Topic: PayPal customers will be able to use BTC, ETH and other cryptos to pay merchants - page 5. (Read 1087 times)

Because of this news, bitcoin was able to break past the 13k barrier. There is more and more news coming that the institutional investors are taking a special liking to digital assets which could pump BTC and all other coins even more.

This is great news for pump but im not sure about long term. It all depends from how popular this feature will be

So pity that Paypal is not allowed in my country. Blocked by government...
Paypal would be a good alternative way to buy and sell crypto currencies and withdraw to bank accounts...
Still i am very happy for this news.

PayPal customers will be able to use bitcoin, ethereum, bitcoin cash and litecoin to shop at the firm's 26 million merchants worldwide, starting in early 2021.

Litecoin is cheapest and has lowest fees, i think it will get huge pump in the next days..

What a good news. So happy they could accept cryptocurrency already. It is a big step to crypto world and I believe this could cause a big pump.

This is a great new for crypto world and this will definitely help with adoption and bring broader audience to the crypto world. Years after years we have been waiting for these companies to join crypto world and now they finally have. In my opinion, we'll see major corporations around the world start accepting bitcoin in coming months and join the trend.

I may sound rude - but stick your "bull market trend" deep in your ass and scroll through it carefully.
You haven't understood anything in all these years? You are so strongly attached to the dollar that you do not need a cryptocurrency at all - why do you need ETH, BTC and others if you still look to the future through a gap in the dollar?

I believe that such a step by PayPal is a great precedent, not because "wow, now you can buy cryptocurrency with dollars and pay with cryptocurrency via PayPal!!!!". No, that's not why.
This is because this is the first serious step away from the "dollar - token - commodity" model towards the "token - commodity"model.
Year after year, I constantly hear from people about the prices of cryptocurrencies in dollars and I can't understand why they need these cryptocurrencies if they can also trade stocks and get the same dollars.

I sincerely think these people are stupid - because it is because of them that we got what we have now, this shameful and low peg to standard currencies.

I am sure that very few people will support me, but I will still say - stop looking at the dollar. Better look at the possibility in the distant future to allocate cryptocurrencies in a separate payment mechanism that will not be tied to anything at all. As a currency in itself and not as a means of profit. This is the meaning that was originally and which was completely distorted.

I am so happy to get this particular news, it is a welcome development to everyone in the crypto community. This is what we have all been waiting for, we need adopting by major organization to push cryptocurrency to the next level. I feel this is the beginning of new things to come.

It's likely more related in upcoming US election as per this cointelegraph news than here in PayPal news though it's a good news that PayPal is exploring in cryptocurrencies and are trying to improve more their service thru crypto. Sooner there will be more merchants who will see it's potential as better way of Payment and transferring funds especially now that known companies uses it in their services.

Wow! that is a major news for the crypto space, it will have a lot of positive effect on the price of Cryptocurrency in days to come, I can't wait to see the price of crypo explode in the coming days.

I was surprised about the price of BTC today and looking for the reason why it suddenly moon and I guess I found the thread about it. Paypal is widely used everywhere and this will really be a good pump to the bullrun. Hope everyone will really be in cryptocurrency after this so that no one will be left behind in this world.

I don't know why everyone is excited about this central authority, there is nothing special about this news and I wouldn't buy into their policy.
so from your PayPal account you can buy, sell, or hold the attributed market value of a cryptocurrency but you cannot withdraw the crypto to another PayPal account or transfer it to a crypto wallet address.
To get the liquidity out of your BTC for example, you have to sell the BTC value in your PayPal account to the exchange rate they set, and then you get USD in your PayPal account. From there on, the USD can be transfer to another PayPal account or withdrawn to your bank account with huge fee. This is bulshit.

I am quite positive and hopeful that bulls will take over the market completely now and starting right now the domimancy of bulls will continue for good 15 to 18 months from here which will result in new highs for many top coins.

Yes, got that mail. This is reason of btc pump? Bitcoin near to 13K. I think crypto will get huge boost. But I am not sure will people interested in this services or not. Because there are lots of problems using paypal. Like limit, if its happened for holding cryptos then I am not going use the services.

Yes, absolutely. It's great news! Paypal is having a huge customer base of both consumers and merchants. Buying and selling cryptocurrencies will really make all those happy who still want to use PayPal for these transactions. With lower fees, PayPal can really top to other exchanges who provide buying and selling with too many fees.

With this news, crypto shows that it is indeed for the future and Paypal indirectly popularizes crypto for the world. I hope 2021 will be the year of massive adoption of crypto. The 4 coins that Paypal mentioned jumped in price in 24 hours.

Last week I'm buy some Ethereum, and this news was shocking. I took a lot of profit in just a week.

This is a huge news for Crypto space as a whole, this just legitimise Cryptocurrencies and help to eradicate the fear and doubt some people are having investing into Crypto. This is going to huge for the price also since more money is entering into the space, opening the floodgate for retail investors to enter

Good! Another financial giant joined the bandwagon to stay within the competition and to stay relevant in the market! I am not super surprised because that had to happen at some point of time! Eventually majority of the global financial corporation will allow transacting in cryptos. However, we have one thing to note here, Paypal has no plans to roll out crypto wallets! It will just allow you to convert your fiat currency into cryptos of your choice! I am not sure how it will work but I am excited to see it live.

Paypal has been known for quite an age of forcefully seizing customers for bogus excuses and futile claim which I believe it will lessen the rate at which crypto traders patronize such platform. Alot of p2p trading platforms are already making the trading of paypal and other digital asset seamless so their services will not that be patronize. media have always make crypto look like a gateway to illegal activities which make anybody that patronise paypal stand higher of losing their money

Big news. Bitcoin and other crypto most likely will rise in price. Hamsters will be happy