PayPal's director says that they're considering adding Bitcoin as a funding instrument (re-post with better title)
People commented that a better title was needed, so here is the better title minus the karma for me this time. David Marcus, president of EBay Inc.'s PayPal unit was on Bloomberg today where he said:
And I think here, for us at PayPapl, it's just a question of whether Bitcoin will make its way to PayPal's funding instrument or not, and we're kind of thinking about it right now.
Here are the links to the original post and to the video. [Update:] A lot of people are really missing the big picture here! If PayPal accepts Bitcoin as a funding instrument, it will open up the flood gates for spending Bitcoin and it will have numerous other benefits:
You will be able to spend your bitcoins on eBay!!!
People from all those countries currently not supported by PayPal can now fund their PayPal accounts with Bitcoin!
PayPal provides consumer protection!
Merchants will get Bitcoin payment processing directly from PayPal!
They may even be a sort of "proxy exchange" where the average Joe can buy Bitcoins with money from their credit card or bank account.
Talk about groundbreaking!!! [Update 2:] Sorry for the error in the title, the guy is the President of PayPal not the Director.
After this I am absolutely certain Bitcoin is going to go practically mainstream this year. Google is in discussions with payment companies including Visa, MasterCard and PayPal to put illegal download websites out of existence by cutting off their funding
[uncensored-r/Bitcoin] Fund exchange account with CC or PayPal
The following post by Logman64 is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7gcy2m The original post's content was as follows:
I'm looking for an exchange where I can fund my balance with credit card and/or PayPal. Does a place exist? Have accounts on a few exchanges and most are all bank wire funded.
Food for Thought: PayPal Bans BitTorrent VPN / Proxy Service -- PayPal has just cut off the BitTorrent proxy provider GT Guard and frozen the company’s funds (Should we really trust them with Bitcoin?)
'PayPal in Talks to Buy Crypto Firms Including BitGo', Paypal Seem to be going deeper on Crypto than first thought.
https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins. PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added. It couldn’t be learned how much PayPal would pay for BitGo if it goes ahead with the deal. BitGo raised $58.5 million in 2018 at a $170 million valuation, according to PitchBook. Representatives for BitGo and PayPal declined to comment. Palo Alto, California-based BitGo was founded in 2013 by Chief Executive Officer Mike Belshe. It offers digital wallets that require multiple signatures for transactions, as well as offline vaults for storing Bitcoin and rival currencies. It was one of the first companies in the space to focus on institutional investors, according to its website. The company applied in August to New York regulators to become an independent, regulated qualified custodian under New York State Banking Law, a press release showed. Custodians like BitCoin are responsible for safekeeping digital assets using secure storage. PayPal announced on Wednesday that its customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as use the virtual money to shop at the 26 million merchants on its network. The announcement led Bitcoin to surge past $13,000 for the first time since July 2019. PayPal said it would partner with BitGo competitor Paxos Trust Company, a regulated provider of cryptocurrency products and services for its new service. BitGo is backed by investors including Goldman Sachs Group Inc., Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, Valor Equity Partners and Founders Fund.
Is there a safe way to purchase bitcoin with my PayPal funds? Are there any reputable websites that can help facilitate this? I thought I remembered reading about a btc exchange that let's you buy a digital good with PayPal and convert that good to bitcoin? Or am I misrembering?
How do Canadians purchase bitcoins with a credit card or even paypal? I live in a rural area and my options of sending western union funds to some place abroad doesn't seem OK with me.
I doubt paypal will ever be an option because of their virtual product policies but anyway... What's the best way in Canada to do it online? I'm not banking at one of the big five banks here either (credit union) so I can't use the Interac method either I guess.
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How to transfer Bitcoin to PayPal, without coinbase! - YouTube
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