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>with less transaction fees and a better api Bitcoin has significantly higher transaction fees than paypal and a much less mature, much harder to use API.
by annabellish 9y ago
>with less transaction fees and a better api
Bitcoin has significantly higher transaction fees than paypal and a much less mature, much harder to use API.
- popol12 9y agoCurrently, fees are rock bottom, like 3 cents for typical transactions. And it should last, with Segwit's activation very soon.
- ojr 9y agoYou can't send money to multiple people using paypal without being approved by PayPal and with KYC and other regulatory laws there's a lot of friction using paypal send api with bitcoin on the other hand, no permission is needed that is way I think bitcoin has an easier api, I'm not referring to the actual C++ bitcoin api but there are javascript api clients to Bitcoin that are dev friendly. Bitcoin transaction fees are high? (Around $1 per transaction at the moment) versus 2.9% of the total with paypal. It is even cheaper with Ethereum which fall under the bitcoin umbrella.