Bitcoin was created and designed not to compete or destroy anything in the business we had in this world. It is just depend on the people who gave significance to a things that they want to use it more. And maybe it can be all coming by a chance only that bitcoin has a capacity to surpass Paypal because of its usage in terms of the features of bitcoin has which Paypal don't have.

I don't think so. Bitcoin and Paypal is different. They do have different platform in Bitcoin, you have to convert it into fiat money for you to withdraw it or for your reciever to withdraw it. Meanwhile in Paypal, if your recipients have bank accounts in Paypal, it'll be easy for him tl withdraw it since it is in fiat money. However? The problem in paypal os its confidentiality which Bitcoin has.

This is not far from possible to happen to bitcoins from this point given the condition of bitcoins nowadays. It's a matter of appreciation and application when it comes to different transaction in order to overcome Paypal. Maybe in the future many will prefer bitcoins, who knows?

Your comment is on the right track. Bitcoins overtaking on the golds price is just one step for bitcoin and it is believed that soon paypal and western union will be out of business due to bitcoin usage. I am not against paypal and Western Union but the possibility is high that bitcoins features will deem the services of paypal and western union less convenient and useful.

It has no real value other than for statistical purposes.


You just like to spew around with unfunded arguments, do you... PayPal is a growing business with more than 200 million active users, and that number is constantly growing. PayPal offers people exactly what they want, and that's not something that can be said about Bitcoin regarding the currency aspect. WU can be overtaken in the way that Bitcoin produces more transaction volumes valued in USD, but that's about it. It won't impact their core business in any way.


Both PayPal and WU score a better level of usability and convenience than Bitcoin. You must not forget what makes PayPal and WU so interesting for users. Both are different platforms with features that Bitcoin simply can't offer.

I think this decision should be the choice of the user to where it is more convenient to him. I am not really into Paypal but I do have an account. Well, that is for other jobs that I do doesn't pay in bitcoin or other wallet like website. They will pay only through Paypal. Somehow that is a pain after payment, to put it to bitcoin but you cant argue, that is work and I just need to follow the rules of them.
I still do prefer bitcoin.

I don't think so.
In fact, paypal and bitcoin are in very different position, legally and in the market.
Paypal is very well established company in America, which follow all rules and financial regulations, pay taxes etc.
Bitcoin is decentralized, nobody owns it, no financial regulation etc.
In the market, Many users need bills as proof of payment, or to be exempt from tax.
With bitcoin, they can't get it.
Also, paypal have very good refund policy and buyer and seller protection.
With bitcoin, story is very different, as you know.
So, I think that most users using PayPal and Bitcoin for different reasons.
Because of this, they are not competition to each other.

Yeah bitcoin works differently from bitcoin because there are no miners that will confirm the transaction and there is no delay, Paypal transaction are instant and there are millions of transaction being made every day and I like paypal for this.

But the limit and some other fees that paypal takes it's their downside which in this aspect bitcoin is much better and can overcome PayPal anytime soon but there should be more changes in bitcoin like increasing the block size.

but i think in some cases we can compare bitcoin with paypal, as both are use for online transaction. in think most of the shops are accepting bitcoin and paypal for shopping, but after bitcoin has been introduce so now people are giving preference to bitcoin and not to paypal.

Actually i would say it's a yes and no.
The reason for a yes is in terms of fees and anonymity. Normally if we receive more than 1000$ at a single time they will ask for id and the reason from where you got these funds. While bitcoin we can send transactions of any amount.
Another reason is because of reversible reason many people don't like paypal.
No because paypal for now and in future will be accepted in many more places around the world.