Wow, Paypal is #Bitcoin now! | Bitcointalksearch.org

mcgeal

newbie

Activity: 49

Merit: 0

Quote from: ChuckBuck on September 16, 2014, 02:37:17 PM

I know, old PayPal news from last week, but none the less cool seeing something I would never thought would occur a year or 2 ago:

https://i.imgur.com/PNAW1pC.png

Hey it's a start of something bigger, and hopefully users are intrigued enough to give it a shot instead of just tying it to their bank and credit cards like they normally do.

News from last week:

http://techcrunch.com/2014/09/08/paypal-braintree/

This is pretty good news since I am a PayPal user also... Grin

freedomno1

legendary

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Learning the troll avoidance button :)

Take a week off and your telling me paypal was taking bitcoin to the next level
I heard rumors but nice to see more data on it

btcrich

sr. member

Activity: 302

Merit: 250

Quote from: kingscrown on September 16, 2014, 07:46:30 PM

there is a way for PP to do this properly and help BTC but i doubt they will do that.

it would be something like:
1. everybody who wants to buy/sell BTC has sign some agreement and put 2FA as obligatory
2. when buying they add their wallet + amount
3. paypayl 'escrows money' till it sees this on blockchain

so there would be 100% no refund on those deals

Probably something like this. Also, I imagine both the buyer and the seller would have to have verified Paypal accounts, so no anonymity.

In any case, if the process of purchasing Bitcoin via Paypal is made simple, it will knock down some barriers to entry for millions of people.

kingscrown

hero member

Activity: 672

Merit: 500

http://fuk.io - check it out!

there is a way for PP to do this properly and help BTC but i doubt they will do that.

it would be something like:
1. everybody who wants to buy/sell BTC has sign some agreement and put 2FA as obligatory
2. when buying they add their wallet + amount
3. paypayl 'escrows money' till it sees this on blockchain

so there would be 100% no refund on those deals

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: hilariousandco on September 16, 2014, 05:29:05 PM

So have they actually stated how exactly they'll be integrating it? I haven't seen any details at all and the mentions it gets from them are always small and vague. Being able to spend bitcoins anywhere that accepts PP would be huge though and exactly what we need.

The hoops necessary for a business to jump through in order to accept bitcoin are already very small. Not only that but setting up an account with coinbase or bitpay would save a merchant a lot over what paypal charges. The merchant could use the fact that paypal accepts bitcoin as an excuse not to accept bitcoin directly or indirectly via coinbase/bitpay. This would cause users of bitcoin to not realize the cost savings associated with bitcoin.

From what I have read "braintree is going to accept bitcoin" and AFAIK there are no additional details above this availabe.

kingscrown

hero member

Activity: 672

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http://fuk.io - check it out!

is there any ETA?

deepceleron

legendary

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Looks more like they put the #bitcoin hashtag there to interject their marketing material into that feed.

Sell bitcoins using #paypal if you like receiving unsecured, reversible, and fraudulent payments.

dKingston

hero member

Activity: 482

Merit: 500

LAUNDER BITCOIN: https://BitLaunder.com

I'm not a HATER of paypal but I don't like them! It's a nice news, bitcoin is becoming important!

Velkro

legendary

Activity: 2296

Merit: 1014

Paypal sucks, they blocked my friend account after 7 years usage without real reason (7 years of same usage)

AltcoinInvestor

sr. member

Activity: 294

Merit: 250

paypal's bitcoin integration?

well as a paypal user since 2006 I'm not gonna use paypal's bitcoin services.

paypal is for lunatics...

addroup

member

Activity: 69

Merit: 10

So the video posted on youtube by paypal said really "bitcoins", I was thinking not for a while.

keithers

legendary

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This is the land of wolves now & you're not a wolf

The new commercial that says "can send bitcoin with a tap" is the first thing you now see when you go to paypal.com

I think it is coming soon

hilariousandco

global moderator

Activity: 4018

Merit: 2728

Join the world-leading crypto sportsbook NOW!

So have they actually stated how exactly they'll be integrating it? I haven't seen any details at all and the mentions it gets from them are always small and vague. Being able to spend bitcoins anywhere that accepts PP would be huge though and exactly what we need.

Skrillex

member

Activity: 84

Merit: 10

yeah i saw this, also cnn is in

truehold3r

member

Activity: 70

Merit: 10

That's huge, let's see if the value will be affected by it...

gogxmagog

legendary

Activity: 1456

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Ad maiora!

paypal has been speaking not unkindly of bitcoin for a long time. They know thier payment systems and btc is a no brainer.

it is happening faster than i thought though. I wish my btc tx confirmations happened that fast lol.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

I know, old PayPal news from last week, but none the less cool seeing something I would never thought would occur a year or 2 ago:

Hey it's a start of something bigger, and hopefully users are intrigued enough to give it a shot instead of just tying it to their bank and credit cards like they normally do.

News from last week:

http://techcrunch.com/2014/09/08/paypal-braintree/

Topic: Wow, Paypal is #Bitcoin now! (Read 1923 times)