Quote from: Silberman on March 30, 2017, 02:03:34 AM

Quote from: Abiky on March 29, 2017, 02:32:08 AM

Quote from: Silberman on March 28, 2017, 02:06:59 AM

While there are differences at the same time bitcoin and paypal strive to provide a service that is similar, the ability to transfer your funds form one side of the world to the other as effectively as possible.

True. Both provide the ability to transfer your funds at any point in the world. While I think Bitcoin and PayPal will co-exist, Bitcoin could become more accessible for the unbanked, as it requires no identity verification or credit card access. Being a decentralized cryptocurrency it has no single point of failure, while PayPal can shutdown at any point in time.

Still, PayPal has a few advantages over it, as well as a great acceptance from known merchants and businesses. You can also, request your money back, unlike Bitcoin which its transactions are irreversible.

In the end, I think that PayPal might adopt Bitcoin and create a bridge between it so users can quickly exchange fiat to BTC or vice versa. It would become handy for merchants who only accept PayPal, to give the convenience of using Bitcoin. Just sharing my thoughts.

I would like that too, but paypal seems adamant in their reluctance to accept bitcoin maybe they know deep down that if they accept bitcoin then bitcoin could end up growing a lot and stealing a part of their business.

Or maybe they can never take bitcoin because it exists to protect the seller and PayPal exists to protect the buyer. If PayPal used bitcoin how could they protect the buyer and reverse transactions? Bitcoin can't be reversed.