Will PayPal Ever Accept BitCoin?

bitcoinWe all know what PayPal is, right? I don’t really need to be telling you about it – after all, it’s the world’s first and most popular e-wallet service, home to 188 million active users, spawning numerous imitators and pretty-much singlehandedly planting the idea in people’s heads that maybe it’s not such a bad idea to give your bank details to a stranger on the Internet after all. Hell, chances are you’re probably using it right now, and why wouldn’t you? It’s safe, it’s convenient, it’s quick and easy to use, it’s everything you could possibly want in a service like this. While initially it pretty much started as nothing more than an extension of eBay, a safe way to handle payments for products in the not-exactly-safe environment of a used goods marketplace where scams weren’t exactly uncommon, PayPal has since evolved way past its initial programming to deal with pretty much every single market and currency around. You can buy clothes in the UK, you can pay your bills in Germany, hell, you can even commission lewd art from an artist in the Philippines! The sky’s the limit when it comes to payments with PayPal… right? Well, not quite. There’s one thing you can’t do – work with BitCoin, or any other e-currency.

I mean, sure, you can sometimes do it… If you live in North America and get extremely lucky. The rest of us, though, are pretty much screwed as far as BitCoin transactions are concerned, with PayPal remaining determined to keep them at arm’s length and focus on regular currency for the time being. But why is that, and more importantly, is there a chance that this policy might change in the future? Let’s answer the first question first, since it’s a lot easier to tackle. The thing is, there are two main reasons why PayPal is staying far away from e-currency at the moment. First and foremost, it’s extremely new. Established currencies have been around for hundreds of years, while e-currency has only been active for a few, at best. It’s untested. If it crashes, that could bring down a significant portion of the company with it, potentially. And second of all, bitcoin is, as of this moment, primarily associated with illicit use. You don’t need to tell me that it’s not ALL it’s being used for, not by a long shot – I know. For example, you can find just as many online casinos that accept bitcoins as you can find online casinos that accept PayPal here, and yet, because it was used for buying drugs on the deep web, BitCoin has gained a reputation of being a sort of illegitimate currency. Unless it can really shake that off, I can’t imagine PayPal widely adopting it.

As for whether or not that will ever happen… I don’t know. Honestly, it’s hard to tell. I mean, in today’s world of technology and trends, things continuously come and go. I’d like to think that, if given enough time, BitCoin will certainly get rid of its reputation and will be accepted with open arms by PayPal, but honestly, it’s hard to believe that in 10-20 years either BitCoin OR PayPal will still be as relevant as they are today. Who knows, maybe in the year 2036 we’re going to be discussing whether MoneyBuddy will adopt MemeGold in the near future. You know, if the world’s economy hasn’t completely collapsed by then.

Gambling with Bitcoins: How to Find a Safe Casino

casinoCan we all agree that bitcoin are pretty great? I mean, the fact that they belong to the Internet (and as such – to everyone and no one) rather than to a particular country or nation alone elevates them to several magnitudes above traditional currencies. Remember what happened to the British pound right after Brexit? It plummeted to the ground, and many Brits living abroad suddenly found their currency devalued to the point where they couldn’t even pay for rent anymore. Honestly, I can’t really imagine anything similar happening to bitcoin, since it’s so very disconnected from the real world. Tomorrow we could find out who invented bitcoin and discover that he’s the true assassin of Kennedy, and it wouldn’t affect the currency one tiny bit! And let’s not forget that you can actually get bitcoin for free by “mining” them, providing part of your machine’s resources in return for a small amount of bitcoin? When you consider all of that, it’s not exactly a stretch to assume that many people would want to use bitcoin for their day to day transactions. Some websites around the world have caught onto this and have opened their doors to the currency, and in many cities across the globe there are even terminals that you can use to pay your bills with bitcoin! But unfortunately, progress has been slow, and many of the biggest online retailers have yet to join in on the trend.

The same holds true for online casinos – one of Internet lurkers’ most beloved pastimes. If you go to any of the bigger online casinos in your country/area, chances are that none of them support deposits made with bitcoin – and if by some stroke of luck the planets have aligned and one does, they will most certainly not allow you to withdraw your winnings into a bitcoin account, which sucks. Bitcoin is the currency of the future, and it kind of sucks that so many of these big businesses are just refusing to accept it, but that’s a rant for another time. Anyway, just googling “online casinos that accept bitcoin” isn’t really going to take you far, since you never know if the casino in question is legitimate or not. Sure, bitcoin are great, but they’re also used for lots of illegal activities due to their untraceable nature, such as buying drugs. It’s not uncommon for unregistered and unregulated casinos to start using bitcoin, as that makes them harder to get tracked and shut down. Naturally, you do NOT want to get anywhere near illegal casinos, since at best you’ll lose your money, and at worst you might even get arrested.

Hmm, if only there was some kind of way to know what casinos that accept bitcoin are legal and which are not… Oh, wait! There absolutely is, and it’s actually pretty convenient and simple – you can find some good bitcoin casino reviews here that are going to tell you exactly which casinos are trustworthy and where you should try your luck. I don’t mean to sound like an infomercial here (at least not a bad one – more “Slap Chop”, less “Shake Weight”), but that’s not all – they also give you all of the necessary information you’d need from a standard casino review, such as the amount of games, the software they run on, etc. It’s actually some pretty great stuff that encompasses a large variety of casinos and markets, so if you’re ever doubtful about a Bitcoin casino, or just looking for one to start at, I’d definitely recommend checking the reviews!

Welcome

bitcoinWe don’t really know all that much about BitCoin. We don’t know who made it (there are theories, but nothing proven), we don’t know the exact infrastructure by which it functions, hell, we don’t even know why exactly it exists in the first place. All we know is that it does, in fact, exist, and every year more and more people are dedicating their businesses to it in some form or another. Some build establishments to “mine” bitcoin, others have merely began accepting BitCoin transactions within their establishments. And while most of the people working with BitCoin run smaller businesses, for the first time we’re starting to see some bigger companies accepting the currency, which is absolutely groundbreaking. Especially considering how much its value has dropped this year, it’s nothing short of impressive that BitCoin remains as strong as it is when it comes to its presence.

Hello, my name is Lewis Nixon, and I’m a market analyst from Leicester, UK. Just like many others in my profession, I’ve been monitoring the rise and fall (and, hopefully, the eventual rise again) of various e-currencies, such as BitCoin, LiteCoin, PeerCoin, and… Yes, even DogeCoin. I’m truly fascinated by these cryptocurrencies and the promise that they offer, and I truly believe that they’re worth a closer examination and monitoring, since we might very well be looking at the early days of the future of currency in general. On this blog, I’ll be posting various news articles, reports, analyses and statistics directly related to e-currencies in an attempt to keep everyone up to date on the latest developments in that area. I hope you’ll join me on this journey into the world of cryptocurrency and, hopefully, we can keep learning new things along the way.