Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin bring an end to Paypal?
by
JohnBitCo
on 06/11/2018, 16:04:30 UTC
In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?

I still do paypal and I still want it to exist, because there are transactions online that are suited for paypal users, like you are going to transact to people you don't know and there are online stores that only caters to paypal users because paypal tos is suited to their needs.

I also use PayPal as it is very convenient to me. Certainly, I am ready to use Bitcoin as well but I do not think that BTC threatens the most popular payment system. PayPal will live for many years.

Paypal is good along with many other service providers like wester union etc. All of them has some disadvantages like more fee or not usable in certain countries. Bitcoin on the other hand has removed all these disadvantages of these service providers and come up with the perfect solution which eliminate the need of middle man to transfer the currency.