This shows nothing regarding crypto. The increase in paypals profits are not about the crypto acceptance, I believe it is fully about the fact that we are in a pandemic and that is the main reason, it doesn't mean that we should be doing anything that would shock the world, it just means that paypal has profited a lot from people staying at home and making purchases online instead of anywhere else. This is why it was not something I was baffled by.
If you think this is about crypto, you haven't paid attention to outside in the past 1 year, everyone is either dying or living with the risk of dying and that is just way too much risk and we shouldn't forget that when we are talking about online related business'. Look at Amazon, during a period when everyone was doing horrible, those guys managed to actually make an awful lot of profit all because they were capable of delivering during lockdowns.
Topic: PayPal cryptocurrency trading volume beyond expectations - page 2. (Read 1002 times)
Revenue increased by 31%, from $4.62 billion to $6.03 billion.
If it is all about net revenue then paypal must be doing great just because of adopting cryptocurrencies. They themselves declared about the performance as the strongest results in their history which might be alarming to others to think about incorporate cryptocurrencies at any possible manner so that they could enjoy good revenue by adding new set of customers for their business. Not sure how many of other market giants to start think about adding cryptos into their business model.I just wonder why payapl did not add cryptos to their business last year but along with on going bull run. I mean if they have added last year itself then we might have started bull run earlier than usual which might have led to have bigger ATH than usual
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Revenue increased by 31%, from $4.62 billion to $6.03 billion.
If it is all about net revenue then paypal must be doing great just because of adopting cryptocurrencies. They themselves declared about the performance as the strongest results in their history which might be alarming to others to think about incorporate cryptocurrencies at any possible manner so that they could enjoy good revenue by adding new set of customers for their business. Not sure how many of other market giants to start think about adding cryptos into their business model.I just wonder why payapl did not add cryptos to their business last year but along with on going bull run. I mean if they have added last year itself then we might have started bull run earlier than usual which might have led to have bigger ATH than usual
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PayPal reported for the first quarter of 2021. According to the report, GAAP profit increased from $84 million to $1.1 billion, adjusted profit by 85%, from $786 million to $1.5 billion. Revenue increased by 31%, from $4.62 billion to $6.03 billion. The total volume of payments on PayPal in the first three months of the year increased by 50%, to $285 billion. The number of active users increased by 14.5 million to 392 million people https://s1.q4cdn.com/633035571/files/doc_financials/2021/q1/Q1-21-PayPal-Earnings-Release.pdf
Quote from: https://s1.q4cdn.com/633035571/files/doc_financials/2021/q1/Q1-21-PayPal-Earnings-Release.pdf
Do we know Paypal Bitcoin wallet or wallets? And how many Bitcoins is on them. If they will just show us numbers how much Bitcoin people bought on their platform is very silly. Bitcoin have transparent ledger so they can prof their holdings very easy. Bigger problem will be to prove how much Bitcoins their customers really have. And if those numbers match.
Centralization reports on profit and decentralization shows a growing volume and on which side you will decide
I am not seeing big differences between profit levels and volumes as both might get us the same things. So, getting into decentralization for privacy and freedom reasons will make sense to me. I am just wondering how wise paypal is on deciding a timely decisions to adopt cryptos into their business. Because, that must be the core reason why they have up surge in their revenue.At the same time, I feel pathetic for the people who never gets time to think beyond paypal. It shows lots people still must need enlightenment on latest technological improvements. The bad part is paypal's cruel policies are not still a big concern for most people, it seems.
I also think that it is a positive impact for users in Paypal and therefore in bitcoin because as more people know how to make use of bitcoin and using the services that Paypal offers, it is a great success for her as a leader in the industry.
In this time of crisis it is necessary to unite all efforts so that the economy runs its course for the benefit of all.
Right, if we just don't accept that the company is doing initiative to have more users become curious with bitcoin then we won't go anywhere. I have my problems with PayPal but I love that they are going beyond in terms of crypto usage.In this time of crisis it is necessary to unite all efforts so that the economy runs its course for the benefit of all.
Is it possible that paypal is experiencing good things because the price of Bitcoin and other virtual currencies has increased in price? This could be one of the benefits of Bitcoin and other coins. But I hope it will last a long time or have a more surprising rise than this to see the benefits that can be felt in other things.
I also think that it is a positive impact for users in Paypal and therefore in bitcoin because as more people know how to make use of bitcoin and using the services that Paypal offers, it is a great success for her as a leader in the industry.
In this time of crisis it is necessary to unite all efforts so that the economy runs its course for the benefit of all.
Right, if we just don't accept that the company is doing initiative to have more users become curious with bitcoin then we won't go anywhere. I have my problems with PayPal but I love that they are going beyond in terms of crypto usage. In this time of crisis it is necessary to unite all efforts so that the economy runs its course for the benefit of all.
PayPal is supposedly exploring the possibility of launching its own stablecoin. This is reported by The Block, citing sources familiar with the situation. A PayPal representative in a comment to The Block said that the firm continues to explore the potential of digital currencies and infrastructure https://www.theblockcrypto.com/post/103617/paypal-has-held-exploratory-talks-about-launching-a-stablecoin-sources
"It looks like they are more likely to do something with an existing stablecoin partner rather than build something themselves, because I think it will bring something to market faster, and I think that's their main concern"
I wonder that PayPal's big-name really gives an influence on this.
however, can we still not able to withdraw cryptocurrency from PayPal? So we only can only trade crypto there and then converting or using it to buy certain products or convert to fiat at that platform in able to withdraw it?
I am wondering how PayPal progress will be for cryptocurrency
however, can we still not able to withdraw cryptocurrency from PayPal? So we only can only trade crypto there and then converting or using it to buy certain products or convert to fiat at that platform in able to withdraw it?
I am wondering how PayPal progress will be for cryptocurrency
A lot of people have already mentioned this, and I think PayPal will enable cryptocurrency withdrawals sometime in this year. One issue that may of concern is the strict KYC requirements for cryptocurrency transactions that are required. As long as someone is buying cryptocurrency and selling it within the PayPal platform, this issue doesn't arise. However, transferring to a personal wallet may be more complicated when compared to this.
I wonder that PayPal's big-name really gives an influence on this.
There are many users that are still using the PayPal services and they have a huge user base than any other service and hence their adoption is a big influence in the market. however, can we still not able to withdraw cryptocurrency from PayPal? So we only can only trade crypto there and then converting or using it to buy certain products or convert to fiat at that platform in able to withdraw it?
It is said that paypal will add the withdraw feature soon, right now you can purchase things using the coins you are holding, i need to check the fees and everything to see whether it is feasible for small amounts either way we might see more changes in the platform.I am wondering how PayPal progress will be for cryptocurrency
Merchant adoption as we might see more merchants accepting bitcoin. 
I wonder that PayPal's big-name really gives an influence on this.
however, can we still not able to withdraw cryptocurrency from PayPal? So we only can only trade crypto there and then converting or using it to buy certain products or convert to fiat at that platform in able to withdraw it?
I am wondering how PayPal progress will be for cryptocurrency
however, can we still not able to withdraw cryptocurrency from PayPal? So we only can only trade crypto there and then converting or using it to buy certain products or convert to fiat at that platform in able to withdraw it?
I am wondering how PayPal progress will be for cryptocurrency
I also think that it is a positive impact for users in Paypal and therefore in bitcoin because as more people know how to make use of bitcoin and using the services that Paypal offers, it is a great success for her as a leader in the industry.
In this time of crisis it is necessary to unite all efforts so that the economy runs its course for the benefit of all.
In this time of crisis it is necessary to unite all efforts so that the economy runs its course for the benefit of all.
I think this is way expected in the long run. Think about this guys! Paypal has millions of users around the world since it was introduced to the public for more than 2 decades. I’ve been a Paypal user since 2009, but shifted to Bitcoin in mid-2017. However, I was still using Paypal for my monthly subscription such as Canva, Zoom, etc.
Paypal adopted Bitcoin and cryptocurrencies since last year, and it was really expected that there will be a gradual growth of the number of users who are using Paypal to store and trade cryptocurrencies. It was indeed beyond expectations, and I have no doubts that it will continue to gradually grow in the next few years.
Paypal adopted Bitcoin and cryptocurrencies since last year, and it was really expected that there will be a gradual growth of the number of users who are using Paypal to store and trade cryptocurrencies. It was indeed beyond expectations, and I have no doubts that it will continue to gradually grow in the next few years.
I actually do agree with you that it's expected and it's what's meant to be. PayPal is giant company on its own and have quite a lot of users. With bitcoin, however, many of these users have a better alternative because many people want to pay less for transaction, want their anonymity and want to be free, so to say.
So with adoption of bitcoin by PayPal, it wasn't necessary any more to stop using PayPal. This means that the number of users of PayPal would increase tremendously.
I believe there will be gradual increase in the next few years and I hope you also know what this means for the crypto community.
I think this is way expected in the long run. Think about this guys! Paypal has millions of users around the world since it was introduced to the public for more than 2 decades. I’ve been a Paypal user since 2009, but shifted to Bitcoin in mid-2017. However, I was still using Paypal for my monthly subscription such as Canva, Zoom, etc.
Paypal adopted Bitcoin and cryptocurrencies since last year, and it was really expected that there will be a gradual growth of the number of users who are using Paypal to store and trade cryptocurrencies. It was indeed beyond expectations, and I have no doubts that it will continue to gradually grow in the next few years.
Paypal adopted Bitcoin and cryptocurrencies since last year, and it was really expected that there will be a gradual growth of the number of users who are using Paypal to store and trade cryptocurrencies. It was indeed beyond expectations, and I have no doubts that it will continue to gradually grow in the next few years.
Coinbase has allowed US residents to buy cryptocurrencies using PayPal, users can use debit cards and bank accounts linked to PayPal. The exchange has set a daily limit of up to $25,000, fee will be 3.99%
According to a statement from Reuters, paypal will open the possibility of paying in cryptocurrency for its US customers in millions of retail outlets, as stated by the head of the company Dan Shulman in 29 million retail outlets "For the first time, users have the opportunity to pay directly with cryptocurrency, similar to how it is done with credit and debit cards inside a PayPal wallet"
https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD
https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD
But what about the tax implications? From what I have heard, the IRS needs American citizens to mention every cryptocurrency transaction in the income tax return, irrespective of the size. So if someone makes a few dozen purchases with PayPal BTC, doesn't he need to provide the details of all these transactions in his return? It is going to be extremely tedious. Maybe PayPal will do something to take care of this issue. They can provide an annual statement to the users, which can be used to file returns.
According to a statement from Reuters, paypal will open the possibility of paying in cryptocurrency for its US customers in millions of retail outlets, as stated by the head of the company Dan Shulman in 29 million retail outlets "For the first time, users have the opportunity to pay directly with cryptocurrency, similar to how it is done with credit and debit cards inside a PayPal wallet"
https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD
looks like this is one of the factors supporting the rise in BTC today. I think in somedays BTC will return ATH. Big investors must have smelled this news before it aired and soon they are keeping their assets to be multiplied in the future. However, the influence of the news is how much I feel is only a few percent. The convenience that Paypal provides will boost the value of transactions that exist in BTC and other cryptos. This convenience will also familiarize many US people with transactions and make crypto a medium of exchange. https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD
According to a statement from Reuters, paypal will open the possibility of paying in cryptocurrency for its US customers in millions of retail outlets, as stated by the head of the company Dan Shulman in 29 million retail outlets "For the first time, users have the opportunity to pay directly with cryptocurrency, similar to how it is done with credit and debit cards inside a PayPal wallet"
https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD
https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD
PayPal is preparing to purchase the Curv cryptocurrency storage service, after the breakdown of negotiations on the purchase of the BitGo service at the end of last year, PayPal was then ready to pay $750 million
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