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Topic: 325 million new potential users (Read 448 times)
In my opinion, everyone who want to buy bitcoin dont need paypal support for this. This new feature wont give us a lot of new users
Obviously there are a lot of options out there, like exchanges, P2P, localbitcoins etc. What Paypal is trying to do is more on their business side, offering bitcoin or crypto will generate them a lot of money and at long last, if this is true, then it can potentially push the price and closer to adoption as there are a lot of Paypal users around the globe.
Why do you say though that it won't give us a lot of new users? Crypto enthusiast are growing by the numbers and those that have Paypal and doesn't know about crypto must likely be interested, not all but there could be some good percentage out of that 325 million Paypal users.
I would be happy because it is a way for people to use digital currencies instead of selling them directly and then transfer them to the bank account.
Perhaps with Paypal you will find many ways to buy and sell digital currencies faster and easier.
In the future we will see more sectors that want to invest and many of them may want digital currencies if they hope to succeed with Paypal.
Perhaps with Paypal you will find many ways to buy and sell digital currencies faster and easier.
In the future we will see more sectors that want to invest and many of them may want digital currencies if they hope to succeed with Paypal.
If this would really happen then we would see a massive price increase due to the potential new investors.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.
PayPal has a big problem with customers support and this will be a Major issue we should talk aboutBut we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.
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and not just the numbers coming to join the existing ones. Remember they are likely to operate onchian which will have a side effect on the network,
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if they will build their own Blockchain will be an added advantage to the cryptocurrency world. Also, those millions should not hold their coins with PayPal because of scam rather everyone should hold to their wallets.
Why they need to Hold via paypal?when they can hold in their own wallet.
In my opinion, everyone who want to buy bitcoin dont need paypal support for this. This new feature wont give us a lot of new users
If this would really happen then we would see a massive price increase due to the potential new investors.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.
PayPal has a big problem with customers support and this will be a Major issue we should talk about and not just the numbers coming to join the existing ones. Remember they are likely to operate onchian which will have a side effect on the network, if they will build their own Blockchain will be an added advantage to the cryptocurrency world. Also, those millions should not hold their coins with PayPal because of scam rather everyone should hold to their wallets. But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.
These rumours of PayPal accepting or dealing with Bitcoin have been going on as long as I've been on this forum. The new round of speculation seems to be based on nothing concrete but yet more rumours as well. I think Paypal should get on board as it shouldn't be that difficulty for them to implement and it would open them up to a whole industry where they can make a lot more money on fees (which I'm sure would be large).
Of course they would be potential users, but you're right that most Paypal users probably don't care but at least if they did implement it it would pique the interest of the average user and maybe make it safe and accessible for them to be able to buy crypto. To the average person on the street a lot of people think getting into bitcoin is overly complicated but in reality it's pretty much as simple as using PayPal and that could open it up to potentially a lot of users and especially ones who otherwise wouldn't have cared or bothered. Even though I'm very sceptical of this news I do hope they implement it as some point as it would be huge for adoption but I'm not holding my breath.
I don't think all these 325 are really potential users. But half of them might be interested.
Of course they would be potential users, but you're right that most Paypal users probably don't care but at least if they did implement it it would pique the interest of the average user and maybe make it safe and accessible for them to be able to buy crypto. To the average person on the street a lot of people think getting into bitcoin is overly complicated but in reality it's pretty much as simple as using PayPal and that could open it up to potentially a lot of users and especially ones who otherwise wouldn't have cared or bothered. Even though I'm very sceptical of this news I do hope they implement it as some point as it would be huge for adoption but I'm not holding my breath.
PayPal users are too many, and with their partnership with Binance, buying cryptocurrency such as bitcoin will be faster and easier. If I am not mistaken, this is the first time that they will allow a directsales of cryptocurrency through PayPal, IMO, cryptos availability would be limited, but the fact that people around the world will have access to bitcoin is enough for us to spread this news today.
You might want to provide more info in this thread OP.
You might want to provide more info in this thread OP.
According to coindesk, PP has 325 million users, according to cointelegraph - 305 million 
While in reality it's really 325, did they change number to make their article appear a little bit different and "relevant"? Sounds curious.
Well this maybe a typo error because only the middle number change,and also how do we know the reality when this is only about their stats and cannot be find by public. While in reality it's really 325, did they change number to make their article appear a little bit different and "relevant"? Sounds curious.Well, I wouldn't say that we get 325 potential crypto users
Of course we will not sure about that 325 million user because i think part of that users are already Bitcoin users so there is no assurance that 325 million is the right number to talk here.~snip~
Nice image But Japan almost on bottom?seems like the respondent are not from the true users of Crypto.
Idea behind integration of blockchain in paypal was never to bring customers to bitcoin but to increase number of their customers and attract exciting bitcoin customers to their servies. Maybe some of paypal's customers will have a look over bitcoin when they see this news in their email/paypal account.
They choose random 1000 person from each country. Btw this is very low number and doesn't give us any proper imagination cause for higher accuracy, they had to choose at least more than 1000 person from each city of each country.
Since I haven´t found that topic discussed, I decided to start this thread.
https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling
The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration
That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.
Your opinions on that news?
https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling
The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration
That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.
Your opinions on that news?
although this could be great publicity for bitcoin. but just thinking about the fees PayPal will charge and the transaction fee from the wallet scares me.
I don't think all these 325 are really potential users. But half of them might be interested.
the OP didn't say that all these PayPal users will become bitcoin user. that is why the OP used the word "potential" because all or some of these Paypal users could become a bitcoin user or all or some of them could just ignore bitcoin.
It is good to hear that Paypal is seeking towards cryptocurrencies, Paypal is one of the largest electronic payment companies across the world, but I think they had long cooperation with the Coinbase exchange where you could buy and sell cryptocurrencies via Coinbase and Paypal but I think this cooperation was not successful Significantly, PayPal adopts old centralized payment systems and I do not think they are going to change their policy towards decentralization.
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I have watched a video on youtube regarding this and this is just a "rumor" for now since the article isn't backed up by any trusted sources.
Well, if this will happen then this will be a very huge catalyst for the price of Bitcoin. It will spike that much because this is a good news for all of the users and Paypal users that are involved in cryptospace. I've seen this news already for around 2-3 years ago regarding this but it didn't happen but now it came up again. Not expecting too much with this but if this will be implemented then good.
Well, if this will happen then this will be a very huge catalyst for the price of Bitcoin. It will spike that much because this is a good news for all of the users and Paypal users that are involved in cryptospace. I've seen this news already for around 2-3 years ago regarding this but it didn't happen but now it came up again. Not expecting too much with this but if this will be implemented then good
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Looks like this is the cause of today and yesterday's pump. People are always counting their money before PayPal have even made an announcement yet.
It is more likely that they're just going to offer some simple checkout functionality for certain websites, rather than roll it out as a currency on the platform.
I wouldn't be surprised if this isn't just for apps or something using Paypal payment processing technology.
It is more likely that they're just going to offer some simple checkout functionality for certain websites, rather than roll it out as a currency on the platform.
I wouldn't be surprised if this isn't just for apps or something using Paypal payment processing technology.
If this would really happen then we would see a massive price increase due to the potential new investors.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.
That's right, if paypal is starting to support and integrate Bitcoin then this will certainly be a positive wave for the crypto industry. In fact, this alone will make other institutions alike reconsider their position of blockchain and crypto in general which in turn will lead not only to greater adaptability but also faster technology improvements. And that's worth looking forward to!
The number of users will grow every day, but at some point this growth will stop. We need new approaches to solving problems in the crypto industry. In addition, crypto should be more friendly to newcomers.
It will remain a rumor until such time that they decide that it's time to pull the curtains down and reveal what they are really planning. As of the moment, all hopes are up for Paypal to actually consider what was deemed as 'ridiculous' by institutional investors back then: a fully working bitcoin integration on a traditional online payment processor. Just imagine the sheer amount of users that could potentially leap the boundary they thought they could never cross due to some restrictions and difficulty to comply with documents. It'll be easy and seamless with Paypal, as most people probably know about it and trust it more than exchanges that traditionally buys and sells bitcoin.
For those thinking about the negative side of PayPal integrating bitcoin into their payment system should consider themselves be over hyping its side effects. The 325 millions haven't been with us and don't even know how to carryout simple transaction with bitcoin. Those numbers are those who used VisaCard and MasterCard, these cards can be use to purchase bitcoin and also equally for bitcoin spending. This will definitely help the bitcoin price to skyrocket in mean time.
Oh boy, here we go again. First, it was Libra and Facebook's +2 billion potential users that will come to the cryptosphere and that meant (according to many people) BTC to the moon and lambos for everyone.
Now it's Paypal, because they're 1) a big corporation, and 2) they have a huge userbase, and both items automatically make this "news" bullish, right? not only that but this is also "good for bitcoin and cryptos", correct?
You know, there was a time when the majority of crypto users said that Paypal was shit, and anything that had the name paypal was met with criticism and whatnot, but nowadays, this news (Paypal entering the crypto world) is the kind of news that could trigger upward movements in the price because the new narrative is "we shall welcome Paypal or any other big corp with our open arms for it means my crypto bags getting pumped" sad but true
interesting how most of the countries with two digits percentage are not "first world countries"
Now it's Paypal, because they're 1) a big corporation, and 2) they have a huge userbase, and both items automatically make this "news" bullish, right? not only that but this is also "good for bitcoin and cryptos", correct?
You know, there was a time when the majority of crypto users said that Paypal was shit, and anything that had the name paypal was met with criticism and whatnot, but nowadays, this news (Paypal entering the crypto world) is the kind of news that could trigger upward movements in the price because the new narrative is "we shall welcome Paypal or any other big corp with our open arms for it means my crypto bags getting pumped" sad but true
interesting how most of the countries with two digits percentage are not "first world countries"
Whenever there is known company attempting to use crypto, people go wild for the reason that they may contribute with the increase of price in the market. And if the media caught it, those noncrypto users will suddenly be interested on checking this out. So not bad for crypto users like us, more adoption means more demand and so its price will perform better.
Centralized ownership/control of cryptocurrency doesn't really interest me. That is one of crypto biggest problems or risk most people hardly talk about. I would be careful investing long-term in cryptocurrency with lot of centrally controlled coins and projects.
My favourite cryptocurrency would be that with well decentralized system/ecosystem, with mostly decentralized projects, and with most users having full control of their funds in well decentralized manner.
My favourite cryptocurrency would be that with well decentralized system/ecosystem, with mostly decentralized projects, and with most users having full control of their funds in well decentralized manner.
I don't like all these talks about "potential users", when the first block was mined Bitcoin already had 7 billion potential users, because anyone in the world can install a Bitcoin client and send and receive transactions. The ability to buy Bitcoin with any given method only slightly increases adoption, because people have lots of other methods available - banks, cash, other payment companies.
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