i am more interested to know when PayPal dudes are going to be desperate enough to start their own altcoin. it certainly has started like this before many times. the latest example was Jpmorgan crapcoin. they also attacked bitcoin a lot before they made their own altcoin. what would it be this time? peepee coin?

Lol, this isn't surprising.  Paypal stands to lose a business if crypto becomes the preferred payment method.  This is just like Warren Buffet calling bitcoin rat poison when he holds la large percentage of banks and credit card companies.  These guys will criticize anything that threatens their bottom line.

Fuck PayPal, who uses it nowadays?
Bitcoin surpassed PayPal in terms of total yearly transaction volume at $1.3 trillion.
More info here - https://www.newsbtc.com/2019/02/26/bitcoin-surpasses-paypal-in-yearly-transaction-volume-at-1-3-trillion/

That's the main reason that scared PayPal and all its employees as well as CEO himself that he couldn't resist himself from showing up and responding under the effect of jealousy. I don't really count anyone to anything if they belong to PayPal, I personally hate them for all their shady holds, especially their 21 day hold and account freezing.

I agree with Schulman that volatility is an obstacle on the way to mass adoption. Retailers don't want to risk their profits so much, it's reasonable. Some do go for btc, though, but I am pretty sure they just convert btc into fiat on regular basis, and that's not how adoption should work.
That is also true. Paypal is nothing special, and in my country it's not even that popular, because people can send their money here via Paypal, but not receive it. I agree with the  analyst that in the long run such services might want to be more crypto-friendly is they want to survive. Elong Musk is one of the founders of Paypal and he respects Bitcoin. Maybe he'll put some sense into the CEO's head  

They have to dismiss the use of bitcoin because it will hurt their business so much and they will come out with things like these, majority of the payment platform will be affected if people start using bitcoin for international business transactions, we will see a mass adoption in the future until then they can spread FUD like these to protect their businesses.

It's laughable when someone from Paypal talks about high fees! Paypal is well known for their exorbitant conversion fees so people will be less worried about margin if they use cryptos instead of paypal.

But I understand Dan's pain. Unlike Banks, PayPal's revenue is mostly dependent on the remittance business where they take fees for receiving money, converting money to local currency and to transfer money to our bank accounts. So cryptos are directly impacting their business. A lot of people like me stopped using paypal after inception of bitcoin. I had a bank verified paypal account which was pretty active. However, I recorded zero transactions in last 3 years after I adopted bitcoin for my freelancing payment. So paypal can he considered as the most badly affected company due to adoption of cryptos.


I completely agree with this statement. 10% fluctuation in any direction is indeed huge and that is actually discouraging a lot of business owners to use bitcoin. Even though there are other reasons like non existent government regulation and confusing tax structure, but the fluctuation is also a big challenge.

I am sure there are lot if businesses accepting bitcoin, but it is particularly challenging for price intensive sectors where the competition is high.

Yes!
Everyone should start getting used to this kind of words. We've been attacked since before and look on where they are, this is another big company just think on how it went after Jamie Dimon was bashing bitcoin before.

We can't deny that volatility in the cryptocurrency markets is still a controversy for now. In one side some traders utilize the benefit of volatility to make a significant amount of profit. In another hand business owner won't use Bitcoin as the way of payment because of the volatility.

IMO, both aren't likely a good side but the second option more likely are more desired since the more Bitcoin accepted in the merchant, that will mean the adoption increase, and if the adoption increases the volatility will decrease.

Paypal should not only fear cryptocurrency because the use of digital money has been widely used by the banks. The bank to bank transfer make this possible. If you were to think how those individuals will able to do successfully huge transactions is because of this banks. So paypal were just too assuming to react on the rise of cryptocurrency without seeing the real danger of their business behind with the banks nowadays. 

Paypal is one of the things that becomes obsolete with Bitcoin. Like banks, unless Paypal also becomes an exchange or payment processor (ie. deposit bitcoin pay fiat), people will simply stop using it. The main problem with Paypal is that depends on credit cards. Why? We should be able to move our funds from/to bitcoin.

But that is ok. The whole sector either embraces Bitcoin or will start getting kicked to the sides. Why he doesn't ask one of the actual creators of Paypal, you know, Elon Musk? That should give him a hint...