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Paypal Exec Says Very High Likelihood Bitcoin Will Become Popular Payment Method

Paypal Exec Says Very High Likelihood Bitcoin Will Become Popular Payment Method

PayPal Exec Says Very High Likelihood Bitcoin Will Become Popular Payment Method PayPals chief financial officer, John Rainey, said that there is a high likelihood for BTC to become a popular payment option during an interview with WSJ. PayPal s chief financial officer, John Rainey, spoke positively of Bitcoin s (BTC) use as a future popular option for payments during an interview with The Wall Street Journal (WSJ) published Monday, Feb. 19. In a section of the interview entitled, he crypto factor, Rainey said that PayPal was one of the first companies to accept Bitcoin on their Braintree platform back in 2015. However, Rainey adds: Given the volatility of bitcoin right now, its not a reliable currency for transactions because if youre a merchant and you have a 10% profit margin, and you accept bitcoin, and the very next day bitcoin drops 15%, you are now underwater on that transaction. In response to the question if cryptocurrencies will ever be popular as a payments, Rainey tells WSJ that there is a very high likelihood of that happening: The technology, there is real merit to it. I do think, though, it will be years down the road before we see the kind of ubiquity and acceptance that make it a form of currency that is used every day. PayPal co-founder Max Levchin said in December of last year that while he thinks Blockchain technology is revolutionary, he hasnt figure[d] out his views on Bitcoins future yet. Coinbase , a cryptocurrency wallet and exchange platform, added former PayPal executive David Marcus to its board of directors last December. Continue reading >>

Breaking: Paypal Merchants Can Now Accept Bitcoin

Breaking: Paypal Merchants Can Now Accept Bitcoin

BREAKING: PayPal Merchants Can Now Accept Bitcoin Join our community of 10 000 traders on Hacked.com for just $39 per month. In a long SEC filing from today, PayPalstates that its merchants can now begin accepting Bitcoin. As the original text to the filing reads: A merchant can typically open a standard PayPal account and begin accepting payments through PayPal within a few minutes. Most online or mobile merchants can onboard quickly and are not required to invest in new or specialized hardware. Our Payments Platform supports growth with a variety of value-added services designed to help businesses of all sizes manage their cash flow, invoice clients, pay bills, and reduce the need for merchants to receive and store sensitive customer financial information. For our standard service, we do not charge merchants setup or recurring fees. A merchant can also integrate with Braintree to begin accepting payments with credit or debit cards, PayPal, Venmo, digital currencies such as Bitcoin, or other payment solutions with a single integration. In September 2014, PayPal announced it would accept Bitcoin via integration with Braintree, and the same month announced partnerships with Coinbase, BitPay and GoCoin. Via the PayPal Payments Hub merchants could use customizable APIs to integrate Bitcoin into their shops for digital goods. At the time, it released a video hinting at Bitcoin integration. eBay CEO John Donahoe said in 2014 that Bitcoin would play an important role in eBays plans before the two companies agreed to a split due to a changing digital payments landscape. PayPal is playing the role of the intermediary, but the cost will be left up to the merchant and the payment processor, said Scott Ellison, PayPals senior director of competitive intelligence and corporate str Continue reading >>

Who Accepts Bitcoins?

Who Accepts Bitcoins?

Microsoft Users can buy content with Bitcoin on Xbox and Windows store Reddit You can buy premium features there with bitcoins Virgin Galactic Richard Branson company that includes Virgin Mobile and Virgin Airline CheapAir.com Travel booking site for airline tickets, car rentals, hotels Expedia.com Online travel booking agency Newegg.com Onlineelectronics retailer now uses bitpay to accept bitcoin as payment Wikipedia The Free Encyclopedia with 4 570 000+ article The Internet Archive web documatation company Bitcoin.Travel a travel site that providesaccommodation, apartments, attractions, bars, and beauty salons around the world Pembury Tavern A pub in London, England Old Fitzroy A pub inSydney, Australia Mega.co.nz The new venture started by the former owner ofMegaUpload Kim Dotcom Lumfile Free cloud base file server pay for premium services PizzaForCoins.com Dominos Pizza signed up pay for their pizza with bitcons Whole Foods Organic food store (by purchasing gift card fromGyft) Bitcoincoffee.com Buy your favorite coffee online Grass Hill Alpacas A local farm inHaydenville, MA Jeffersons Store A street wear clothing store in Bergenfield, N.J Helens Pizza Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register A Class Limousine Pick you up and drop you off at Newark (N.J.) Airport Seoclerks.com Get SEO work done on your site cheap Mint.com Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more Fancy.com Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy ) BigFishGames.com Games for PC, Mac and Smartphones (iPhone, Android, Windows) Suntimes.com Chicago based online newspaper San Jose Earthquakes San Jose California Continue reading >>

Split From Paypal Will Enable Ebay To Begin Accepting Bitcoin, Cryptocurrencies

Split From Paypal Will Enable Ebay To Begin Accepting Bitcoin, Cryptocurrencies

( ANTIMEDIA ) Internet giant eBay made headlines this week over its decision to drop Paypal as a payment processor on its site. While this was news in itself as Paypals stock price took a dive, perhaps more interesting are the potential options that come with eBays new processor, a Dutch company called Adyen. Adyen, which processed roughly $25 billion worth of payments in 2014 and $50 billion the follower year, is unique because it has partnered with BitPay since the end of 2015. Bitpay is a popular payment platform that allows consumers and businesses to conduct transactions with bitcoin and cryptocurrencies. Announcing the partnership at the time, Bitpay noted their union would allowsome of the biggest companies in the world the ability to begin accepting bitcoin payments. Boasting that Adyen works withover 180 currencies and over 250 payment methods to process their payments,Bitpay added thatAdyens merchants can now easily accept bitcoin as a payment method from their e-commerce stores. Now that Adyen is partnering with eBay, its possible the e-commerce giant will be able to accept bitcoin for payments. AsFortune pointed out ,buyers will have a wider choice of options on the new, more open eBay payments platform (bitcoin, anyone?). If thats the case, there will likely be a variety of crypto payment options considering BitPay started working with other coins at the end of last year. Still,Fortunenotes that eBayis still somewhat restricted in what it can offer in the financial realm under its original agreement with PayPal but that deal expires in June, 2020.Regardless, the developing relationship between Adyen and eBay will be one to watch in the coming years. In a 2015 buying guide, eBay published a list of merchants that accept crypto, either directly or through th Continue reading >>

Paypal Vendors Can Now Accept Bitcoin

Paypal Vendors Can Now Accept Bitcoin

PayPal, the payments giant once ambivalent about bitcoin, is finally warming to the virtual currency. Earlier this month, the company said its subsidiary Braintree was integrating the cryptocurrency into its developer tools. Following on that news, PayPal announced Tuesday that its merchants can begin accepting bitcoin. The San Jose company has signed deals with BitPay, Coinbase, and GoCoin to process bitcoin payments. PayPal said it chose to partner with these companies for their commitment to security and anti-money laundering procedures, but these agreements dont mean it is fully embracing the digital currency yet. PayPal will not be processing bitcoin payments or adding it as a currency to its digital wallet. PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers, senior director of corporate strategy Scott Ellison said in a blog post. Our approach to Bitcoin is no different. Thats why were proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop. The PayPal news is certainly validation for the virtual currency, which has been bogged down by its reputation as a way to launder money and purchase illegal drugs. According to Coindesks Bitcoin Price Index, the value of the currency on Thursday shot up from under $400 to $426. AT Continue reading >>

#1 Way To Buy Bitcoin With Paypal Instantly (2017 Guide)

#1 Way To Buy Bitcoin With Paypal Instantly (2017 Guide)

Buying bitcoins with PayPal is hard and confusing. Luckily, today we'll show you how easy and fast it can be. We've put together the complete guide on how to convert PayPal to bitcoin. VirWoX is the easiest and most popular way to buy bitcoins with PayPal. VirWoX is the workaround/hack discussed in this guide. It's not super simple, but yes it really works and is the best way to buy bitcoin with PayPal today. We suggest using the exchanges listed below or doing research before buying from any exchange. Many exchanges are simply trying to steal your passwords and personal information! We do research on every exchange we list and are very careful not to include scam exchanges on our site. Note: You may need to wait a couple days after opening a VirWoX account before you can deposit money. After your first deposit, future deposits can be made instantly. Your initial buying limit is $90 per day or $270 per month, although these limits grow quickly with time! You'll need a Bitcoin wallet to withdraw your coins to after you buy. Read our guide on the best Bitcoin wallets. The 10% fees are crazy high for buying bitcoins with PayPal. Were you buying with a PayPal account connected to your credit or debit card? The fees are much lower and you'll get your bitcoins faster. Still want to buy BTC with PayPal? Keep reading and we'll show you how! Tutorial: Buying Bitcoin with PayPal on VirWoX Here are step-by-step instructions to help make buying BTC with PayPal easier: From the home page, click on Not registered yet? Now youll enter your details in order to create an account. Dont get confused by the section titled Link to avatar. You can leave this untouched. At this point, your account has been created. A temporary password will be emailed to the address you provided in step two. Continue reading >>

5 Brand-name Businesses That Currently Accept Bitcoin

5 Brand-name Businesses That Currently Accept Bitcoin

5 Brand-Name Businesses That Currently Accept Bitcoin There's a really good chance you're a customer of at least one of these companies. Have you heard about the next big thing in investing? No, it's not legal marijuana, albeit pot stocks have been nothing short of unstoppable over the past year. It's actually digital currency bitcoin, which has risen by nearly 900% over the trailing-two-year period. What once cost a consumer or investor around $255 per bitcoin will now set you back around $2,500. Why have digital cryptocurrencies like bitcoin been such a hot commodity of late? It appears to be a confluence of catalysts that have accelerated momentum behind bitcoin, Ethereum, and other digital currencies. Why bitcoin has risen nearly 900% in two years Bitcoin and other cryptocurrencies are relishing in newfound media coverage. Between the sheer outperformance of these digital currencies compared to the broader stock market, to recent ransomware attacks (e.g., WannaCry) where the perpetrators demand payment in bitcoin in order to "unlock" a computer, bitcoin is in the spotlight. The more media coverage it receives, the more interest there will likely be in this burgeoning payment and investment platform. Weakness in the world's most prominent currency, the U.S. dollar, may be helping as well. President Trump has, on numerous occasions, proclaimed the U.S. dollar to be too strong. A weaker dollar can help promote the export of American goods, but U.S. consumers aren't typically huge fans of seeing their currency weakened. Some investors have used the dollar's weakness as an opportunity to invest in bitcoin, which is a "finite" resource since the maximum number of bitcoin is limited to 21 million. The fact that the dollar's monetary base can be expanded infinitely and bit Continue reading >>

Pay With Cryptocurrency Using Coinbase's New Paypal Competitor | Fortune

Pay With Cryptocurrency Using Coinbase's New Paypal Competitor | Fortune

The largest U.S.-based cryptocurrency exchange, Coinbase, is releasing a PayPal-like service of its own. On Wednesday, Coinbase wrote about its new platform that will make it easier for merchants to accept payments with Bitcoin, Bitcoin Cash, Ethereum, and Litecoin through Coinbase Commerce. Using the platform on an e-commerce website adds a PayPal-like button to the checkout screen. Coinbase Commerce can be directly integrated into a merchants checkout flow or added as a payment option on an e-commerce platform, the blog post continued . Shopify, which allows users to launch their own online stores, is already giving its users the option to accept payments via Coinbase Commerce . Some cryptocurrency aficionados immediately took to the platform. Just made our 1st sale using #CoinbaseCommerce and it was paid with $LTC ! #Litecoin #PayWithLitecoin pic.twitter.com/qoGTnL3Klf Crypto Whale Clothing (@ClothingWhale) February 15, 2018 Still, dont expect a mass surge of merchants gearing up to accept cryptocurrency. Questions about whether or not the platform addresses issues that have barred many other merchants and consumers from accepting cryptocurrency still exist. The volatile price of Bitcoin, for instance, has made it difficult to nail down a price on payments. Gaming platform Steam cited that as an issue when it stopped accepting cryptocurrency. Coinbase is not the only company with such a platform. Bitpay, which is used by Microsoft , also makes a cryptocurrency payments programthough notably, it only accepts Bitcoin. Coinbases announcement comes at a time when the firm itself is having issues with payments. Several major banks no longer allow consumers to buy Bitcoin using credit cards. More recently, users reported issues withdrawing from their wallets using PayPal, Continue reading >>

Paypal (pypl) Has Partnered With Coinbase For A Bitcoin Deal Quartz

Paypal (pypl) Has Partnered With Coinbase For A Bitcoin Deal Quartz

PayPal is slowly dipping its toes in the bitcoin waters. The company has partnered with Coinbase , a virtual currency wallet and exchange, so Coinbase users can sell bitcoin and cash out to their PayPal accounts. Buying bitcoin isnt possible yet, but the small integration is a noteworthy first step. PayPal did not immediately respond to Quartzs request for comment. While bitcoin and its underlying technology, blockchain, has caught Wall Streets attention, consumer tech giants have largely stayed away from the technology until now. Recently, Quartz reported that Airbnb acquihired a bitcoin company and its engineers. Other tech giants, like IBM and Microsoft, have been exploring blockchain tech more closely. IBM developed open source code thats being used in the Linux Foundations Hyperledger consortium. Microsoft has been integrating blockchain services into its Azure cloud platform. Behind the scenes, PayPals been showing signs of interest in virtual currencies. A recently published patent application from PayPal shows the company has explored integrating bitcoin and other virtual currencies like LiteCoin and Dogecoin into physical smartphone payments. The patent application was filed in December 2015. PayPal also held a hackathon in December, according to multiple sources with knowledge of the event. The purpose? To find out new ways for PayPal to use bitcoin and blockchain technology. The attendees included Snapcard, a B2B bitcoin payments company, Coinbase, and Chain. Developers tested things like cross border payments, merchant processing, and creating a digital wallet using bitcoin. For bitcoins growth, even a slight interest in bitcoin on PayPals part would be a big win. PayPal has over 180 million customers and processed $1.4 billion in payments in the first quar Continue reading >>

8 Surprising Places Where You Can Pay With Bitcoin

8 Surprising Places Where You Can Pay With Bitcoin

8 surprising places where you can pay with bitcoin Richard Branson, CEO of Virgin Galactic, which accepts bitcoin as a form of payment In a 1999 interview, Professor Milton Friedman, an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. He had this to say: "I think the internet is going to be one of the major forces for reducing the role of government. The one thing thats missing but that will soon be developed is a reliable e-cash." In November 2008, a paper was posted to a cryptography mailing list titled "Bitcoin: A Peer-to-Peer Electronic Cash System."In this time the value of the first Bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas. In 2011, based on Bitcoins open source code, other cryptocurrencies started to emerge. By 2017, a single bitcoin's worth reached more than $4000 This is greatly attributed to the fact that more people are getting educated on how Bitcoin works. The convenience of receiving payments within seconds, with minimal transaction fees means a lot to a business. More online stores are opening up to accepting Bitcoin as a form of payment from their customers. "Not only is Bitcoin exciting, its also going to play an important role in the future of PayPal." - John Donahoe, CEO of eBay There are many other small e-commerce stores that accept cryptocurrency for purchases. Some industries even have custom cryptocurrencies, which serve like means of payment between parties. The use of cryptocurrency is on the rise as it has many benefits, such as security, speed, minimal transaction fees, easy to Continue reading >>

Paypal Accept Bitcoin

Paypal Accept Bitcoin

1) Do you think about this news will happen ? 2) Do you think paypal may accept bitcoin in next years (3-7) or it is impossible ? 3) Do you think bitcoin will be better than paypal ? when will happen ? Automated Bitcoin Fork Extraction Tool WE DO TOUGH WALLETS: BCH | BTG | BCD | SBTC | UBTC | B2X | BCX | BTF Electrum 2FA, Trezor, Ledger, SegWit, Bech32 Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. PayPal doesn't directly accept Bitcoin, but Braintree, a division of PayPal has partnered with Coinbase to accept Bitcoin. Currently, Bitcoin network processes around 7 transactions per second, while PayPal with an average of 200 tps. In terms of scalability and daily transactions volume, Bitcoin is much far behind PayPal. But apart from being a good store of value, Bitcoin could also be a better decentralized version of PayPal by building second layer payment systems on top of Bitcoin, Lightning Network. So in future, Bitcoin might be better than PayPal, but again it depends on how users will treat Bitcoin, as a store of value or medium of exchange and the extent of merchant adoption. Undoubtedly, bitcoin is already better than paypal by its highest demand and even better than other world assets like gold. People no more like to bear feableness of paypal. Paypal either have to embrace bitcoin as one of their payment method or they must get off sooner. In just a few years, people will have an option to pay via bitcoin their local shops and the bitcoin will be fully dominating over all payment methods including paypal 1) Do you think about this news will happen ? 2) Do you think paypal may accept bitcoin in next years (3-7) or it is impossible ? 3) Do you think bitcoin will be better Continue reading >>

Bitpay Get Started With Bitcoin Payments

Bitpay Get Started With Bitcoin Payments

Accept bitcoin payments for your business Use BitPay's retail, ecommerce, billing, and donation tools to accept payments from customers anywhere on earth. Receive settlement for bitcoin payments directly to your bank account in your own currency, with zero price volatility or risk. Manage your bitcoin finances in one app with the secure, open source wallet by BitPay. Available for all major mobile and desktop platforms. Turn bitcoin into dollars and spend anywhere The BitPay Card lets you load dollars anywhere using any bitcoin wallet. Get instant withdrawals from Visa compatible ATMs and spend with any Visa merchant. Continue reading >>

The Paypal Moment: When Bitcoin Met Mainstream Payments

The Paypal Moment: When Bitcoin Met Mainstream Payments

The PayPal Moment: When Bitcoin Met Mainstream Payments May 12, 2017 at 12:00 UTC|UpdatedMay 31, 2017 at 13:16 UTC Steve Beauregard is serial entrepreneur, co-founder of cryptocurrencypayment processing startupGoCoin and chief revenue officer at Bloq . In this entry in CoinDesk's " Bitcoin Milestones " series, Beauregard looks back on the day PayPal began accepting bitcoin - givingits stamp of approval to atechnology many believed had the potential todisrupt it. It's a Monday in Bitropolis, but not just any Monday. For nearly three months, the GoCoin team had kept painfully silent on the biggest bitcoin news story in the industry to date. In 12 short hours, the press embargo would lift, thenews would jolt the financial world and GoCoin would be cemented in history alongside BitPay and Coinbase as the startups that ushered one of the world's largest payment companies into cryptocurrencies. Yet, on the eve of that very announcement, our inclusion was far from certain. When I founded GoCoin along with Brock Pierce in mid-2013, we discussed that we may be too late. BitPay had been offering payment services to online merchants for well over a year, touting they had signed up 10,000 merchants. Coinbase announced they had signed up the first major retailer, Overstock, to accept bitcoin . GoCoin had raised a modest seed round and was "heads down" in development while BitPay and Coinbase continued to one up each other with increasingly impressive announcements - Gyft, CheapAir, Virgin Galactic and Dell. It felt like every day GoCoin wasn't live would mark another major merchant lost to BitPay or Coinbase. In response, I was putting intense pressure on the development team to compress the Go Live schedule. My system architect, Margot Ritcher, and lead developer, my nephew Kevin Continue reading >>

Ebay And Paypal To Accept Bitcoin Payments Through Braintree [newsbtc]

Ebay And Paypal To Accept Bitcoin Payments Through Braintree [newsbtc]

eBay and PayPal to Accept Bitcoin Payments through Braintree [newsBTC] In their recent SEC filing, eBay and PayPal confirmed plans to allow merchants with a standard account to accept bitcoin payments through third-partyprocessor Braintree. This company was acquired by eBay for $800 million in September 2013 and will now be part of PayPal Holdings. In the same SEC filing , eBay and PayPal have announced the formation of a new corporation called PayPal Holdings that will take over the businesses in eBays payments segment. Meanwhile, eBay will continue to operate its marketplace business as a publicly traded corporation. As two distinct publicly traded corporations, eBay and PayPal will be better positioned to capitalize on significant growth opportunities and focus their resources on their respective businesses and strategic priorities, according tothe eBay announcement. Braintree works in partnership with Coinbase in allowing online sellerstomerchants to accept bitcoin payments seamlessly. It also enablescustomers to pay with bitcoin instantly and securely on any device without manually transferring bitcoin or scanning QR codes. Currently in public beta, Braintrees bitcoin payments service claims to have zero transaction fees on the first $1 million in bitcoin sales and a 1% fee for cashing out to a bank account. With the increased focus on the payments sector, PayPal Holdings can be able to explore new transaction methods such as bitcoin payments, along with Apple Pay and Venno Payments via Braintree. In addition, management can better enjoy theflexibility to pursue new partnership and strategic opportunities that may have previously been unavailable. Merchants and online shoppers are hopeful that the acceptance of bitcoin payments by these companies could help foster Continue reading >>

Blockchain | Paypal Public Policy

Blockchain | Paypal Public Policy

A blockchain is an implementation of a digital ledger. Like a database, a digital ledger can record information of various types, but unlike most databases, blockchain implementations use cryptography to ensure that the information recorded is immutable and trusted. Blockchain technology originally was created to facilitate the cryptocurrency Bitcoin and can be utilized to facilitate, record and verify transactions using cryptography to ensure that data recorded is trusted and unable to be changed or removed. Blockchain technology, while still in its early days, has the potential to disrupt major industries. Many mainstream companies and investors are exploring or investing in blockchain technology. PayPal was one of the first payment companies to enable merchants to accept Bitcoin through Braintree, by way of partnerships with payment processors BitPay, GoCoin, and Coinbase. Were working to understand how to leverage blockchain to better serve merchants and users. As of Q1 2016, total venture capital investment in bitcoin and blockchain startups exceeded $1.1 billion [ link ]. Blockchain Uses a Consensus Model to Manage Data A blockchain is an implementation of a digital ledger. Like a database, a digital ledger can record information of various types, but unlike most databases, blockchain implementations use cryptography to ensure that the information recorded is immutable and trusted. Data on a blockchain is immutable because it cannot be changed or removed, and it can be trusted because it is immutable. A blockchain achieves this by sharing instances of the ledger among all the different parties on a network and using a consensus model that requires multiple parties to agree and verify each time an addition is made to the chain. Broadly speaking, blockchains can be Continue reading >>

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