Topic: PayPal to Offer Crypto Trading - page 3. (Read 657 times)
It was introduced a month ago and more. And until now, there is no progress or clarification from PayPal what is going on here. Or it is just a rumor what people said? probably, Additionally, they have not clearly stated about the plan and they only say about a few things of the crypto exchange. But of course, this is news that can be wrapped into big news to rise up the media. many people will be interested and focus on this news because PayPal is a big industry. So, what is next? Will really PayPal realize this plan? personally I don't too care with this because it may be like other projects that only for hype for a while.
Yeah, we have been hearing such rumors for quite a long time. But, why are people excited about this? I mean what makes them so unique? All they will be doing is allow users to trade crypto and make some extra money (as a form of fee) from their users.
People are just excited because PayPal would be bringing crypto to their ~ 300 million users. As far as adoption go, That would be massive. In terms of service offerings, Coinbase offers the same if not more. I have no doubt that Paypal is only interested in making crypto trading available due to the potential profit to be made. They don't want to miss out on the crypto pie.
As the topic says the payment giant company was reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.
Source
Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”
Learn that news like this dont just happen if something like it is not already happening.
Your thoughts
Yeah, we have been hearing such rumors for quite a long time. But, why are people excited about this? I mean what makes them so unique? All they will be doing is allow users to trade crypto and make some extra money (as a form of fee) from their users. I wouldn't be surprised to see people whining about how their account got blocked or something happened to their funds and taking ages to resolve the case. Paypal loves to freeze funds, even if it is from legit sources. Doesn't coinbase provide the exact service paypal is about to provide? Others saying they can link their bank account and withdraw directly, they can also do that with coinsbase. As far as I remember, coinbase does support ACH transactions. Source
Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”
Learn that news like this dont just happen if something like it is not already happening.
Your thoughts
In making such decision then theres no doubt that they already had changed up their minds yet they wont really make up these steps if they arent making some reconsideration on such possibility.
Is this already confirmed or still a rumor? If it is a rumor then im not really hoping that much that this one would be integrated on fast phase.If they do able to do so then
that would really be a very convenient thing for some people including me.
Is this already confirmed or still a rumor? If it is a rumor then im not really hoping that much that this one would be integrated on fast phase.If they do able to do so then
that would really be a very convenient thing for some people including me.
I think what got things going was the recent announcement of PayPal hiring a blockchain expert, and it's good their coming around to terms with the idea, it's either adapt or get left behind and crypto IS the way to go, hopefully they don't riddle it with the same huge fees system for international trades that currently plague bitcoin.
If there partnership with Paxos is official I think that Paypal has a good chance that they will be offering crypto trading because there is really no other reason why Paypal will partner up with a crypto related firm without them being at least interested in a crypto related business. I know that Paypal before is against any kind of crypto industry related business as they are also against crypto related transactions being used in their service but with them partnering up with crypto related business I think this is a good sign to say that Paypal have changed their minds with crypto.
In making such decision then theres no doubt that they already had changed up their minds yet they wont really make up these steps if they arent making some reconsideration on such possibility.Is this already confirmed or still a rumor? If it is a rumor then im not really hoping that much that this one would be integrated on fast phase.If they do able to do so then
that would really be a very convenient thing for some people including me.
Thank God, because I was running out of ways to trade my crypto. I'd much rather link my bank account and/or debit card to Paypal, and use their rates to change my local currency into USD, and then use that to buy Bitcoin at their rates. And then repeat the same process in reverse to sell my Bitcoin.
Finally, the PayPal I've always been waiting for. Just as soon as they fix the way they keep blocking my access because of clearly suspicious login activity.
Finally, the PayPal I've always been waiting for. Just as soon as they fix the way they keep blocking my access because of clearly suspicious login activity.
If there partnership with Paxos is official I think that Paypal has a good chance that they will be offering crypto trading because there is really no other reason why Paypal will partner up with a crypto related firm without them being at least interested in a crypto related business. I know that Paypal before is against any kind of crypto industry related business as they are also against crypto related transactions being used in their service but with them partnering up with crypto related business I think this is a good sign to say that Paypal have changed their minds with crypto.
This will be interesting to watch. We have seen similar news in the past but it never came to fruition. Surely, this time it is different and if Paypal enters this it may be bad news for other exchanges who have been in the business for a long time. it would speed up the process for many individuals but there are risks that should also be looked into.
As the topic says the payment giant company was reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.
Good luck with that but most of the customers who had their funds confiscated in the past will not dare to trade in their platform and there are other good trading platforms that are doing a good job. It is not a big surprise that these companies are planning their trading platforms because the amount of profits companies like binance and other trading platforms make are really huge.Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”
I wish the EU commission will shut down these stupid tokens, we just need BTCitcoin and i do not want to see every company coming up with their token. As the topic says the payment giant company was reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.
Source
Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”
Learn that news like this dont just happen if something like it is not already happening.
Your thoughts
Source
Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”
Learn that news like this dont just happen if something like it is not already happening.
Your thoughts
Whether its a rumor or its real news, what everyone should know is that crypto and its supporting technologies revolution have put many businesses in a situation where they need to pivot if they want to continue in business.
For Paypal, its a strategic move for the company because they are the pioneer of the fintech industry in the US. if they are coming into the crypto industry, i will be happy because of their influence in financial matters.
That will be a big adjustment to the users of Paypal since they will be adding lots of features that will show different kind of Cryptocurrencies. PayPal should create a distinction between users who understands Cryptocurrency and users who just uses normal currency because mixing the two can create lots of miscommunications when creating transactions.
But who can forgot about this supposedly email to their PayPal users back in 2018?
~~ image removed ~~
https://news.bitcoin.com/paypal-users-receive-cryptocurrency-warning-email/
They can deny it right now, but there was a time that Paypal is really anti crypto or against bitcoin.
~~ image removed ~~
https://news.bitcoin.com/paypal-users-receive-cryptocurrency-warning-email/
They can deny it right now, but there was a time that Paypal is really anti crypto or against bitcoin.
You can understand that PayPal would be against any other competitive payment alternative... they are making their profits from over charging their customers and any competition will be frowned on.
I think they are only going through the cycle of disruption now, where they accept that it cannot be stopped and that they must get in on the action to supplement their possible losses in the future.
They can develop their own "Blockchain" technology, but Biitcoin still has the biggest network of merchants and users out there, so it will be better just to include it in their offerings and cash in on the action.
In my opinion, Paypal might be interested in crypto but I don't think they will do it long term. They have sent warnings in the past, and voiced out their opposition to cryptocurrency. Also, the news that has been with us for some time now has been what it is, just news. You can be excited for this but you can also treat this news as hearsay and not to count on it.
It's wouldn't make sense that they will go full crypto short term. If they want to jump then they should do it 100% otherwise it will be costly. Yes, this news is not new anymore, and for the time being, pure speculation on their side. So I will still be cautious and not get excited as Paypal might cooking some thing inside that we crypto enthusiast doesn't like the taste. 
In my opinion, Paypal might be interested in crypto but I don't think they will do it long term.
Give them time. We will see them for a longer operation if many of their users start to buy crypto through them. They have a lot of users so they will act as a guarantor for their users.
Unless confirmed by PayPal that they will integrate their service to crypto, it's celebration time.
Like some of the major banks now Paypal also wants to CASH profits from the emerging cryptocurrency sector. I am surprised how fast these financial institutions are now taking a U-turn. They all were against cryptocurrency and in particular Bitcoin.
Whatever they do I am neither interested nor plan to use their service. They can again take a U-turn when they feel they have earned enough.
Whatever they do I am neither interested nor plan to use their service. They can again take a U-turn when they feel they have earned enough.
In my opinion, Paypal might be interested in crypto but I don't think they will do it long term. They have sent warnings in the past, and voiced out their opposition to cryptocurrency. Also, the news that has been with us for some time now has been what it is, just news. You can be excited for this but you can also treat this news as hearsay and not to count on it.
But who can forgot about this supposedly email to their PayPal users back in 2018?
https://news.bitcoin.com/paypal-users-receive-cryptocurrency-warning-email/
They can deny it right now, but there was a time that Paypal is really anti crypto or against bitcoin.
https://news.bitcoin.com/paypal-users-receive-cryptocurrency-warning-email/
They can deny it right now, but there was a time that Paypal is really anti crypto or against bitcoin.
Yep, still a rumour. Just found that article about it:_ https://www.cryptoninjas.net/2020/07/27/paypal-makes-a-big-move-into-crypto-trading/
Maybe the only news that seems confirmed is the collab with Paxos, but that´s pretty much it
Maybe the only news that seems confirmed is the collab with Paxos, but that´s pretty much it
Unfortunately this is old news that at this point is nothing more than conjecture. Now obviously if PayPal does truly add anything bitcoin or cryptocurrency related to it's platform that is going to be massive news. It does look like they are seriously considering it. That in and of itself is actually pretty big news. Basically admitting they knows crypto is here to stay.
Paypal would create a cryptocurrency called paypalcoin,with the one and only feature:the buyer/sender will have the right to refund every transaction to the receiver in a 180 day time frame.
Jokes aside,cryptocurrency trading is strictly forbidden in Paypal's Terms of Service.I highly doubt that they will make such a drastic change in their rules only for the sake of gathering a few thousands new customers.
No crypto user with a brain will join Paypal,just because that company is accepting crypto payments.
Unfortunately this is old news that at this point is nothing more than conjecture. Now obviously if PayPal does truly add anything bitcoin or cryptocurrency related to it's platform that is going to be massive news. It does look like they are seriously considering it. That in and of itself is actually pretty big news. Basically admitting they knows crypto is here to stay.
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