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Paypal integrating Bitcoin

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So soon Bitcoin will be able to be accepted via paypal. Although from comments it is difficult to tell whether you have to sign up to braintree first. Not sure... Is this a good thing or a bad thing with bitcoin being added to the paypal monopoly? Will this put other payment processors out of business?

 

Source: https://www.cryptocoinsnews.com/breaking-paypal-merchants-can-now-accept-bitcoin/

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nobody will use it because of the +/- 3% fee only at Paypal side , but is good for digital currencies because customers will start the adoption and after a while (1-2 years) they will understand what about the digital currency is finally. And that will lead to not using such greedy payment processor and leaving the FIAT world. This is evolution and we have to be ready in every moment don't loose faith, hope to survive the evolution. Also big telco operator ORANGE is starting huge startup program for 500 companies having knowledge in digital currencies.

 

So hold on tied, the ride will start soon !

 

Buggie

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nobody will use it because of the +/- 3% fee only at Paypal side , but is good for digital currencies because customers will start the adoption and after a while (1-2 years) they will understand what about the digital currency is finally. And that will lead to not using such greedy payment processor and leaving the FIAT world. This is evolution and we have to be ready in every moment don't loose faith, hope to survive the evolution. Also big telco operator ORANGE is starting huge startup program for 500 companies having knowledge in digital currencies.

 

So hold on tied, the ride will start soon !

 

Buggie

I agree because the fees are super high and for what reason? Imagine how much money goes through them already, the bitcoin fees should be in fact less like that airline company did after complaints of a $10 'handling fee'.

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Not to mention Paypal sucks for sellers.  I'm sure they'll find a way to make things painful for sellers like holding your coins for a certain amount of time in case a buyer makes a complaint so they can refund them, etc...

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Not to mention Paypal sucks for sellers.  I'm sure they'll find a way to make things painful for sellers like holding your coins for a certain amount of time in case a buyer makes a complaint so they can refund them, etc...

I should imagine that it becomes really complex for paypal in such scenarios.

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