PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
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PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
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Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#2First they ignore you, then they laugh at you, then they fight you, then you win.
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#3First they ignore you, then they laugh at you, then they fight you, then you win.
I don't think bitcoin won yet. I haven't heard of paypal allowing people to pay for bitcoins yet. (as in transfers of funds to exchanges) They accept it for their service, but noone else can.
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#4First they ignore you, then they laugh at you, then they fight you, then you win.
I don't think bitcoin won yet. I haven't heard of paypal allowing people to pay for bitcoins yet. (as in transfers of funds to exchanges) They accept it for their service, but noone else can.
Maybe not Bitcoin, but at this point I can already say that cryptocurrencies are the future of the global economy.
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#5Earlier quoted context omitted.
I don't think bitcoin won yet. I haven't heard of paypal allowing people to pay for bitcoins yet. (as in transfers of funds to exchanges) They accept it for their service, but noone else can.
Maybe not Bitcoin, but at this point I can already say that cryptocurrencies are the future of the global economy.
>> "at this point I can already say that cryptocurrencies are the future of the global economy"
You can say it all you want - that doesn't mean it's going to happen. Personally I see cryptocurrencies becoming popular enough that 'normal' people use them from time to time and understand how they work but I don't see the entire global economy switching from current currency forms to cryptocurrency anytime in the near future.
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#6Earlier quoted context omitted.
Maybe not Bitcoin, but at this point I can already say that cryptocurrencies are the future of the global economy.
>> "at this point I can already say that cryptocurrencies are the future of the global economy" You can say it all you want - that doesn't mean it's going to happen. Personally I see cryptocurrencies becoming popular enough that 'normal' people use them from time to time and understand how they work but I don't see the entire global economy switching from current currency forms to cryptocurrency anytime in the near f…
Merchants are paying 3% or so to accept money from their customers today. There are zero-fee, instant conversions for customers and merchants to use Bitcoin (Circle and BitPay, respectively). Once the user experience is right, customers will pay using funds from their bank account via Bitcoin with near-zero costs (slight exchange rate differences between services), and merchants will offer their customers discounts to pay that way.
Two years from now, merchants won't be paying 3%.
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#7Earlier quoted context omitted.
Maybe not Bitcoin, but at this point I can already say that cryptocurrencies are the future of the global economy.
>> "at this point I can already say that cryptocurrencies are the future of the global economy" You can say it all you want - that doesn't mean it's going to happen. Personally I see cryptocurrencies becoming popular enough that 'normal' people use them from time to time and understand how they work but I don't see the entire global economy switching from current currency forms to cryptocurrency anytime in the near f…
Wait until hyperinflation kicks in.
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#8Serious question:
If one is engaged in entirely legal activities - no money laundering, no drugs, no illegal weapons, no tax evasion, no slipping around international monetary controls - why would one want to use Bitcoin?
With the volatility of Bitcoin's price, transfer costs of traditional payment methods (1-3%) are totally dwarfed by the risk of holding Bitcoins for even a short period of time.
Maybe there is some opportunity for arbitrage in currency conversion rates, because of the low daily trading volume? But that doesn't seem like a likely profitable investment when you can lose 4% of your value at 3am because of a cascading margin call on a single exchange.
Other than currency speculation and the ease of evading the law, why would anyone want to exchange a reasonably stable national currency for bitcoin?
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#9First they ignore you, then they laugh at you, then they fight you, then you win.
I don't think bitcoin won yet. I haven't heard of paypal allowing people to pay for bitcoins yet. (as in transfers of funds to exchanges) They accept it for their service, but noone else can.
Using PayPal is a really bad way to sell bitcoins, because PayPal lets the buyer dispute the transaction, reversing payment. If you sell bitcoins via PayPal, you're taking a big counterparty risk (not to mention the 3rd party, PayPal itself).
Re: PayPal’s Braintree Embraces Bitcoin, One-Touch Payments
#10Serious question: If one is engaged in entirely legal activities - no money laundering, no drugs, no illegal weapons, no tax evasion, no slipping around international monetary controls - why would one want to use Bitcoin? With the volatility of Bitcoin's price, transfer costs of traditional payment methods (1-3%) are totally dwarfed by the risk of holding Bitcoins for even a short period of time. Maybe there is some…
I'd imagine the greatest benefit would be as a low friction P2P payment option.
It's still hard to just send a fixed amount of money to someone with traditional payment systems, and if both parties have and use BTC, it would be pretty convenient.