Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: princessgirl on November 26, 2018, 01:57:39 AM
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Paypal has been operating long before Bitcoin and has got the accreditation of most banks across the globe. However, Bitcoin offers significant features and benefits which Paypal do not offer. Bitcoin allows to purchase items as well as to earn for holding for some time. Bitcoin will only get to displace Paypal completely when it is accepted by the most of the governments.
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Bitcoin
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Paypal is fully regulated and it is connected to banks and use kyc for Every member but crypto currency market and bitcoin is not regulated in all countries. If this market comes under regulations, then it can possible in future.
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Paypal works with fiat money, which is not subject to volatility, so it has several advantages compared to cryptocurrency, but the cryptocurrency is developing rapidly and will probably soon show new means of payment that are even more convenient and attractive!
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I think the company has partnered with Coinbase, a virtual currency wallet and exchange, so Coinbase users can sell bitcoin and cash out to their PayPal accounts. Buying bitcoin isn’t possible yet, but the small integration is a noteworthy first step.
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I do not see that happening even if most government accepts bitcoin. Saying Bitcoin will completely replace fiat is like saying Bitcoin completely replacing fiat. Many will still prefer the faster payment system.