Seems like they all come crawling back.
You talking about Paypal or the crypto nerds who would claim they'd never use it?
PayPal to support Ethereum and Bitcoin
211–220 of 409 posts
Re: PayPal to support Ethereum and Bitcoin
#212real question because i don't know, what do people actually buy with crypto other than other money or illegal stuff? i presume paypal won't be happy with you buying/selling drugs with it
To answer your question, I hardly buy anything with crypto because there's barely support... Hopefully this is a catalyst for change. I feel like this is the wrong question to ask. Instead try "why would someone purchase with crypto over fiat?". I prefer to use crypto for international online purchases because the transaction and conversion fees from my native currency are way too high. With crypto it's a one off dep…
It’s strange because I buy everything with Bitcoin already. Literally. Even my kids Robux!
Re: PayPal to support Ethereum and Bitcoin
#213I'm both surprised they didn't already, and am more surprised people are still willing to even use PayPal at this point.
In the real world, not in computer user world, people use what is avilable to them that works. Paypal is that.
Only when it's the literal only option at checkout. Then it's the merchant's choice, not my problem. When possible, I'll always opt to use a different instantaneous method (e.g. iDeal or direct debit), or give the merchant my money directly and wait 3 days for the IBAN transfer to go through. Using paypal just risks the money being indefinitely frozen on either side and them taking a cut for the privilege, if it works on a particular day in the first place (no mysterious errors or infinite loading screens)
As for "the real world", there's cash and chip+PIN. Never used paypal IRL. Is that a thing in your country, did you mean that literally? If so, where are you from?
Re: PayPal to support Ethereum and Bitcoin
#214I'm both surprised they didn't already, and am more surprised people are still willing to even use PayPal at this point.
It's pretty convenient when it's offered as a checkout option and it lets you avoid filling in your details yet again.
I wouldn't store any money in it though.
Re: PayPal to support Ethereum and Bitcoin
#215The whole purpose of crypto is to exchange money online like we exchange cash in person, so who wants PayPal as a middleman on a tech designed not to have a middleman? Who will use that
Re: PayPal to support Ethereum and Bitcoin
#216I've bought bitcoin a few times using paypal, and while it says you can transfer it to any address, it would never actually let me complete the process. Support was utterly useless. Presumably it's some fraud risk sort of issue, but ultimately just cost me a few dollars in losses and fees to get my cash back.
Never again.
Re: PayPal to support Ethereum and Bitcoin
#217I'm both surprised they didn't already, and am more surprised people are still willing to even use PayPal at this point.
In the real world, not in computer user world, people use what is avilable to them that works. Paypal is that.
I think it's from people who are programmed from early e-commerce days to think using their credit card online is an extreme risk, and that Paypal is shielding them or insuring their purchase in some way.
That said, I know some small nonprofits where that's their preferred way to donate online.
Re: PayPal to support Ethereum and Bitcoin
#218Holding money (or crypto) in PayPal is a terrible idea. They are not a bank, they do not abide by banking regulations. They can lock you out of your account and your money at any time and leave you going in circles with their offshore support. Yes, they are somewhat of a necessary evil if you do any online peer-to-peer buying/selling, since they are the only money transfer service that provides some level of "buyer p…
> They are not a bank, they do not abide by banking regulations.
"In 2008, PayPal Europe was granted a Luxembourg banking license, which, under European Union (EU) law, allows it to conduct banking business throughout the EU.[173] It is therefore regulated as a bank by Luxembourg's banking supervisory authority" https://en.wikipedia.org/wiki/PayPal#Regulation
You're not wrong that they don't act like an honest bank, or abides by any sort of ethics about whose money it really is that they're holding onto... but know that they are regulated in case that ever helps you!
Re: PayPal to support Ethereum and Bitcoin
#219Earlier quoted context omitted.
Used everywhere to buy everything? Some serious evidence is required to support this claim. I bet she can't even buy candy at your neighbourhood convenience store.
Dude... I can buy anything anywhere. If it supports regular cards, it supports crypto card. My first test was to buy candy btw in the local corner shop in the middle of nowhere. It is really funny how people on HN can be so stubborn.
Fwiw you won't find a supermarket in this country that accepts buying things on credit, much less a local candy store. If that worked for you, it's very specific to wherever you live
Re: PayPal to support Ethereum and Bitcoin
#220The whole purpose of crypto is to exchange money online like we exchange cash in person, so who wants PayPal as a middleman on a tech designed not to have a middleman? Who will use that
Decentralized Finance!