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Topic: PayPal Reaches 85% of Binance.US Volume - page 5. (Read 962 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
November 16, 2020, 05:01:20 AM
#8
We can't compare a corporation,that exists for about 15+ years with a crypto trading platform,that was founded back in 2017.

Why not?
The numbers would favor Binance quite heavily as people do multiple trades daily on Binance, selling and buying, I would assume people that buy coins at Paypal are not that many daily traders as more like holders. Besides, what are we comparing here, a company that existed for 15+ years as you say, and managed to stay in the same country with a thing that fled from HK to Japan to Malta to nowhere and whose whole business in the US is a virtual office and a Delaware license? In a normal world, there should be no competition between those two.

Just as expected. Some people didn't expect PayPal to perform well on their crypto sector because of the current lack of crypto deposits and withdrawals. This is just enough proof that people don't care about self-custody and self sovereignty, but mostly just the investment factor.

Yeah, and 98,7% of the people on Linux forums don't understand why people use windows, bitcoiners are always biased and they try to imagine that the whole world is running based on the same principles they are using in their daily life. Paypal managed to bring something new, a way to buy coins with ease, keep them safe for you, no need for wallets or other things, and no need for an extra account. I can't wait for their report next year's, they will have to publish some numbers, it's going to be pretty interesting to see how many coins they hold.
legendary
Activity: 1904
Merit: 1277
November 16, 2020, 04:16:46 AM
#7
Just as expected. Some people didn't expect PayPal to perform well on their crypto sector because of the current lack of crypto deposits and withdrawals. This is just enough proof that people don't care about self-custody and self sovereignty, but mostly just the investment factor.
This is true. It does highlight the fact that there are a lot of people who are interested in buying bitcoin, but are unable or unwilling to use normal crypto channels to do so - whether through a lack of basic technical skills, or fear of loss or theft. The emergence of a 'trusted' household name company allowing bitcoin purchase does appear to have helped with integration into the mainstream.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
November 16, 2020, 03:59:58 AM
#6
After this kind of news, it's definitely not going to be a shocker that many users would be interested in crypto. I mean, if a lot of people are sharing the good news about it, it's going to be blazing fast of spreading for sure. Knowing that PayPal is a big company, it's definitely not going to runaway with the funds in them. I'm not sure about hackers though. I'm hoping that they have great security when it comes to their systems in place.
hero member
Activity: 3150
Merit: 937
November 16, 2020, 03:46:45 AM
#5
We can't compare a corporation,that exists for about 15+ years with a crypto trading platform,that was founded back in 2017.
Paypal might beat Binance and turn into the biggest crypto trading platform in world.However,this won't make me a Paypal fan for sure.
Even with all the blocked accounts and high transaction fees,the majority of people still trust Paypal,because of the safety and convenience,which Paypal managed to build over the years for their customers.
On the other hand,If you a selling stuff online and you use Paypal as a payment gateway,you are pretty much screwed. Grin
Anyway,Bitcoin should go to the moon.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
November 16, 2020, 03:22:28 AM
#4
PayPal Reaches 85% of Binance.US Volume in First Month

What will happen in next 3-6 months



https://cryptobriefing.com/paypal-reaches-85-binance-us-volume-first-month/
Common people know PayPal than binance, if PayPal support users from all over the world in crypto supporting countries to make use of their crypto services, it is likely it will emerge has the strongest custodial service providing platform in the world. But that does not take the fact that I can not make use of custodial services, I prefer the self custody.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
November 16, 2020, 03:16:48 AM
#3
Just as expected. Some people didn't expect PayPal to perform well on their crypto sector because of the current lack of crypto deposits and withdrawals. This is just enough proof that people don't care about self-custody and self sovereignty, but mostly just the investment factor.

There are better places than paypal to buy crypto but people still prefer to use paypal... Nobody cant be even sure that these btc are real
True. But it's pretty much the same with leaving funds on any other exchange. There's no way for us to know if they're solvent or not.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
November 16, 2020, 03:12:08 AM
#2
This could be a catalyst for a moonshot if the price keeps going up and all those folks start telling their friends about how much money they're making.
jr. member
Activity: 33
Merit: 11
November 16, 2020, 03:06:42 AM
#1
PayPal Reaches 85% of Binance.US Volume in First Month

What will happen in next 3-6 months 😱



https://cryptobriefing.com/paypal-reaches-85-binance-us-volume-first-month/
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