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PayPal hints at Bitcoin integration

Discussion in 'CryptoCurrency' started by Patel, Sep 8, 2014.

  1. Patel

    Patel Senior Member

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    [video=youtube_share;pF7HxLCFMeY]http://youtu.be/pF7HxLCFMeY?t=8s[/video]

    The whole video seemed dedicated to Bitcoin. Watch from 8 seconds.


    "We can spend Bitcoin with a tap."
    "We have magical money. Not bound by bank or bill. It's instant, simple, and secure enough to get out on the way. Consider yourself invited to the people economy."

    Last year, the owner of PayPal said he owns Bitcoin and likes it. PayPal has been experimenting with Bitcoin lately, and rumors are they are working with Coinbase.
     
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  2. strangeris

    strangeris Registered Member

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    Such an interesting video. Half a year ago I was trying to buy bitcoins by paypal but it was too hard. I of course understand the risk involved, it's too easy to win the chargeback nowdays.
     
  3. ozzke

    ozzke Regular Member

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    They also hint at branding it, don't know if that's positive though.
     
  4. bitgrimmy

    bitgrimmy BANNED BANNED

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    If that's the news, there will be a really huge market for bitcoins considering with now a days market.

    The rate will be really high when the paypal started accepting bitcoin.
     
  5. Patel

    Patel Senior Member

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    The big news is that Braintree (one of PayPal's branches) is now accepting Bitcoin for merchants on the Braintree platform.
     
  6. justiade4u

    justiade4u Newbie

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    WHAT A GOODLY STEP. All other processors wud soon follow suit.
     
  7. pana1

    pana1 Junior Member

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    Wow, I am surprised! Definitely wouldn't of thought PayPal would be so accepting based on their history.
     
  8. Liza9

    Liza9 Newbie

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    No doubt this will definitely increase the Bitcoin price . As we all use Paypal so they will bring something which can protect the flase chargeback issues.
     
  9. xeroxias

    xeroxias Junior Member

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    meh! i personally dont like Bitcoin!
     
  10. tmedocianis

    tmedocianis Registered Member

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    I agree. Paypal, the company that seems to want everything including a DNA sample involved with Bitcoin, I don't believe it. How are they going to verify you pee sample with something that's suppose to be anonymous? I left Paypal years ago and haven't been back. They're just plain too nosey.
     
  11. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    I also think that it will increase the price of BTC. But, I haven't found anything like this. Today's rate is 1BTC=$464 which is less than yesterday.
     
  12. SocialMediaManager

    SocialMediaManager Elite Member

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    Paypal Integration is bad news for Bitcoin
     
  13. divok

    divok Senior Member

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    won't be successful . most bitcoin transactions are for shady/anon purposes. With paypal I don't think it will be possible.
     
  14. lishan09

    lishan09 Registered Member

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    Maybe it is time to buy some BTC :D
     
  15. pxoxrxn

    pxoxrxn Supreme Member

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    That's not true at all. BitCoin has legitimate uses, for example, I can send BitCoin to my sister in the UK and instead of using PayPal hardware to process the transaction, it uses the miners hardware, therefore making the transaction fee cheaper.

    Distributing the server load of transaction processing and verification across several users that aren't using their computer at the time makes complete sense. PayPal would be stupid not to jump on to BitCoin. We all saw what happen to Kodak.
     
  16. Neocortx

    Neocortx Regular Member

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    O___O

    I have goosebumps now. PLEASE paypal, accept bitcoin! Will be one of the greatest days for me :D

    I hate to use virwox... lol.

    warm regards,
    neocortx
     
  17. Aluminium

    Aluminium Jr. VIP Jr. VIP Premium Member

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    The more money available to sellers.. the better ;)

    I wouldn't mind taking a few payments in BitCoin through PayPal myself, what about you guys?
     
  18. AdMissile

    AdMissile Newbie Premium Member

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    Honestly felt brainwashed by watching that video. Great new for BTC once there is paypal integration.
     
  19. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    My fear is they will incorporate some kind of transaction fee. Paypal isn't going to do something if they can't make money off it. CoinBase fees are super low considering the benefits. My other fear would be PayPal's compliance with big brother... Would possibly give the government an open door to your BTC wallet and blockchain transactions. I don't believe "most" transactions are for shady purposes, not anymore at least. Most transactions are actually trades made by robots or day traders on platforms like BTC-E. Sure, the road gets a good bit of activity, but I wouldn't personally call transactions at the road "shady" ... I'd just call it preference, which IMHO we should be entitled to. I don't see what the big deal is, just so long as they aren't harming anyone or anyones property, if they want to smoke some dope, let em.:pirate:
     
    Last edited: Sep 20, 2014
  20. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    hahaha glad I wasn't the only one... I was wondering if there was some hidden subliminal messages in there with how fast they had it going. Different, that's for sure.