Prove that Crypto mass adoption is getting in place

gwaposakon

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Quote from: Ken_terrance on June 24, 2020, 05:34:28 AM

Do not rely on this, it's just a news that could or could not happen, Yesterday news broke regarding the strong possibility that PayPal and Venmo, the two notable fintech companies are both moving to add direct crypto and Bitcoin trading capabilities to their users, what do you think will happen if this comes true??? I like the fact that this is happening and DeFi projects are doing their thing too

The news only proves that crypto is really going mainstream. If this is true, this will be a big step to the development of cryptocurrencies to day to day transactions. The integration of bitcoin to these two big payment system will really push the adoption of crypto to everyone.

aditasetia123

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Quote from: VDraci on June 25, 2020, 02:55:23 AM

PayPal will not implement crypto like Bitcoin and others, they are planning to build their own crypto coin, probably a Centralized token that will represent PayPal Digitally, that's all, don't get your hopes too high, let's wait for more announcement

although they will not implement bitcoin or others coin , but if they announced will their own cryptocurrency or developt new blockchain generation to support their business i am sure it will be great news from crypto investors. more big company join and developt new blockchain technology, more positive impact we will get.

dentolas

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Well, this type of news is common and usually is not true... I have been reading about this kind of stuff for years now...
These large companies are looking to improve their profits and the crypto market and supposed digital adoption are unexplored domains for them to find new ways of profiting... it seems that these giants will rather build their own centralized controled "cryptos" than adopt something like BTC, just look at facebook...
So, if they will accept btc, this will be good news.... if they are building their own asset it is not so good news

bgaf

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Quote from: Ken_terrance on June 24, 2020, 05:34:28 AM

Do not rely on this, it's just a news that could or could not happen, Yesterday news broke regarding the strong possibility that PayPal and Venmo, the two notable fintech companies are both moving to add direct crypto and Bitcoin trading capabilities to their users, what do you think will happen if this comes true??? I like the fact that this is happening and DeFi projects are doing their thing too

This is great news. PayPal is a famous company and if ever they implement to launch crypto payment on their platform that would just increase their clients and customers. Most users are now familiar with this, and I can see a win win situation if thats happen. But Im clueless whether this will be a centralized or decentralized approach. I do hope government would not think of any issues if this will occur.

aemma

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Quote from: Ken_terrance on June 24, 2020, 05:34:28 AM

Do not rely on this, it's just a news that could or could not happen, Yesterday news broke regarding the strong possibility that PayPal and Venmo, the two notable fintech companies are both moving to add direct crypto and Bitcoin trading capabilities to their users, what do you think will happen if this comes true??? I like the fact that this is happening and DeFi projects are doing their thing too

What I think? I think if this happens, then it will be really massive and a big win for the crypto space, therefore showing yet again that no matter what was said about crypto, the underlying technology has come to stay and there is no going back; so it would be better the world start embracing it. On the aspect of Defi, it is also a good one so far owing to the good success recorded so far from projects under Defi like Compound etc. Lastly, the pandemic affected a lot of things but with Defi and probably this news, we might experience new and positive things or growth in days to come..

Greatchu

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Crypto mass adoption is working gradually either with PayPal or not, every year it keeps getting better, I still don't believe that PayPal will start accepting cryptos through their system because they are centralized company, that will be difficult, I'm suggest they will come out with PayPal coin instead, just like how Libra works for Facebook

Dpat

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The crypto mass adoption is already adopted by many of the shoppers and the online stores from the year of 2017 when the bull market was running. You know that Amazon the online store giant has already adopted the Bitcoin payment for the many economy. There also almost all of the E-wallet has added the crypto payment system for the deposit and withdraw of the funds which enable the users get cash at your local banks in a few minutes. For exa- Neteller, Skirl, E-payments etc.

Ucy

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As long as they are done in well decentralized manner.
Doesn't really mean much if the new users aren't benefitting from the important features of Blockchain/cryptocurrency. Things like this could simply make the idea behind cryptocurrency meaningless if they become too common in the future.
For safety reasons, I think it will eventually be very necessary to create a distinction between centralized and decentralized things in Crypto space

rodskee

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Quote from: VDraci on June 25, 2020, 02:55:23 AM

PayPal will not implement crypto like Bitcoin and others, they are planning to build their own crypto coin, probably a Centralized token that will represent PayPal Digitally, that's all, don't get your hopes too high, let's wait for more announcement

Considering that point, there's still reflections inside crypto market knowing that another big name company
will join in to this space.
Though we knew that it's purely business and if Paypal is looking inside it's a good sign that more businesses
will also adopt this system.
For now, we need to wait for further announcement and know what's the deal inside, it's better to wait for more
detailed information in regards to this news.

VDraci

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PayPal will not implement crypto like Bitcoin and others, they are planning to build their own crypto coin, probably a Centralized token that will represent PayPal Digitally, that's all, don't get your hopes too high, let's wait for more announcement

WalkerIVIV

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Quote from: Guryon_master on June 24, 2020, 03:36:38 PM

if this happens, meaning we are in real mass crypto adoption. But I believe that before this come to reality there will be more time is needed also an attempt of others to replace PayPal dominion.

There will be no replacement for PP and it will never happen as PP is even working to add crypto too. That means PP will help crypto to get massive adoption too.
If this is a true story and then we will see a huge pump for crypto.

Helpme_please

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actually there is crypto projects which really adopt their token to popular stores. take a look at storm which is rebranding its name to stmx . many popular stores already have rellation with them, customer will get cashback if shoping using storm app and pay it with storm token. i think its good start for crypto adoption for our daily online shopping. we will get several benefits from it.

traderethereum

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Quote from: Emilyearl on June 24, 2020, 04:57:17 PM

PayPal is hiring crypto engineers I believe they are working on either their own blockchain or the integration of other cryptocurrency or how they can utilized different blockchains to running their system. So either way, it's a welcome development in cryptocurrency but I like to believe if they're working on their own blockchain it will be centralized.

If that is happen in a short time, Paypal member can have a chance to try crypto that integrate into their dashboard, and I think that help the adoption among the Paypal user.
We know that Paypal has a huge member in many countries, just imagine if 20% of the Paypal user is also use crypto to pay whatever they bought, that will make the crypto have a growth in the number of the people who uses crypto.
If many of them recommend using crypto for their friends, they can invite more users to come to the crypto industry, and that means we will have new adopters for cryptocurrency.

Dondeon

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It's actually a good news, so many development are coming up these days that can influence positive movement in crypto market. We are all waiting to see the effect in nearest months.

Emilyearl

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PayPal is hiring crypto engineers I believe they are working on either their own blockchain or the integration of other cryptocurrency or how they can utilized different blockchains to running their system. So either way, it's a welcome development in cryptocurrency but I like to believe if they're working on their own blockchain it will be centralized.

suzanne5223

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Quote from: Ken_terrance on June 24, 2020, 05:34:28 AM

Do not rely on this, it's just a news that could or could not happen, Yesterday news broke regarding the strong possibility that PayPal and Venmo, the two notable fintech companies are both moving to add direct crypto and Bitcoin trading capabilities to their users, what do you think will happen if this comes true??? I like the fact that this is happening and DeFi projects are doing their thing too

The news is yet to be confirm by Paypal and Venmo so it will be good if we dont believe it yet due to the previous statement of paypal CEO about bitcoin but this rumor is truth then it be a gooc news for every crypto investors because cryptocurency will gain more trust and traffic around the world.

joinfree

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There is not much to say when it comes to crypto mass adoption but that is also not to say that there has not been any single development when it comes to that. currently, there are many bitcoin atms and also some marketplace online have started accepting cryptocurrrencies as a payment method. The future is certainly bright for the adoption of cryptocurrencies in the long run.

ene1980

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Quote from: Ken_terrance on June 24, 2020, 05:34:28 AM

Do not rely on this, it's just a news that could or could not happen, Yesterday news broke regarding the strong possibility that PayPal and Venmo, the two notable fintech companies are both moving to add direct crypto and Bitcoin trading capabilities to their users, what do you think will happen if this comes true??? I like the fact that this is happening and DeFi projects are doing their thing too

It is expected that the companies that rely on money transmission should accept bitcoin or cryptocurrencies in general to maintain the userbase and if they are not adopting to the increasing demand they might loose customers and knowing that they will start accepting cryptocurrency and it is only a matter of time all the online based companies start accepting it.

timmmers

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But again Paypal is not joining cryptocurrencies in a way that we will accept Bitcoin or making it better. We are creating our business based on a new cryptocurrency that will be probably centralized, full of cool buzzwords, but that's all. Similar to Libra, and the result? It's not even the cryptocurrency Cheesy

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cryptogeek101

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Quote from: Ken_terrance on June 24, 2020, 05:34:28 AM

Do not rely on this, it's just a news that could or could not happen, Yesterday news broke regarding the strong possibility that PayPal and Venmo, the two notable fintech companies are both moving to add direct crypto and Bitcoin trading capabilities to their users, what do you think will happen if this comes true??? I like the fact that this is happening and DeFi projects are doing their thing too

I think it's a welcome development for such a thing to happen at this period of time,it's an indication that cryptocurrency is gradually taking over the entire financial world of business. In fact with bitcoin interface in these two payment company means massive adoption of cryptocurrency

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