PayPal customers will be able to use BTC, ETH and other cryptos to pay merchants - page 3.

tvplus006

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Quote from: Coin-1 on October 22, 2020, 09:55:24 AM

...As far as I understand, PayPal will operate as a cryptocurrency exchange and will enable its customers to buy and sell the mentioned coins, paying fees. All transactions will be settled in national fiat money, so coins will be instantly converted to USD, EUR, etc. I hope this company will list other altcoins and tokens in mid or late 2021.

I understood this information differently) PayPal customers will not be able to transfer their cryptocurrency to their wallet. And do not forget that in this case, you can only buy cryptocurrency from PayPal, which in this case will have a monopoly. The wallet offered by PayPal does not have private keys, which is a definite disadvantage for market participants.

Becky666

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Quote from: ?? on ??

Sometimes news like this will make bitcoin grow even more. If you look at since yesterday bitcoin has continued to pump, is this one of the factors that caused it? As we know paypal is a big company and it could push up the bitcoin price.

Definitely Bitcoin price should be seen in good momentum because this is a good implementation on the part of the PayPal company to adopt Bitcoin and Ethereum. This just shows that we might see another good move from the previous Bitcoin price we have had. I couldn't see this coming to increase my bagholding while we were into the dip, though still will take this advantage to update my holdings before things went higher.

Strotman

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From what I have read in the media, it follows that the user will not have the key to their bitcoins. So I do not understand the joy of the topic starter on this issue

copoyes

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seeing news paypal also supports cryptocurrencies, this is good news, especially for alternative payments such as freelance services, which are usually paid $, the possibility of using crypto
and freelance web services will also participate in using crypto payments so you can say that they are starting to expand
especially for those who like to play games that often make transactions using paypal can be more transparent in transactions when using bitcoin or eth, well hope that with this news there is a little progress in the crypto world, but there is little to fear because paypal is prone to being hacked or banned when suddenly you can sending a lot of balance, well maybe the security will be improved again

coinswebid

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Quote from: jrrsparkles on October 22, 2020, 11:22:40 AM

Paypal allows people to buy and sell cryptos but doesn't allow them to withdraw your funds so this is not really the service we should use but the user database may helps the cryptocurrency adoption and this is the reason why the bitcoin acts bullish in the last 24 hours.

Did you mean paypal will be like a kind of cryptocurrency exchange ? But without deposits and withrawal features in crypocurrency right ?

Em00n01

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This is really a big news. People will be easily buy and sell their crypto in there. But i think paypal may charge huge amount of fee for this. Anyway, i think it will really help a lot to those people who are new to crypto.

Ezravdb

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Trphy.io

This news is very much awaited by crypto players, with Paypal launching a Cryptocurrency service on their site it will have a positive impact on rising btc and altcoin prices. Likewise, there will be new investors who join Cryptocurrency because Paypal has a large enough user in the world. Paypal also announced this news on Twitter https://twitter.com/PayPal/status/1318930120523087873?s=19

I think everyone should know this news.

int03h

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Quote from: int03h on October 21, 2020, 11:53:53 AM

The issue I am interested in is how the transaction cost of Bitcoin and Ethereum on the Paypal platform is. If the cost is too high then it will be a barrier for people to use Bitcoin and Ethreum regularly.

I think Paypal will just play the role of a third party wallet like Remitano and take advantages of the transaction fees. Funny thing is, if USD is not your national currency, then you have to pay for a lot of transaction fees buying cryptocurrency by this way: fee to the bank to deposit your local currency to Paypal and fee pay to Paypal to buy cryptos.

I recently learned that Paypal only allows Bitcoin to move on its systems and people are not allowed to withdraw them from their platforms. With exorbitant fees they will apply in the future people will leave Paypal, but the number of Bitcoins in Paypal will decrease over time if people stop sending Bitcoins to the platform.

Paypal is causing bitcoin to increase in value right now, but in the long run, they are not really good because people will soon understand the problem and leave PayPal.

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Quote from: jrrsparkles on October 22, 2020, 11:22:40 AM

Paypal allows people to buy and sell cryptos but doesn't allow them to withdraw your funds so this is not really the service we should use but the user database may helps the cryptocurrency adoption and this is the reason why the bitcoin acts bullish in the last 24 hours.

PayPal has a strong and numerous user base. We hope that PayPal will later add a feature for withdrawing the cryptocurrency that we have purchased. We need news like this to make cryptocurrencies more attractive.

laredo7mm

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Quote from: cryptofirm on October 21, 2020, 11:06:01 AM

this really great news for crypto world
PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.
you can read the full article here
https://www.finextra.com/newsarticle/36795/paypal-to-support-cryptocurrency-across-it-consumer-and-merchant-network

does this mean we near with the bull trend on crypto market ?

That is very good news for the crypto space and we will see many other companies will also integrate cryptocurrency and blockchain technology. People will be involved more in crypto when they will find that crypto payments are way more secure, less costly, and faster than a traditional banking system. This can trigger the mass adoption of cryptocurrency.

cryptofirm

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Quote from: ?? on ??

Sometimes news like this will make bitcoin grow even more. If you look at since yesterday bitcoin has continued to pump, is this one of the factors that caused it? As we know paypal is a big company and it could push up the bitcoin price.

yeah my friend, i also think this is the main causes why bitcoin growing from yesterday
paypal known as a big company in online industry, and of course the impact will be huge for crypto world especially bitcoin

Saisher

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Quote from: ?? on ??

Sometimes news like this will make bitcoin grow even more. If you look at since yesterday bitcoin has continued to pump, is this one of the factors that caused it? As we know paypal is a big company and it could push up the bitcoin price.

It's happening now Bitcoin is Now in the $12800 mark just the other day it hardly reach the $1200 what happen in the last three days is a big pump and this news contributed to this, I hope it will not stop in the $12800 and continue to pump to $13500, a new territory for Bitcoin this 2021 after so many months of struggling in the $10000 mark.

deathcode

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Quote from: Dhoe on October 22, 2020, 11:22:46 AM

Quote from: gunungkembar on October 22, 2020, 10:41:41 AM

I think this is not just good news but this could be one of the triggers for bitcoin prices to return to $ 20k, even more because PayPal as the largest payment platform has started to provide access to simplify bitcoin purchases for the entire country.

Of course, this is very big news for the Crypto world, we can see the price of Bitcoin rose immediately after the news Paypal will accept Crypto. But I think to reach price of $ 20k will take a little longer, not quite with this Paypal news.

the market is doing well. I think nothing is impossible at this time. first, who would have thought BTC could make such a high pump. and now we are not dreaming of seeing BTC grow well too. it is only a matter of time. when this good news will be followed by other good news. $ 20k isn't anything difficult.

Dhoe

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Quote from: gunungkembar on October 22, 2020, 10:41:41 AM

I think this is not just good news but this could be one of the triggers for bitcoin prices to return to $ 20k, even more because PayPal as the largest payment platform has started to provide access to simplify bitcoin purchases for the entire country.

Of course, this is very big news for the Crypto world, we can see the price of Bitcoin rose immediately after the news Paypal will accept Crypto. But I think to reach price of $ 20k will take a little longer, not quite with this Paypal news.

jrrsparkles

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Paypal allows people to buy and sell cryptos but doesn't allow them to withdraw your funds so this is not really the service we should use but the user database may helps the cryptocurrency adoption and this is the reason why the bitcoin acts bullish in the last 24 hours.

gunungkembar

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Quote from: Sebas.tian on October 22, 2020, 10:25:25 AM

Quote from: Kang TB on October 21, 2020, 11:59:48 AM

finally paypal will accepting cryptocurrency starting by next year depends from the article above
this is really good news for crypto world

It is indeed a good news from PayPal payment system because they have huge number of investors across board, so having them into the system will definitely help to increase Bitcoin adoption. Hope this doesn't create more issues with their system because of what they have been known for.

I think this is not just good news but this could be one of the triggers for bitcoin prices to return to $ 20k, even more because PayPal as the largest payment platform has started to provide access to simplify bitcoin purchases for the entire country.

bigcash2011

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Quote from: cryptofirm on October 21, 2020, 11:06:01 AM

this really great news for crypto world
PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.
you can read the full article here
https://www.finextra.com/newsarticle/36795/paypal-to-support-cryptocurrency-across-it-consumer-and-merchant-network

does this mean we near with the bull trend on crypto market ?

This looks like the leap and the stimulus that the market was looking for and it seems like the start of new big bull market but to confirm this btc has to break 14to16k and then 20k range and similarly Eth needs to break above 650 and then 1k to confirm bulls dominancy.

Sebas.tian

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Quote from: Kang TB on October 21, 2020, 11:59:48 AM

finally paypal will accepting cryptocurrency starting by next year depends from the article above
this is really good news for crypto world

It is indeed a good news from PayPal payment system because they have huge number of investors across board, so having them into the system will definitely help to increase Bitcoin adoption. Hope this doesn't create more issues with their system because of what they have been known for.

Coin-1

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Positive news for Bitcoin, Ethereum, Litecoin and Bitcoin Cash has arrived! Finally, one of the most famous payment system PayPal has decided to adopt these cryptocurrencies starting from the beginning of next year. Honestly, I'm a little astonished why this company did not include Ripple which is rated 4th on CoinMarketCap and is accepted by many services as payment.

In any case, I am delighted to hear that BTC and ETH that I hold in my investment portfolio will be more widespread among the huge PayPal community which currently has nearly 350 million users from all over the world.

As far as I understand, PayPal will operate as a cryptocurrency exchange and will enable its customers to buy and sell the mentioned coins, paying fees. All transactions will be settled in national fiat money, so coins will be instantly converted to USD, EUR, etc. I hope this company will list other altcoins and tokens in mid or late 2021.

santiPOGI

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Quote from: cryptofirm on October 21, 2020, 11:06:01 AM

this really great news for crypto world
PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.
you can read the full article here
https://www.finextra.com/newsarticle/36795/paypal-to-support-cryptocurrency-across-it-consumer-and-merchant-network

does this mean we near with the bull trend on crypto market ?

This is a very good news to all crypto enthusiast, we all know that all around the globe Paypal community has a big users.
I could say that it is Yes for me were We are near in the bull season of cryptocurrency and Bitcoin begin to spike it's price in the market.
at least a long time of waiting is now begin and the harvest time as well is coming too.

Topic: PayPal customers will be able to use BTC, ETH and other cryptos to pay merchants - page 3. (Read 1062 times)