Payments companies like Paypal, Square, Skrill, and others are finally driving into the Bitcoin revolution. Openly declaring the digital currency is the next big thing in the payments space.
No spin/lies here! The biggest/most interesting name in the headline, Paypal, is doing NOTHING with Buttcoin. It’s using a blockshame for IDENTITY MANAGEMENT. No magic beans, so magic bean adoption, nothing. Non-event.
Instead of taking BTC, they need to start off with taking stablecoins.
1. Get people used to the idea of storing their own money on their own computers.
2. Get vendors used to the idea of receiving crypto without needing to explain how the price can change. $1 USDT = $1
3. The stablecoins also tend to be faster than BTC
4. All alts can be sold into stablecoins fairly easily, and you won’t lose 5% between the time you send your payment and it arrives to your wallet
5. Stablecoins don’t appreciate, so people will actually spend them instead of trying to time the best exchange rate/hoarding the coins
Last week Reddit was slamming Forbes as being almost identical to Huff and whatnot, just because there was a piece that slammed crypto. What, we’re all good now?
Money talks!!! This means next step will be seeing who will have the strongest loby in 2020 elections and the usual follow the money will leed to CC conections leaking. Sweet!
But here’s the thing….. There’s already a large number of ways to spend bitcoin, but stats show practically no one is actually using it for that. What’s going to be done to help encourage change that? No one ever seems to talk about this.
Yeah, I remember how surprised I was when CoinDeal announced Skrill withdrawals. I’ve always thought those companies like Paypal etc. would avoid the crypto world and here we are. Now I can withdraw EUR, USD, GBP and KRW via Skrill, which still sounds surreal.
Lots of ppl forget that paypal isnt just a payment provider or inbetween. They offer services if you get scam/fraud and insurance delibry and they get back your money. Dont know how it works into crypto but pretty sure you can say goodbye
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Be aware, this submission links to a Forbes **contributor article** which is essentially an op-ed or non-fact-checked article by contributors who have been recruited by the Forbes editorial staff to write these articles, and they do not necessarily reflect the views of Forbes themselves.
—
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
AndYouThinkYoureMean
|AuthorBTC isn’t a currency
URAHOOKER
|AuthorReq just got even more Rekt
nviln
|AuthorJoin them if you can’t beat them
ClarkFererra
|AuthorLet’s hope that all these companies will continue to work with crypto more intense.
Krizztoff
|AuthorReally? PayPal won’t let me use it for btc transactions.
airbornecz
|Authorwestern union–>paypal–>**** off its crypto time now biatches!
mookmerkin
|AuthorNo spin/lies here! The biggest/most interesting name in the headline, Paypal, is doing NOTHING with Buttcoin. It’s using a blockshame for IDENTITY MANAGEMENT. No magic beans, so magic bean adoption, nothing. Non-event.
GilliyG
|AuthorI dont think that paypal is a good company for your cryptos. They like to ban accs too much
SilverFox4428
|AuthorEhhhhh. I don’t think governments will so easily give up their control of the monetary system. Interesting to see how this plays out.
BakedEnt
|Author“The Bitcoin” revolution. What the actual ****. Stop trying to frame headlines and articles.
The tech is blockchain, and Bitcoin developments on that tech has been purposely obstructed by Core for malicious reasons.
manphibian
|AuthorBitcoin isn’t the next big thing in any space.
It’s 10 years old, nobody uses it fir payments, as its completely useless for the job.
wardser
|AuthorInstead of taking BTC, they need to start off with taking stablecoins.
1. Get people used to the idea of storing their own money on their own computers.
2. Get vendors used to the idea of receiving crypto without needing to explain how the price can change. $1 USDT = $1
3. The stablecoins also tend to be faster than BTC
4. All alts can be sold into stablecoins fairly easily, and you won’t lose 5% between the time you send your payment and it arrives to your wallet
5. Stablecoins don’t appreciate, so people will actually spend them instead of trying to time the best exchange rate/hoarding the coins
Journalancer
|AuthorLast week Reddit was slamming Forbes as being almost identical to Huff and whatnot, just because there was a piece that slammed crypto. What, we’re all good now?
hazzymoto
|AuthorUpvoting because to the mooooooon
LarsPensjo
|AuthorWasn’t BitPay going to require KYC when you pay invoices?
It wouldn’t surprise me if the above-mentioned companies are going to go the same way.
PatrickBitmain
|AuthorIf you believe that shitty article then I have fresh spreadsheet cells to sell you for $10K.
tonywang896
|AuthorWE need anonymous payments!
svw05062009
|AuthorMoney talks!!! This means next step will be seeing who will have the strongest loby in 2020 elections and the usual follow the money will leed to CC conections leaking. Sweet!
B1ackCrypto
|AuthorBut here’s the thing….. There’s already a large number of ways to spend bitcoin, but stats show practically no one is actually using it for that. What’s going to be done to help encourage change that? No one ever seems to talk about this.
Edit:typo
Edulerp
|AuthorYeah, I remember how surprised I was when CoinDeal announced Skrill withdrawals. I’ve always thought those companies like Paypal etc. would avoid the crypto world and here we are. Now I can withdraw EUR, USD, GBP and KRW via Skrill, which still sounds surreal.
lemzor
|AuthorLots of ppl forget that paypal isnt just a payment provider or inbetween. They offer services if you get scam/fraud and insurance delibry and they get back your money. Dont know how it works into crypto but pretty sure you can say goodbye
willowhawk
|AuthorSo how do we bank off this being early to the game?
Txcalibur
|AuthorYeah, refusing cryptocurrencies is like refusing to use the internet nowadays
Visco-
|AuthorOne More Step Along The World I Go..
vovan45619
|AuthorWhat is it mean, they are going to allow crypto now?
dunryc
|Author‘First they ignore you, then they laugh at you, then they fight you, then you win.’
AutoModerator
|Author**Bitcoin(BTC) Basic Info:** [Website](https://bitcoin.org) – r/Bitcoin – [Abstract](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_short_description) – [History](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_history) – [Exchanges](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_exchanges) – [Wallets](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_wallets)
**Biases(Updated July, 2019):** [Arguments For](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_pros) & [Arguments Against](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_cons) | **CryptoWikis:** [Policy](https://www.reddit.com/r/CryptoCurrency/wiki/policy#wiki_cryptowikis_program_-_.28work_in_progress.29) – [Contribute](https://www.reddit.com/r/CryptoWikis/wiki/contributing)
—
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
AutoModerator
|AuthorBe aware, this submission links to a Forbes **contributor article** which is essentially an op-ed or non-fact-checked article by contributors who have been recruited by the Forbes editorial staff to write these articles, and they do not necessarily reflect the views of Forbes themselves.
—
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*