difference between paypal and bitcoin
Increasingly, online payments are increasingly being used. Moreover, Indonesia has succeeded in being ranked as the world's top three digital tourists.
Managing Director of Asia Pacific Travelport, Mark Meehan, said Indonesian tourists really like and appreciate good digital experiences. Therefore, most of the Indonesian people are always updated about the growing digital trends.
Even if you don't use it directly, you will at least need it to understand digital development. One of them is bitcoin and paypal which is very popular among millennials.
Already know what is the difference between them? If not, see the following review.
1. What is paypal?
Paypal is an online payment system that has been used globally. Founded by Peter Thiel and Max Levchin, paypal has been actively used since 1999.
Paypal is the third person or broker that handles transactions online. During this time, paypal is known to have a process that is fairly fast and safe.
2. Then, what about bitcoin?
Actually bitcoin also has the same role in online payment methods. The difference is that bitcoin also plays a dual role as electronic money that can be used on certain sites.
Someone better known as Satoshi Nakamoto (pseudonym) is the figure behind the success of bitcoin. Since 2009, he has succeeded in making bitcoin the highest currency in the world.
3. The fundamental difference between bitcoin and paypal
The main function of bitcoin is crypto currency that is used as an online payment tool. Bitcoin has its own currency symbol, namely BTC.
As virtual money, bitcoin has a fairly expensive exchange rate. The value of 1 bitcoin can reach Rp 200 million. The circulation of bitcoin is very limited, there are only around 21 million worldwide. With such restrictions, bitcoin prices will tend to continue to rise.
Unfortunately, not all countries allow bitcoin to be traded freely.
4. The main benefits of paypal for online transactions
While paypal functions more as an online payment system such as Webmoney and Fasapay. Paypal tends to provide transaction processing facilities between users who have an online wallet.
Not limited to one currency, paypal accepts various types of currencies according to the user's preferences. If you choose dollars, then every money you put into it will be converted automatically.
5. Which is safer between bitcoin and paypal?
Although highly favored in investment, bitcoin is more worrying. Even though you get access to the server, you have to be brave enough to take the risk.
Of course, slowly it does not rule out the possibility of more and more hackers who are starting to glance at the advantages of bitcoin. So, they could plan to hack a bitcoin system.While e-payment security depends on the type of broker you use. Globally, paypal is more favored in its credibility and security. The protection of the client's identity is also very well maintained in order to smooth the users.
PayPal is a business entity, so it's no wonder that he applies many strategies. The goal is to maximize the marketing of its products.
6. Regulations regarding bitcoin and paypal in Indonesia
The use of paypal can also be juxtaposed with the use of credit cards. Therefore, you can use paypal freely and there is no ban from the government.
It's just that you have to limit yourself so that you don't darken your eyes, and use them excessively.
Unlike bitcoin, many countries have banned it. Like Indonesia, China and Korea. For the government, bitcoin is at risk for terrorism, money laundering, prostitution, and drug trafficking.
Although it has not yet been formalized, Onny Widjanarko, Head of the Bank Indonesia Transformation Program Center, said that electronic money that will come out in the near future will be regulated, one of which is about bitcoin.
"At present there are no clear rules if people conduct bitcoin transactions," said Onny.
Well, that's the information you have to understand about the current online transaction trends. So, have you ever used the benefits of bitcoin or paypal? The story in the comments column.
Managing Director of Asia Pacific Travelport, Mark Meehan, said Indonesian tourists really like and appreciate good digital experiences. Therefore, most of the Indonesian people are always updated about the growing digital trends.
Even if you don't use it directly, you will at least need it to understand digital development. One of them is bitcoin and paypal which is very popular among millennials.
Already know what is the difference between them? If not, see the following review.
1. What is paypal?
Paypal is an online payment system that has been used globally. Founded by Peter Thiel and Max Levchin, paypal has been actively used since 1999.
Paypal is the third person or broker that handles transactions online. During this time, paypal is known to have a process that is fairly fast and safe.
2. Then, what about bitcoin?
Actually bitcoin also has the same role in online payment methods. The difference is that bitcoin also plays a dual role as electronic money that can be used on certain sites.
Someone better known as Satoshi Nakamoto (pseudonym) is the figure behind the success of bitcoin. Since 2009, he has succeeded in making bitcoin the highest currency in the world.
3. The fundamental difference between bitcoin and paypal
The main function of bitcoin is crypto currency that is used as an online payment tool. Bitcoin has its own currency symbol, namely BTC.
As virtual money, bitcoin has a fairly expensive exchange rate. The value of 1 bitcoin can reach Rp 200 million. The circulation of bitcoin is very limited, there are only around 21 million worldwide. With such restrictions, bitcoin prices will tend to continue to rise.
Unfortunately, not all countries allow bitcoin to be traded freely.
4. The main benefits of paypal for online transactions
While paypal functions more as an online payment system such as Webmoney and Fasapay. Paypal tends to provide transaction processing facilities between users who have an online wallet.
Not limited to one currency, paypal accepts various types of currencies according to the user's preferences. If you choose dollars, then every money you put into it will be converted automatically.
5. Which is safer between bitcoin and paypal?
Although highly favored in investment, bitcoin is more worrying. Even though you get access to the server, you have to be brave enough to take the risk.
Of course, slowly it does not rule out the possibility of more and more hackers who are starting to glance at the advantages of bitcoin. So, they could plan to hack a bitcoin system.While e-payment security depends on the type of broker you use. Globally, paypal is more favored in its credibility and security. The protection of the client's identity is also very well maintained in order to smooth the users.
PayPal is a business entity, so it's no wonder that he applies many strategies. The goal is to maximize the marketing of its products.
6. Regulations regarding bitcoin and paypal in Indonesia
The use of paypal can also be juxtaposed with the use of credit cards. Therefore, you can use paypal freely and there is no ban from the government.
It's just that you have to limit yourself so that you don't darken your eyes, and use them excessively.
Unlike bitcoin, many countries have banned it. Like Indonesia, China and Korea. For the government, bitcoin is at risk for terrorism, money laundering, prostitution, and drug trafficking.
Although it has not yet been formalized, Onny Widjanarko, Head of the Bank Indonesia Transformation Program Center, said that electronic money that will come out in the near future will be regulated, one of which is about bitcoin.
"At present there are no clear rules if people conduct bitcoin transactions," said Onny.
Well, that's the information you have to understand about the current online transaction trends. So, have you ever used the benefits of bitcoin or paypal? The story in the comments column.
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