1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

PayPal To Start Accepting Bitcoin

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Sep 14, 2014.

  1. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 2, 2008
    Messages:
    788
    Likes Received:
    3,120
    Occupation:
    Chair moistener.
    Location:
    Cyberspace
    wonder how this will change things... :cow04:


    PayPal announced it would start accepting payments in Bitcoin via its subsidiary, Braintree. The company is cooperating with Bitcoin payment platform Coinbase, one of the largest Bitcoin companies, which already handles payments for such clients as Overstock and Reddit.

    The integration of the cryptocurrency means that the companies that already use Braintree for their payments will now be able to accept Bitcoin without making any changes to their configuration. Bitcoin experts are sure that this move could boost adoption of the cryptocurrency.

    Braintree already handles transactions by such companies as AirBnB, Uber and Dropbox. Coinbase explained that many developers want to add Bitcoin, but Braintree would handle all of their payments and they didn?t want to add another SDK, saying that they can accept it only if Braintree added it. Although the services that are willing to accept Bitcoin payments will still need to set up a Coinbase wallet, they also can instantly convert every Bitcoin payment back into fiat currency.

    It should be noted that Braintree?s decision to support Bitcoin came after the announcement of Bitcoin adoption by its competitor, Stripe, a few months ago. Stripe?s Bitcoin facility is currently operating in beta mode, with the company handling the payments itself, without partnering with a third-party. Indeed, Bitcoin fits in nicely with Stripe?s product plan. The company itself admitted that credit cards were a good first thing to roll out due to their widespread penetration, but in fact Stripe doesn?t bill itself as a credit card processing company, but rather a payments company.

    Talking about PayPal, the service is keeping Bitcoin at an arm?s length. The company emphasized that the integration with Braintree will not affect customers or merchants with PayPal accounts. Although Braintree has little public profile from the consumer side, this move opens the door for the service to integrate Bitcoin into its main wallet functionality
     
    • Thanks Thanks x 1
  2. john1444

    john1444 Elite Member

    Joined:
    Mar 27, 2012
    Messages:
    2,559
    Likes Received:
    755
    Gender:
    Male
    Occupation:
    Marketer
    Location:
    Miami, FL
    Home Page:
    There is nothing impossible.

    Things we never though is feasible now happens seamlessly, e.g PayPal withdrawal to U.S bank account and Payoneer card.
     
  3. chrlie

    chrlie BANNED BANNED

    Joined:
    Aug 12, 2012
    Messages:
    253
    Likes Received:
    32
    Expect much more backbone stability and support for BTC now. Guess we're in for the long run.
     
  4. Magic5

    Magic5 BANNED BANNED

    Joined:
    Aug 30, 2014
    Messages:
    376
    Likes Received:
    83
    Bitcoin prices are going to surge now i really wish i had bought a ton of them before this oh well.
     
  5. DanTe_0101

    DanTe_0101 Senior Member

    Joined:
    Mar 2, 2012
    Messages:
    863
    Likes Received:
    706
    Location:
    Fucksville
    What about privacy of the transactions?
    and all these extra gaypal fees?

    These fuckers are just being middlemen to get their cut...
     
  6. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 2, 2008
    Messages:
    788
    Likes Received:
    3,120
    Occupation:
    Chair moistener.
    Location:
    Cyberspace
    $35. = $1 million - that ship sailed. so instead look around for the next opportunity. otherwise you will be repeating this in the years ahead.
     
    • Thanks Thanks x 1