Topic: PayPal cryptocurrency trading volume beyond expectations (Read 914 times)
It's time for Paypal to adopt bitcoin, I'm sure if you still rely on conventional systems then paypal will die, it has been proven that the influence of bitcoin is getting stronger and affects many things, I'm sure if paypal immediately accepts cryptocurrencies and presents trading features it will make paypal able to compete with top exchanges at the moment.
Beyond whose expectations? At this point in time most people have heard about crypto, bitcoin and the stories about millionaires and fortunes made in a few years are flying around like tales of wonderland. I would expect at least a 30% of the total trade of crypto to be people that do not really know much about it taking small stakes in the most commonly known cryptos. Paypal has an immense advantage due to market dominance and millions of people having an account preexisting.
In the fourth quarter, payment giant PayPal attracted 16 million new customers and processed payments worth $277 billion. According to CEO Dan Shulman, the company is actively investing in the cryptocurrency division, which more than met expectations.
PayPal's total revenue for the fourth quarter increased by 23% to $6.12 billion in the fourth quarter. The financial results were positively impacted by the support for cryptocurrencies, which appeared for PayPal customers in the United States on November 12.
PayPal's declares its uniqueness and therefore inevitably leads to profit, but whether this is really so in the end we will decide
Now: Centralization reports on profit and decentralization shows a growing volume and on which side you will decide
PayPal's total revenue for the fourth quarter increased by 23% to $6.12 billion in the fourth quarter. The financial results were positively impacted by the support for cryptocurrencies, which appeared for PayPal customers in the United States on November 12.
PayPal's declares its uniqueness and therefore inevitably leads to profit, but whether this is really so in the end we will decide
Now: Centralization reports on profit and decentralization shows a growing volume and on which side you will decide
It's nice to see the quarterly figures rising and we all knew that Paypal was going to be a big player once they launched it - Bitcoin has only been getting more good news since that time so we can expect to see higher amounts at the next publication. Paypal certainly isn't unique but they did have a huge customer base that they could push cryptocurrency towards and everyone wants a piece of it right now. Other payment networks will also be getting the memo now that they need to build up similar infrastructure if they want to open up a whole new area of transaction fees, as it is going to be extremely lucrative for the earliest players.
[quote
Would this mean that we could use Paypal to buy stuff with bitcoin on amazon? If that is the case then we could say that there is technically a method that we could use on amazon but if that is not the case then I do not know why it is even here. I get that it is not something that we would all love to see constantly, it is something that I would stay away as much as possible if I could because I hate paypal, but if they really offer a bitcoin purchase on amazon option then I may reconsider using paypal.
Would this mean that we could use Paypal to buy stuff with bitcoin on amazon? If that is the case then we could say that there is technically a method that we could use on amazon but if that is not the case then I do not know why it is even here. I get that it is not something that we would all love to see constantly, it is something that I would stay away as much as possible if I could because I hate paypal, but if they really offer a bitcoin purchase on amazon option then I may reconsider using paypal.
I don't think that Bitcoin will be a direct medium of exchange in Venmo and Amazon transactions but rather an indirect transaction meaning that before being paid to amazon, I suspect that the crypto in it will be converted to fiat first for spending. Unfortunately I'm not a Paypal user because some of the main things that I don't think I deserve to have are the way you feel too.
PayPal has announced a partnership with Amazon, in which Amazon customers will be able to pay for purchases through the Venmo payment service. The opportunity will appear to users from the United States in 2022, the new feature will be available on the website and in the Amazon mobile app.
https://newsroom.paypal-corp.com/2021-11-08-PayPal-and-Amazon-to-Enable-Customers-to-Pay-with-Venmo-at-Checkout
Would this mean that we could use Paypal to buy stuff with bitcoin on amazon? If that is the case then we could say that there is technically a method that we could use on amazon but if that is not the case then I do not know why it is even here. I get that it is not something that we would all love to see constantly, it is something that I would stay away as much as possible if I could because I hate paypal, but if they really offer a bitcoin purchase on amazon option then I may reconsider using paypal.https://newsroom.paypal-corp.com/2021-11-08-PayPal-and-Amazon-to-Enable-Customers-to-Pay-with-Venmo-at-Checkout
The reason why I dislike them is the fact that they support scammers, you may sell something, and it would be really what you sell and then person could do a chargeback and you would be in debt let alone not earn anything plus you are now gone one item that you sent as well.
So because of Paypal, a scammer may cause me money+item together and because of that reason I stopped using them long time ago. However this amazon with crypto thing could make me go back, not as seller but as a buyer.
PayPal UK has officially announced that all its customers in the UK can now buy, sell and store cryptocurrencies, supported digital assets include Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Good news, I'm sure soon we can deposit and withdraw bitcoin and cryptocurrencies on a paypal account, it's time for paypal to adapt to changing times, if we don't adopt cryptocurrencies soon, users will leave and of course paypal will die.
PayPal UK has officially announced that all its customers in the UK can now buy, sell and store cryptocurrencies, supported digital assets include Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
^^^ So UK is the second country after the United States, where PayPal is allowing their users to purchase Bitcoin? I guess soon they will make Bitcoin available on their platform, in all the countries where it is 100% legal. This is proving to be mutually beneficial, to both the cryptocurrency users and to the PayPal shareholders. I am sure that the increase in PayPal quarterly profits is at least partially due to the inflow of funds from cryptocurrency users. The traditionalists are going to be disappointed, but ordinary Bitcoin users don't care. 
After PayPal's announcement about opening the possibility of buying, storing and selling cryptocurrency to customers from the UK, PayPal's trading volumes will increase even more. British PayPal users can make transactions with Bitcoin, Ethereum, Litecoin and Bitcoin Cash. They will also have access to educational content.
Dan Shulman, CEO of Pay Pal, said that the company's specialists have completed work on the code base of the initial version of their own crypto wallet, which will be integrated into the super app. According to him, PayPal intends to fully deploy the service in the US in the next few months.
Quote from: https://www.youtube.com/watch?v=mJNpLUBmj5s
PayPal has announced an increase in the limit on the purchase of cryptocurrencies for US customers from the current $20,000 to $100,000 per week. PayPal has promised to support efforts to increase user awareness of digital assets.
PayPal made it extremely easy to buy and sell a few cryptos without having to open another account somewhere and go through all that series of proof of Identity headache. It literally takes seconds and their account holders were already using the platform for many transactions.
The trading volume on Paypal is pretty good and it's a really good place to support crypto. The demand for cryptocurrency is increasing so people will use Paypal to exchange crypto more. In this case, both Paypal and the crypto market benefit. People have difficulty in using a credit card, bank to buy cryptocurrency so Paypal is a better and more frequent choice.
I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
It's good until your funds got locked out for no reason which is already happening for some users in PayPal so I don't think that it's best if we aren't fully happy with these news, I will still be cautious in using PayPal because not your key, not your coins right?I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
It's like sending money to Binance for trading, your keys and crypto belong to Binance.
Just like Binance, Paypal has allowed people to withdraw money to their wallets. You think Paypal will take your money right? They won't do it because they have a reputation and a company value of hundreds of billions of dollars.
The trading volume on Paypal is pretty good and it's a really good place to support crypto. The demand for cryptocurrency is increasing so people will use Paypal to exchange crypto more. In this case, both Paypal and the crypto market benefit. People have difficulty in using a credit card, bank to buy cryptocurrency so Paypal is a better and more frequent choice.
I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
It's good until your funds got locked out for no reason which is already happening for some users in PayPal so I don't think that it's best if we aren't fully happy with these news, I will still be cautious in using PayPal because not your key, not your coins right? I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
The trading volume on Paypal is pretty good and it's a really good place to support crypto. The demand for cryptocurrency is increasing so people will use Paypal to exchange crypto more. In this case, both Paypal and the crypto market benefit. People have difficulty in using a credit card, bank to buy cryptocurrency so Paypal is a better and more frequent choice.
I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
With this convenience, this will encourage PayPal to develop. we know that with the popularity of cryptocurrencies, it will increase the community, so the positive thing from paypal is to improve its services to provide access to cryptocurrencies I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
The trading volume on Paypal is pretty good and it's a really good place to support crypto. The demand for cryptocurrency is increasing so people will use Paypal to exchange crypto more. In this case, both Paypal and the crypto market benefit. People have difficulty in using a credit card, bank to buy cryptocurrency so Paypal is a better and more frequent choice.
I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
Paypal is one of those institutions that have adopted cryptocurrency because they have seen its potential and as an alternative mode of payment in transactions. Large volume of trading, buying, and selling is a great indicator that there are many people out there interested in what cryptocurrency has to offer. Maybe it paved a way for easy access to them, which explains why the volumetric rate of crypto users was beyond the expectation of the company and its old users.
I just hope Paypal is providing good service despite the surge of users on their platform. This trading volume surely gave and is still giving them a huge sum of money. I hope their aim on adopting crypto won't be just because of profit.
I just hope Paypal is providing good service despite the surge of users on their platform. This trading volume surely gave and is still giving them a huge sum of money. I hope their aim on adopting crypto won't be just because of profit.
Even now I could see a lot of negative comments against PayPal in this forum. People don't have an issue in storing their coins in an exchange wallet suddenly have a problem with using the cryptocurrency services provided by PayPal. Now with the added option of withdrawing the coins to a third party wallet, none of these arguments makes sense. I am not a big fan of PayPal. The last time I used their service was ten years ago. But still, I need to say that PayPal has made cryptocurrency more accessible to tens of millions of people.
According to the company's vice president Jose Fernandez da Ponte, PayPal will add the ability to withdraw cryptocurrencies to third-party wallets, the function of withdrawing digital assets is under development. He did not specify when exactly it will appear on the platform. https://www.coindesk.com/paypal-will-let-customers-withdraw-crypto-exec-says
"We want to give our customers a choice, something that allows them to pay in any way they prefer. They want to bring their cryptocurrency to us to use it for purchases, and we want them to be able to take the funds received through us and withdraw them to any place of their choice"
Oh so we will have cryptocurrency as one of the method payment? or we can only withdraw and receive cryptocurrency and converting it into fiat? I'm not quite understand yet, however this is a good news. Paypal is well known, and a big platform, so of course this will be really beneficial for bitcoin, it can make people able to use bitcoin easily, since paypal is now helping us. I hope there will be more news regarding this soon, and we will know when it will appear on Paypal, can't wait!
According to the company's vice president Jose Fernandez da Ponte, PayPal will add the ability to withdraw cryptocurrencies to third-party wallets, the function of withdrawing digital assets is under development. He did not specify when exactly it will appear on the platform. https://www.coindesk.com/paypal-will-let-customers-withdraw-crypto-exec-says
"We want to give our customers a choice, something that allows them to pay in any way they prefer. They want to bring their cryptocurrency to us to use it for purchases, and we want them to be able to take the funds received through us and withdraw them to any place of their choice"
Jump to: