Topic: What PayPal's Entry Into Crypto Means For Users (Read 249 times)
PayPal understand that cryptocurrencies and their technologies are the future and therefore they made the right choice, and now even more people around the world will be able to buy cryptocurrencies through PayPal, because many people just use PayPal and now new opportunities have opened up for them.
Just like stated, if it comes to fruition; thus for now we can only but wait and anticipate. But on a more serious note, this is good coming from a platform like PayPal and if it finally happens I think others will be moved to take desired steps into getting involved and tapping into the potentials of the crypto space. To be frank, anytime I come across news like this, I pause and ponder all that were ever said about the crypto space and the current status now, therefore showing that the crypto space has come to stay and it is only a matter of time for platforms just like PayPal to get involved hence increasing their chances of more growth and success while getting ready for the future.
The impact may not be that significant, a lot of persons already have several option (cards) of buying cryptocurrencies directly without necessarily making use of it. In any case, this is a positive addition to the cryptospace
I just hope they will implement it correctly, unlike some services like Revolut, where you just "buy" the price, not the actual bitcoin.
For anyone who doesn't know, when you buy bitcoin on revolut, you can't move it to another wallet, you can just sell it. So it's like trading the price value rather than the actual BTC itself
For anyone who doesn't know, when you buy bitcoin on revolut, you can't move it to another wallet, you can just sell it. So it's like trading the price value rather than the actual BTC itself
This means that crypto still have many possibilities and hopes in future, it will be more interesting if PayPal really see interest in crypto but right now it's still not certain yet, let's wait and see, I hope PayPal team are serious on this
My concern with them adopting the buying and selling of crypto, how much will be their fee? Their usual transfer costs and considers to be high already for some users.
I think the fee will not be as high as their regular transfer fee, which will definitely be a competitive fee if they want to grow in this market.If this becomes a reality it is certainly good news for the cryptocurrency market, which will make cryptocurrencies more popular and will grow the market.
It's good for users but it will not be a good thing for DeFI or even the major platform that is used as a payment system in the crypto currency as PP will eat a lot of demand from the market. I like when crypto was still on its way by improving defi. paypal is already indemand before and till now so there is no need to worry if thats your concern but on the other side of the world there is that crypto that is also indemand for those people that does not like the idea behind paypal .
if paypal joins the crypto , that only compliments to crypto and both payment methods can benefit with it . defi is only a small part of the crypto so i dont think it will recieve a big impact if ever the impact will be negative
What PayPal's Entry Into Crypto Means For Users
PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform.
I never bothered to check about the amount of active users they had but in the beginning they had a lot of customers but eventually they lost majority of the customers because of their policies and the lack of customer support when your account is frozen and hence i am bit surprised by the number of customers they still have. PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform.
If this plan comes to fruition, PayPal will become the largest traditional finance company to expand directly into the cryptocurrency space, marking a significant step towards bridging the gap between the traditional and digital economies.
All of the financial transaction companies need to evolve during changing times to keep up the business and it is not a big surprise that they are adding extra business models to have a sustainable business during changing times. legendary
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If this becomes a reality it is certainly good news for the cryptocurrency market, which will make cryptocurrencies more popular and will grow the market.
It's good for users but it will not be a good thing for DeFI or even the major platform that is used as a payment system in the crypto currency as PP will eat a lot of demand from the market. I like when crypto was still on its way by improving defi. 
What PayPal's Entry Into Crypto Means For Users
Maybe that mentioning Bitcoin to Paypal is not a bad word? So far you were on a brick of being baned from using Paypal if you only mention word Bitcoin. It was so from about early 2013. Before that many bought Bitcoin with their paypal. It will be nice to see if this will change back to how it was before 2013.
First of all, please link the source from where you took the logo of PayPal. Another thing, yes it will make a major difference if PayPal really gets into crypto as this had been waited for so long and their community is vast, so giving everyone a chance to take the advantage of both traditional and digital currencies at one platform will definitely give a boost to the crypto economy and make the total marketcap of the overall crypto spiked up (with BTC and other major alts that get listed over there, being a top priority).
They noticed that they started losing alot of users to Revolut and similar platforms, and are trying to catch the train.
Up until few months ago, if paypal detected any crypto dealings, they would block your account permanently. But now when they see loses, they're eager to catch up
Up until few months ago, if paypal detected any crypto dealings, they would block your account permanently. But now when they see loses, they're eager to catch up
What PayPal's Entry Into Crypto Means For Users
PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform.
If this plan comes to fruition, PayPal will become the largest traditional finance company to expand directly into the cryptocurrency space, marking a significant step towards bridging the gap between the traditional and digital economies.
https://cryptodaily.co.uk/2020/07/what-paypals-entry-into-crypto-means-for-users
I doubt that will happen anytime soon because of two reasons, one is that paypal is a US based company and we all know how crypto is treated in US at regulation level secondly, when it was asked from a top level employee of paypal he said he cannot confirm the rumors. So this also shows that till now there is no real work in this regard at the development level so this thing may not be near. PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform.
If this plan comes to fruition, PayPal will become the largest traditional finance company to expand directly into the cryptocurrency space, marking a significant step towards bridging the gap between the traditional and digital economies.
https://cryptodaily.co.uk/2020/07/what-paypals-entry-into-crypto-means-for-users
My concern with them adopting the buying and selling of crypto, how much will be their fee? Their usual transfer costs and considers to be high already for some users.
I think the fee will not be as high as their regular transfer fee, which will definitely be a competitive fee if they want to grow in this market. 
If this becomes a reality it is certainly good news for the cryptocurrency market, which will make cryptocurrencies more popular and will grow the market.
I doubt people will want to use their services when there are alternative especially due to the fact that they have numerously freeze users funds without giving reason for doing so. Also because it is going to be a centralized platform, users will not have sole control over their wallet. In the other way round. Paypal will bring about more crypto adoption by other payment platforms
You just spoke my mind and truth about the said PayPal. This company should have be the very best thing that would have happen to cryptocurrency but due to their past treatment to their customers made many have a second thought about their sincerity. They almost got many of their customers frustrated including myself saying this words. I don't trust them with my cryptocurrency and won't patronize them even though am giving the Chance. I will rather use other method of payment than facing the worst in the history of fiats. 
I am just seeing this news 
so PayPal is really going into bitcoin and cryptocurrency as a whole? Wow, that’s cool.
The cool thing about this is that they are going to help in promoting cryptocurrency, and a lot of people on their platform will get to know about cryptocurrency and it’s really going to push this to the next level.
Although I don’t understand how they are going to be functioning, will they partner with an exchange and integrate it to their platform so that people will buy from that exchange and make payment from their PayPal, or they want to become an exchange itself and start selling and buying? Can’t wait to see this, and I hope they don’t kill it off with a high fee.
so PayPal is really going into bitcoin and cryptocurrency as a whole? Wow, that’s cool.The cool thing about this is that they are going to help in promoting cryptocurrency, and a lot of people on their platform will get to know about cryptocurrency and it’s really going to push this to the next level.
Although I don’t understand how they are going to be functioning, will they partner with an exchange and integrate it to their platform so that people will buy from that exchange and make payment from their PayPal, or they want to become an exchange itself and start selling and buying? Can’t wait to see this, and I hope they don’t kill it off with a high fee.
I will prefer to wait and see this actually get working in crypto space before talking about it, I'm tired of good news that never get worked out in the end, I've seen many good news like this in the past and no single one works out, it's not a time to rejoice yet, not until PayPal really gets into action
Yes, that is right, it is really bad to see some good news which can not effect on cryptocurrency. When we see such news, we would be so happy, but our happiness will not take a long time. Paypal is a really popular company which is used by the whole world. l think this step can affect so good cryptocurrency. We will see what happens.
I doubt people will want to use their services when there are alternative especially due to the fact that they have numerously freeze users funds without giving reason for doing so. Also because it is going to be a centralized platform, users will not have sole control over their wallet. In the other way round. Paypal will bring about more crypto adoption by other payment platforms
If this is true, then a huge number of new users can join the crypto community and become potential investors for new projects. This can have a positive effect on the cryptocurrency market. We will wait for official statements from PayPal.
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