Prove that Crypto mass adoption is getting in place - page 2.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

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

Isn't the government regulation one strong proof that mass adoption is happening? The government won't waste time on things that won't have a major effect on its country. The plans, and talks of those Big company thinking to join the industry is another proof. Some institutions already joined and adopt some of the available cryptocurrencies in the market. If that is not the sign of mass adoption, what would it be?

Guryon_master

member

Activity: 384

Merit: 12

Student Coin

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.

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: mersal on June 24, 2020, 03:02:43 PM

AFAIK, Payapl will close your account if they found that you are related with crypto currency transactions then how suddenly they can change their mind and support crypto? I don't think this is really a true news. But adoption is taking place among the people since covid 19 people wanted to save some of their money and cryptos become one of the best option for them to choose to save their money.

You will get into trouble with PayPal if you use it to exchange currencies as you can see on their Acceptable Use Policy, but I'm not sure whatever that means. If I'm right, it should be that they do not allow you to purchase Bitcoin, Monero or any other crypto using PayPal. But you can use a few services such as Braintree or Coinbase to accept BTC payments AFAIK.

It's not news coming from PayPal directly, but different sources did confirm they're looking to integrate Bitcoin directly in the PayPal platform (see this article). But I'd be happier if it was found out to be a false rumor than if it gets confirmed. These news only further confirm my earlier fears that Bitcoin will only become more centralized and farther away from Satoshi's Whitepaper.

mersal

member

Activity: 1204

Merit: 38

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

AFAIK, Payapl will close your account if they found that you are related with crypto currency transactions then how suddenly they can change their mind and support crypto? I don't think this is really a true news. But adoption is taking place among the people since covid 19 people wanted to save some of their money and cryptos become one of the best option for them to choose to save their money.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

More great news coming in and we will see a dramatic increase in the price, Paypal after so many years of competing with Cryptocurrency is now joining the community if you can't beat them, join em and the company is now one with us and will even contribute to the adoption of Cryptocurency I'm excited on the development.

kindbtc

member

Activity: 1008

Merit: 12

SAPG Pre-Sale Live on Uniswap!

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

Other than paypal news we also had an exceptional news of 40 plus crypto based companies teaming up to provide a payID project for the ease of crypto payments. The main aim of this project is that common man can be able to use crypto easily for payments and transfers in easiest way possible. I think it is a remarkable thing and surely will help in mass adoption of cryptocurrencies world wide.

Saisher

full member

Activity: 2324

Merit: 175

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

That's welcome news it could have not happen if the Libra coin push through, and the market is strong even in the pandemic, Paypal announcement will have a big boost in the market in the coming weeks, once implemented it will contribute to the surge of price of Bitcoin, so far this is the best news after the halving and the pandemic.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

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

Yeah this will have amazingly positive effect to adoption because these platforms have millions of active users present globally also the trust level in crypto coins will improve and perception of them being fake money among masses will fade away, so definitely looking forward to it and i am sure crypto market will get a good leap with it and we will see adoption in coming years.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: OasisDre on June 24, 2020, 09:18:09 AM

So even PayPal now knows how good crypto is ?? That's amazing news Cheesy

honestly I've been waiting for this day, if this makes strong headlines it can make Bitcoin surge higher in value, I can't wait for new bullrun season to start

Not really, Paypal will just allow users to buy bitcoin using paypal. They probably with partner up with some crypto firm.
They are doing this not because they think "crypto currencies are really good". They are doing this to generate revenue through the fees that they will be taking from the users when they purchase through paypal.
And if paypal is going to make a online crypto wallet, that is going to be a wallet that no one should use. Paypal likes to freeze your funds.

disconnectme

hero member

Activity: 1876

Merit: 512

The PayPal story is a very positive new for the space, people want an edge agains the FED BRRRR and the only alternative that most investors have not gotten exposure to is the Crypto, this story makes me believe the $100k BTC come December 2021,

Gibreil

member

Activity: 805

Merit: 26

It could be a daydream for BTC hodlers but a nightmare with altcoin supporters. Is it really a breaking news? Because it seems like having a FOMO in bitcoin. Imagine how volatile the bitcoin today. It really brings popularity in bitcoin as we all know that paypal has a lot of users worldwide.

Furryball

member

Activity: 490

Merit: 19

If this happens I can't help but say that Bitcoin will become extremely scarce and costly, there will surely be more adoption rate and even top altcoins will surely revaluate, I hope this will come true soon, it will be a dream come true for crypto space, this is exactly what Nakamoto hoped and planned for. Crypto should be the new money

minairia3

sr. member

Activity: 1498

Merit: 326

Vave.com - Crypto Casino

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

Then they have crypto payment already. PayPal is famous and we can just see how they so eagerly wanted this. Maybe if its just a rumor, then in the future we can see it happening. If that's the case then bond of cryptocurrency and blockchain will go stronger and spread outside some merchants and maybe they will follow through. But this rumor could not make the market bigger in just an overnight it is a learning process and it will always takes time.

OasisDre

member

Activity: 532

Merit: 41

So even PayPal now knows how good crypto is ?? That's amazing news Cheesy

honestly I've been waiting for this day, if this makes strong headlines it can make Bitcoin surge higher in value, I can't wait for new bullrun season to start

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

I am sure that we can introduce cryptocurrency to Paypal users and try to use cryptocurrency.
The adoption process will grow since many people use Paypal for the transaction, and if they can use crypto as the alternative payment system, that can help crypto grow.
But still, crypto will need more time before the Paypal user can learn more about crypto, so they will not have any problem.
It will better if @OP can give the source links for that so that we can read more about the news. But lets we wait for the next news from Paypal, and we hope that can be a positive sign at the market.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

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

If this comes true, we're happy that we are first than them. It's still a rumor so don't rely too much with those news but it's okay to have a small hope that it's for real.
As for the news, it's said that they are hiring crypto engineers that can work for this integration. The fees will be much higher if they're already on it because they're a business. And as far as we know, they live with that while crypto itself is already good with smaller fees.
They will earn from the mark up fees.

Winscosinally

member

Activity: 490

Merit: 16

Forget relying or not, this will eventually happen at some point in crypto life, this is just the beginning, I believe that anything valuable can be used as money but crypto is digital currency, something we need for the future, it will surely happen

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

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 bound to happen at some point, the awareness of crypo keeps increasing and getting bigger, many now prefer to use btc in transaction than to use fiat which is not surprising, looking at the growing number of the crypto community, PayPal would not want to miss out on such opportunity, the earlier they start to accept crypto in their system the better it will be.

ILScoin

member

Activity: 224

Merit: 10

I guess that you must have heard about buying of cryptocurrency with PayPal, if you ask me that's a good adoption right there, bitcoin Atm all over the world had increase immensely, there are lots of retail stores accepting some cryptocurrencies as a means of payment, we ain't there yet but we are more closer in getting there

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

News like this usually makes the crypto prices go up but its also being used by the traders who keep shorting the market. So its the expense of those who buy the news and then those who keep shorting are the ones making money. It's hard to believe paypal will be integrating cryptocurrency but if they will, its a good thing for the adoption.

Topic: Prove that Crypto mass adoption is getting in place - page 2. (Read 387 times)