Paypal first official partnerships with bitcoin companies - GoFuckYourself.com

jscott · 09-23-2014, 12:58 PM

Been waiting for this, price jumped about $40 in an hour

http://www.coindesk.com/paypal-annou...bitcoin-space/

Quote:

PayPal has announced partnerships with the three largest payment processors in the bitcoin space ? BitPay, Coinbase and GoCoin.

Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal?s first formal offering to the bitcoin community.

In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables customers to accept credit cards, mobile carrier payments and other payment methods through a single integration.

Ellison lauded BitPay, Coinbase and GoCoin for their commitment to ensuring consumer protections on their platforms, while suggesting that the offering will appeal to a number of its key customer groups, writing:

xato · 09-23-2014, 01:35 PM

Quote:

Originally Posted by jscott

Been waiting for this, price jumped about $40 in an hour

http://www.coindesk.com/paypal-annou...bitcoin-space/

nikki99 · 09-23-2014, 01:37 PM

wow, very nice

Gateway69 · 09-23-2014, 01:43 PM

about fucking time... next we need Amazon to jump in.. the price of BTC has really taking a plunge as of late so hopefully this will help it rise up again..

PornDiscounts-V · 09-23-2014, 02:37 PM

Interesting!

RyuLion · 09-23-2014, 02:39 PM

Wow..congratz to them/that..

RyuLion · 09-23-2014, 02:40 PM

Forbes article...

PayPal and its parent company eBay EBAY +0.51% are warming up to Bitcoin, but they?re doing it oh so carefully...

bluebook18 · 09-23-2014, 03:18 PM

hmmm that's good news..

beenthereb4 · 09-23-2014, 03:38 PM

I can hear some people eating crow this very moment ........

AdultKing · 09-23-2014, 03:43 PM

What people need to understand about these deals is that the result will include the current terms of service and AUP of Paypal.

Bitcoin becomes nothing more than another funding source or withdrawal point and it's not going to unleash a tidal wave of people using Bitcoin (with Paypal) for illicit purposes.

The models chosen by Paypal are very smart in the way they maintain control over the payment processes.

adultmobile · 09-23-2014, 04:25 PM

Quote:

Originally Posted by AdultKing

What people need to understand about these deals is that the result will include the current terms of service and AUP of Paypal.

Bitcoin becomes nothing more than another funding source or withdrawal point and it's not going to unleash a tidal wave of people using Bitcoin (with Paypal) for illicit purposes.

The models chosen by Paypal are very smart in the way they maintain control over the payment processes.

So what this press it means for file lockers, nothing?

beenthereb4 · 09-23-2014, 08:40 PM

Quote:

Originally Posted by adultmobile

So what this press it means for file lockers, nothing?

There were a lot of people saying that bitcoin would fail , you hear again and again . This is just another example of a big company accepting it . No matter how they word it terms of service anything else . Bitcoin is here to stay . My original post about crow was referring to all those that said it would fail . It's just hard for some people to say "hey I was wrong bitcoin is here for good " .

jscott · 09-23-2014, 09:36 PM

Quote:

Originally Posted by beenthereb4

There were a lot of people saying that bitcoin would fail , you hear again and again . This is just another example of a big company accepting it . No matter how they word it terms of service anything else . Bitcoin is here to stay . My original post about crow was referring to all those that said it would fail . It's just hard for some people to say "hey I was wrong bitcoin is here for good " .

AllAboutCams · 09-23-2014, 10:16 PM

Very good news

Captain Kawaii · 09-23-2014, 10:17 PM

Quote:

Originally Posted by beenthereb4

There were a lot of people saying that bitcoin would fail , you hear again and again . This is just another example of a big company accepting it . No matter how they word it terms of service anything else . Bitcoin is here to stay . My original post about crow was referring to all those that said it would fail . It's just hard for some people to say "hey I was wrong bitcoin is here for good " .

Its good news for the beliebers. Bitcoin has a chance to stay but question is how relevant will the paypal deal be for them. Time and more paypal type deals will increase levels of monitoring legal and fiduciary agencies and worse, regulation.

Question. When paypal integrates bitcoin who does it work with to do so? Open source or something?

Sukiho · 09-24-2014, 03:58 AM

seems things have changed, all the ponzi scheme posters have vanished

jscott · 09-24-2014, 03:59 AM

Quote:

Originally Posted by Sukiho

seems things have changed, all the ponzi scheme posters have vanished

Don't forget about the "tulip mania" dumb asses too

Due · 09-24-2014, 02:43 PM

I am not surprised that PayPal tries to jump on the wagon.
They obviously saw that I publicly endorsed Bitcoin and decided they needed to move fast

https://gfy.com/showpost.php?p=20226000&postcount=4

Quote:

Originally Posted by Due

I recently created a bitcoin wallet therefor I must assume bitcoin will increase in value

I would say yes because of the reason mentioned above

Thank me later

clickity click · 09-24-2014, 02:47 PM

Quote:

Originally Posted by Captain Kawaii

Question. When paypal integrates bitcoin who does it work with to do so? Open source or something?

Make your question clearer.

jscott · 09-25-2014, 12:28 AM

Quote:

Originally Posted by Captain Kawaii

Question. When paypal integrates bitcoin who does it work with to do so? Open source or something?

Ya, I don't know too, what does that even mean?

Captain Kawaii · 09-25-2014, 02:57 AM

Quote:

Originally Posted by clickity click

Make your question clearer.

How does one integrate a de-centralized currency?

jscott · 09-25-2014, 03:17 AM

They mean integrate it into their Paypal system. They will use something like Bitpay, so whatever the rate is currently at is what they'll exchange it at. The same they do with USD or Euro, etc.

Captain Kawaii · 09-25-2014, 03:45 AM

Quote:

Originally Posted by jscott

They mean integrate it into their Paypal system. They will use something like Bitpay, so whatever the rate is currently at is what they'll exchange it at. The same they do with USD or Euro, etc.

Thanks. I asked a biller in the meantime. I understand what they were doing just not sure how it is done technically. Who has to pay for that etc.

Have you integrated bitpay into any sites? Biller told me so far most if not all adult sites have not made back the investment to integrate. Will be interesting to see how mainstream paypal users react to bitcoin.

Anything that can keep people's money out of central banks is okay with me.

09-23-2014, 01:37 PM	#3
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09-23-2014, 01:43 PM	#4
Gateway69 Confirmed User Join Date: Jul 2002 Posts: 1,510	about fucking time... next we need Amazon to jump in.. the price of BTC has really taking a plunge as of late so hopefully this will help it rise up again.. __________________ Gateway - Tech Guru Dreaming Computers IG

09-23-2014, 02:37 PM	#5
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09-23-2014, 02:39 PM	#6
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09-23-2014, 02:40 PM	#7
RyuLion ClubDomCash.com Industry Role: Join Date: Mar 2003 Location: San Diego Posts: 32,182	Forbes article... PayPal and its parent company eBay EBAY +0.51% are warming up to Bitcoin, but they?re doing it oh so carefully... __________________ Adult Biz Consultant A tech head since 1995

09-23-2014, 03:18 PM	#8
bluebook18 Confirmed User Industry Role: Join Date: Mar 2012 Location: Soon On Mars Posts: 4,082	hmmm that's good news..

09-23-2014, 03:38 PM	#9
beenthereb4 Dat's Nacho Cheese Baby Industry Role: Join Date: May 2013 Location: Not Sure Posts: 350	I can hear some people eating crow this very moment ........ __________________ Pantyhose content needed

09-23-2014, 03:43 PM	#10
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	What people need to understand about these deals is that the result will include the current terms of service and AUP of Paypal. Bitcoin becomes nothing more than another funding source or withdrawal point and it's not going to unleash a tidal wave of people using Bitcoin (with Paypal) for illicit purposes. The models chosen by Paypal are very smart in the way they maintain control over the payment processes.

09-23-2014, 10:16 PM	#14
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09-24-2014, 03:58 AM	#16
Sukiho Confirmed User Industry Role: Join Date: Feb 2009 Location: SE Asia Posts: 111	seems things have changed, all the ponzi scheme posters have vanished

09-25-2014, 03:17 AM	#22
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	They mean integrate it into their Paypal system. They will use something like Bitpay, so whatever the rate is currently at is what they'll exchange it at. The same they do with USD or Euro, etc.