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Topic: Do you think this is can bring good drive to crypto market - page 2. (Read 221 times)

hero member
Activity: 2632
Merit: 833
The news seems to be very positive, but we have to look at the current market sentiments and I would say that it will have no impact at all on the price of crypto. This kind of news is good in paper, but most of the time, investors are going to hold and still be reluctant. Paypal is a still a 3rd party service, so we don't have control, they will support it, but what happens if they flag some suspicious activity?
legendary
Activity: 2534
Merit: 1338
Actually the impact that will be caused to the market must be there. What is certain is that the price will rise, due to increased demand.This is because people who don't understand how to buy Bitcoin, Ethereum, Bitcoin Cash or Litecoin they will be able to have it easily, just by using this Paypal APP
Sometimes things are not that straightforward, while a news like this is without a doubt a good one the markets do not automatically react in the way we expect, after all the whales have a lot of say when it comes to the movements of bitcoin and if they do not feel like supporting a positive movement right now then we cannot expect the price to move upwards for long, however over the long term this should attract more people to this market and this is without a doubt a good thing.
copper member
Activity: 1988
Merit: 905
Part of AOBT - English Translator to Indonesia
People who like paypal and like crypto will very happy. adding ethereum is already good tho the EVM token will be much easier to add later. and why you guys hate so much bitcoin cash  Grin I mean its way better than bsv I'm using it as payment too. The bch market still at top 50 and maybe there a lot of exchange support it for better liquidity

maybe Paypal bring this to all members because I don't see any crypto in here indonesia
legendary
Activity: 2366
Merit: 1206
Yes, possible.
Since PayPal allowed users to withdraw their coins to an external wallet.

This can bring a good impact on the market price since Paypal is also a large company.  But those people who only don't know how to purchase crypto in a better way, IMO, I don't like to use Paypal since they are heavily KYC required and also have high fees for purchase and sell amount.

All in all, it's still good news.
hero member
Activity: 2898
Merit: 520
Leading Crypto Sports Betting & Casino Platform
Adding bitcoin cash seems to be a wrong step for that but yeah it was making people can spend or use crypto like bitcoin and ethereum in their mobile app but since bitcoin cash was appearing in the list and that doesn't sound good at all. Paypal did a good job for that but that would better if this payment service was removing the name of bitcoin cash from the list. that would be more attractive rather than mentioning shady scam coin like that to be supported by paypal mobile.
member
Activity: 789
Merit: 10
News like this can be said to have a good impact, of course with accurate information this will give a little good hope for the development of crypto so that it can be said that it will have a positive impact in the future. Hopefully in the future there will be more large platforms that support using crypto coins.
sr. member
Activity: 1596
Merit: 264
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I thought this was only a joke back in the days, but Paypal really did it this time, huh. I was not expecting them to adopt Bitcoin, since I believe that payment processors won't just accept something or adopt something that is usually volatile in terms of price.
I did not expect other coins to be adopted though.
full member
Activity: 700
Merit: 182
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Look PayPal is the world's most used and trusted payment app, which means it is related to finance. So anyone who has used paypay has money, and if they want, they can invest some of it in cryptocurrency. Just think that because of this update, lots of people have known about crypto, and we believe that if more people know about bitcoin, then more people will be interested in investing in bitcoin and crypto. Then, no matter if they are interested in investing, they might be used by other exchanges to buy other crypto too. So yeah, it's obviously good. That's my opinion. Thank you.
legendary
Activity: 2450
Merit: 1225
Yes.

More people coming to crypto more volume can be made, remember comparing to the wall strea market. Our marketcap crypto is only 1% we need adoption as much we can from around the world.

As long bring a positive side, then is gonna to give a good impact in the long term.
member
Activity: 271
Merit: 14
1. Bitcoin
2. Ethereum
3. Bitcoin Cash.
4. Litecoin

For what reason did PayPal include Bitcoin Cash, if they have already entered Bitcoin it's better not to have to put in dead fork coins. Maybe Ethereum will cost money but after Ethereum 0.2 it will be a bit different. But I tend if PayPal just BTC, ETH, and LITECOIN is a good alternative, or maybe BNB and Stablecoin for more variety.
Bitcoin cash is not dead yet, also this project can make a big comeback in future who knows? I have use Bitcoin cash to make a payment few times before and I kinda like it better than Bitcoin.
hero member
Activity: 1974
Merit: 591
Leading Crypto Sports Betting & Casino Platform
1. Bitcoin
2. Ethereum
3. Bitcoin Cash.
4. Litecoin

For what reason did PayPal include Bitcoin Cash, if they have already entered Bitcoin it's better not to have to put in dead fork coins. Maybe Ethereum will cost money but after Ethereum 0.2 it will be a bit different. But I tend if PayPal just BTC, ETH, and LITECOIN is a good alternative, or maybe BNB and Stablecoin for more variety.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
That's good but. The only question is why should paypal add fork coin like bitcoin cash which was very shady to the its list of accepted cryptocurrency in the platform via mobile app? that looks so weird and this time people rarely using this fork coin anymore.
They are focusing into first or second layer blockchain which were very cheap compared with that fork coin. That questions may become a big question for anyone.
Litecoin is good enough compared with bitcoin cash.
member
Activity: 271
Merit: 14
Pay Pal just added support for the following on its platform via mobile app

1. Bitcoin
2. Ethereum
3. Bitcoin Cash.
4. Litecoin

Do you think this can have any good impact on the market?

https://paypal.com/us/digital-wallet/manage-money/crypto
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