310

Merit: 100

Yes, easily, I'm tired of paypal making me send money back just because I sold digital goods and the buyers decided to be rude and charge back even though they got the items, bitcoin dosen't have this issue and it also lets kids and teens use it, so that's why I feel that bitcoin will overcome paypal easily and fast.

play1ife

member

Activity: 100

Merit: 12

For me yes, but in five or ten years.
It's a long run for bitcoin because it's not popular in many countries, because of governments policies.

JessicaAshl

newbie

Activity: 49

Merit: 0

I have vote yes, and I am thinking that bitcoin has already proven it's worth to the world that it is worthy of their trust and if the collaboration of Bitcoin and Paypal would truly become a reality then I think it will stand still and might be a threat with ebay and some sites that are using paypal on their direct transaction, but i think some competitors are trying to manipulate the matter in stopping the progress of bitcoin.

rubyross

newbie

Activity: 21

Merit: 0

There's a great possibility that bitcoin can overcome paypal. We just need to advertise more bitcoin so that it can reach to a lot people.

Paycoinzzz

hero member

Activity: 994

Merit: 503

Quote from: doaremon on March 22, 2018, 03:03:10 PM

I personally think so. Day by day the price of bitcoin is getting down but that doesn't mean that it's fading. In past bitcoin had gone through this. So, instead of worrying just be patient. The price will go high undoubtedly. The investment in Bitcoin is growing day by day. The community of Bitcoin users are also increasing gradually. So I think so Bitcoin will overcome PayPal.

The value of Bitcoin does not help it become better than Paypal.
You have to remember, the value of an asset can not compare against a service for business like Paypal.
As you said, you just see Bitcoin as an asset for investment and with this value, Bitcoin never better than Paypal, this is just my thought.

Topic: Will Bitcoin overcome Paypal? - page 3. (Read 79548 times)