Bitcoin Forum

Everything with crypto keeps getting better, thanks to binance, the team and CEO isn't aiming for their pockets only but helping crypto in general, they understand how important mass adoption is for crypto to survive in future, now I heard binance card is getting launched soon, thank you binance and team

Another good news this year is about PayPal involvement in crypto currency, imagine how easier mass adoption will become if PayPal implement crypto payment?

https://i.imgur.com/DJoQhfP.jpg

I even believe that Decentralized Finance and Stable coins will play major role too

So far.....So good with crypto, at least we are getting some where, step by step, bit by bit

will it be a threat for defi as it can grab all of the demand that already around the DEFI that exist in the crypto ecosystem? I doubt if that will bring a good impact on the crypto.
If Paypal tries to adopt crypto and what will be happening with the project that focuses to create a payment gateway for crypto?

Very pleasant news to hear anyway.  I want to believe that all these and many more positive moves to create mass adoption for crypto will definitely come into reality, because we've heard of many news like this that later died down.  It is the joy of everyone in the space for news like this to come into reality. Kudos to Binance and everyone making efforts in the mass adoption of crypto.

they can still launch their own payment gateway since they are offering almost  the same services .
Paypal will only dominate because it already has many user's .
The possible scenario is the adoption  of crypto may increase because one of the largest online payment PayPal is adopting crypto services . And the users of that platform can now easily buy crypto using that platform and they have a lot of user's thats why I think it's  still a good news since mass adoption is what crypto currency need to have many investors.

Another good news from known payment gateway, however, I wonder what will be the response of those users whose account were frozen due to crypto dealings before. Are they going to apologize for that previous situation now that they are going to integrate crypto services?

You sound as if PayPal is the only payment solution we have in real world today, whats wrong with having more than one crypto payment solution? PayPal existed but Wepay and Alipay still become successful, do you know how big payment solutions can be? You have no idea

Binance card has already been launched in the market. It's just a matter of time before it is launched worldwide. Read the post below,

https://www.binance.com/en/blog/421499824684900479/Introducing-the-Binance-Card-Shop-and-Pay-With-Crypto-Anywhere-in-the-World

Current list of countries:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Gibraltar, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom, Guadeloupe, Guernsey, Isle of Man, Jersey, Martinique, Monaco, Reunion, San Marino, Saint-Martin, The Aland Islands

Ref: https://www.binance.com/en/support/articles/ed89f6797ae943ad87841e58591eb229

Indeed a great step forward towards mass adoption!

I have not heard of a partnership between Binance and Paypal, there was a partnership project between Binance and a Visa card but it failed, and then Binance purchased the largest share of Swipe.io (http://Swipe.io), a portfolio that has a partner in Visa.
Although this news may delight many if there is a partnership between Binance and Paypal, but also there is a fear of switching to centralization after Binance purchases and controls many electronic payment services and third-party services for cryptocurrencies.
Can you put the news link?

Finally the world is aware that crypto has many usages, there are many other implementation of crypto such as to track the authenticity of goods and property and many more. It will be great if paypal really developing crypto service and even better if it got integrated with paypal
Imagine how convenient it will be when to make a transaction in the internet what you need is just a crypto

Thats good news, to hear! will thats not surprise me, because Binance is doing great much this year in terms of development. As Binance users since 2017, I can say that Binance never stops to innovate from the simple and humble beginning to one of the crypto industry giants. On the Paypal side well as we all know that Paypal has millions of users for me it will possibly bring more positive development to the entire industry as well.  

I will be a contrarian here, we appreciate CZ's effort, but it looks like he really taken so much control and power and it is growing by the day. Adoption will come, but we shouldn't be forcing the issue here. We have more leg room here, 5-10 years down the line. I would rather see the market mature instead of third party like Paypal, who by the way, was anti-bitcoin, but suddenly chance their stance because of one reason - the potential profit they can make from us.

We've heard alot about crypto good news in 2018 and later they died off, I hope this isn't another crypto rollercoaster that will take us to no where but just rounding the circle over and over again, I hope this time PayPal will actually make this a possibility, the only thing holding crypto back is mass adoption

What? I'm fine with PayPal making every pennies they can from crypto spenders but it will be a massive eye opening for the world, this will make crypto become widely used by people who even don't know about crypto till this day jump right in, it seems you are only looking at what PayPal will make from this and not the impact it will have on crypto.

They are late for party in my opinion, they were against bitcoin, against entire crypto, and like that for years, and suddenly they changed their mind? What was the reason we still don't knows, I guess it's good thing for crypto because it will bring new people, it's a good advertisement. It will be interesting to see what will tehy do exactly and what will they offer, I never had PayPal and I will not hurry to try this new stuff, but if crypto community have a positive reactions maybe I will try them too, who knows.

PayPal used to go against Bitcoin in the past but why now? Anyways it's all still good, I'm not looking forward into this though, Alchemypay and Binance is enough to drive up the rate of crypto mass adoption, if PayPal can work this out then it's all good

Well the adoption for the bew era started,this might give more trust to the people who have been thinking crypto currencies are only for illegal payment.If paypal starts accepting cryptos then it will play a major role towards merchants to accept cryptos so they can easily process payments from anywhere in the world for their customers purchase legally.

One of the reason why people are not comfortable using crypto is the technical aspect involved with learning to use crypto. If established enterprise like Paypal would integrate crypto buying, selling and trading within their platform, people would find it much easier to go with as they'll feel it better to buy using the interface they are familiar with. And as they get used to it, they'll look for better alternatives promoting overall crypto adoption.

Binance is such a big help to the community, he makes us believe, that an exchange is capable to make a big difference in the industry and the company contributed a lot by helping investors find a good projects on their IEO based crowdfunding, they acquired Coinmarketcap for transparency in volume and liquidity, there's more to come for Binance that we have to wait.

The good thing about centralized projects is they earn more and efficiently enabling them to spend some of their profit on advertisement, promotions and creating tutorials and better experience for the users. We can't expect a global crypto adoption without the involvement of private enterprise specially when we are still away from creating a decentralized cross platform solution. A centralized platform can easily integrate fiat and cryptos without the need for users to do trades manually.

Paypal and most of the large financial business were hostile to crypto just a few years ago. Many called them bubble and Paypal specially tried to avoid it as much as possible, making P2P crypto trading illegal on it's terms. As crypto and specially bitcoin held it's ground for years and along a lot of turmoil, they are now realizing crypto is something that's here to stay.
Paypal current crypto love is just a last moment resort to save it's business as it sense crypto could easily replace it and provide a much cheaper, quicker and efficient option.

Still all words to me, not until PayPal actually take step I'm still not buying this presently, I'd prefer to wait and see how things go, I'm into DeFi projects right now, seem to be the only new thing that works in crypto space

We need a lot of frontliner like Binance to help our cause, things will be different if we have companies like Binance who always think about how to make adoption fast and easier for the world, another thing is the need to stop these scam giveaways and exchange hacking, it is the things that stopping people from using Cryptocurrency, because of the fear of getting hacked, they want a third party to take care of their money.

Rumors were already there in the market about paypal implementing crypto payments from last one year or so but it was never officially confirmed. Now seems like they have devised the initial strategy or programming to implementing crypto and that is why they are accepting this fact and looks like we will have a cryptofied paypal in few months.

Binance has done a lot for the improvement of the crypto world in general, they deserve to grow in the future.
They are the most active IMO on bringing or helping the adoption in the crypto space, their platform has been bridging easy transaction between fiat and crypto and that's really the key for the future success, so kudos to the team for their passion to make this crypto a bigger world and a better world to live.

However, we need to be aware that regulation will be felt more, let's just accept it, that's part of the process.

Isn't that what we all wanted! All the anti-bitcoin should see reason to be btc lovers, it doesn't matter what is the motive behind changing their mind, the important part is they are gradually coming in, instead of being against btc, they are now supporting btc,
Rather I think you should wish there are more cz in the industry to push things to the right direction, all cz has done was to make crypto easily accessible to all, he may have some shortcomings while doing that but he is working towards it unlike many who just look for opportunity to siphon.

Binance team are the most amazing thing in crypto space presently, they keeps doing what they can to make crypto adoption grows better, binance can get this job done even if PayPal goes back on their words, I trust binance more than PayPal

Paypal can still change their mind on this crypto thing, don't rely on them, remember that they are so against crypto solution in the old times, i won't be buying this presently until they actually make it happened

Well.. I would agree. During my early days, I used to hate Binance. But now I have to admit that they have done a lot for the cryptocurrency users. And I would say one more thing. Investing in the Binance exchange (or rather BNB) would be like investing in Microsoft during its IPO (in 1986). Binance may grow enormously, if cryptocurrencies become more popular in the future.

So PayPal finally realized how indestructible crypto projects are? Lol many believe that crypto is another bubble but I'm glad they are now opening their eye to see how unstoppable crypto is, I won't bet on Paypal still but I'm sure binance will play vital role in crypto mass adoption

What binance did affect people out there, so they can know about cryptocurrency, and with binance launched in the market in many countries bring a new experience to the user. The adoption of cryptocurrency itself is still running, and it has good progress depend on a few years ago because people now can accept that they have another payment system that they can use to pay. But until the government allows the cryptocurrency for the payment, people cannot use crypto everywhere, including in the local store, because people don't want to break the law.

As a forward looking online payments and transfers based company paypal should have implemented crypto a long ago, now they are either doing this on massive public pressure or they are losing business because people are moving to crypto based wallets and payments online which is making paypal outdated but finally it is good to know that they have decided to come on board and this will be win win for all sectors online especially crypto market.

Many big companies and various sectors see the progress of cryptocurrencies and their technologies and they understand that it is urgent to start working with cryptocurrencies to get incredible profit and new opportunities, and therefore companies like PayPal are starting to adapt in the cryptocurrency field.

I have seen a video regarding the involvement of Paypal in cryptocurrency and now it comes up again.

Take note that Paypal has ~300 Million users worldwide. An adoption of crypto in Paypal will be a huge boost for the crypto as a whole. Well, lets just hope that this will turn the tides into where is Bitcoin heading to. We saw Bitcoin's price going sideways for weeks already and we don't know where it will go if it is up or down :X. Mass adoption is progressing and this is one of them and many more in the future as more establishments are seeing the benefits of crypto.

There is a saying that "Rome wasn't built in a day" and this applies to crypto adoption. If actually PayPal embed crypto payments, it's going to foster adoption with a great margin. In as much as DEFI is giving crypto more and more exposure due to people gaining interest, we still need security/audition projects like Quanstamp to ensure smart contracts for instance have no security issues. This is because aside regulations, security is another area drawing crypto back from mass adoption. We also need regulations enacted and better products from crypto projects which can be used mainstream.

I think it's because our society slowly switching from traditional money to cashless and more people are understanding cryptocurrency. it will surely bring a huge benefit for getting away from traditional money and advance our technology. im sure paypal seeing huge opportunity and now developing their own service because getting late in the game is not good thing.

PayPal team should be ashamed of themselves, after all those bad words they used on the technology now they've realized the true potential of crypto? I know what attract them to crypto is it's success, crypto is very strong and it's impossible to die, they knew they will make fortune if they implement crypto payment

Just because Paypal is starting to adopt it, doesn't mean that it will really be mass adopted BUT it has that possibility since Paypal is usable Internationally. I still think that the best way for Cryptocurrency to be mass adopted is to learn from it in Universities and Schools. It would really help people understand what Blockchain is and how is it gonna help the financial economy.

Woow 300 million users? that's huge and will be a great big impact if PayPal start processing crypto transactions. I do have my bias on this, it won't be easy to implement. However, as OP wrote, slow and steady crypto goes to global adoption. I'll be extremely happy if Binance card launches and I'm able to obtain it and use in my country. CZ is truly a game changer in crypto space with so many innovations all driving towards adoption. Imagine the number of FIAT pairs already on Binance, it's a huge step forward.

Was there a price for how they acquire this Swipe or this  is just a partnership?

The news article I've read few days ago said it was just a partnership. If binance purchased swipe in time where paypal also announced they are trying to get into cryptucrrency, it would appear like binance is after to compete paypal soon. They've been innovating a lot by allowing anyone just like LBC into Binance.

Hopefully, it comes pretty quickly because we have been waiting for years. People are constantly saying we are new and we are new and we.. yeah we get it we are new. However, we are not even adopted as much as some computer game.

Every year there are some games that sell to like 10+ million people and I do not think we are even there yet, hell pokemon go was downloaded 50 million times in just 9 days of its existence, if we are not even at pokemon go level how are we suppose to say that we could be the future of finances? I do not think we are nowhere near the level we should be, we are at around level where a small improvement on pipe line technology level, yeah we are used but we are still not the standard and we are still growing very slowly when there is some new building with a modern constructor.

Yeah its a nice integration but im wondering on how paypal would do integrate crypto into its platform knowing that it totally contradicting to each other in the first place.I didnt expect for them to end up on this kind of
situation on where they do tend to accept nor adopt their biggest rival when it comes to payment.For sure they do just like to test it up on how things works and they might be just observing and not totally
willingly to adopt in on the first place.Well this is just my presumptions and lets see on how Paypal would able to do this without any hiccups or problems towards their service.

so far it's just news. Paypal needs to be able to implement the use of cryptocurrencies in its service and face into problems with the interaction with the authorities.

If this will happen sucessfully, then it will be a big step for crypto even if we knew before that Paypal was against crypto and suddenly it's already adopting crypto services now. Promotion for crypto and its road for mass adoption could be much easier knowing Paypal that is mostly trusted by many people when it comes to financial services.

i have witnessed more countries and companies accepting cryptocurrency as means of payment  recently so i think the era of mass adoption is actually close by . Moreover , the features of blockchain Technology is worth adopting in different sectors of the global economy so i expect more adoption soon.

These are very encouraging news and/or update for everyone in the crypto space. Starting with Binance card, it is a clear definition of a team with focus who want to touch every aspect worthy of crypto and its mass adoption. I believe with this card, there will be easy access to crypto, now imagine what that means for the entire crypto space in general, it means massive attention coming from the best crypto exchange. On the other hand, in the case of PayPal, it is also a welcome addition because it can now be seen that crypto will continue growing and all the world can do is to get involved. I also see it as PayPal trying to keep up their competitive advantage before another platform beats them to it. Furthermore I also agree with you, mass adoption is really closing in.

Absolutely very true.. Several projects have been at the forefront of this drive and push trying to bring the mainstream and several key sectors into blockchain and the enormous potentials of cryptocurrency. This is beginning to yield friuts with several penetration of blockchain currently going on. Its only a matter of time before it becomes fully adopted.

All hope on binance team, they can do better in helping crypto gain mass adoption, I don't trust PayPal yet not until they actually take real actions, presently it's all words, they will do this, they will do that, action speaks louder than voice

If Paypal will collaborate on the new Binance card then it will be a big adoption on financial aspect. I do remember that Binance only tweeting about it few weeks ago but now its real. They already rolling cards on europe and Uk. Hopefully it could be used for global already cause a lot of users will surely signed up for it.

Paypal decision is positive and this will start a good era for crypto and blockchain.

As big as Paypal company is they can't do this alone, we need more than Paypal to start making crypto useful for means of payment all around the world, Binance will surely do something too, I knew about two other companies that are taking this steps too

1. Blockcard
2. Alchemypay

Yes, speaking is easy, but doing what has been said is not easy, because every plan and concept will always run smoothly if there are no obstacles and obstacles when implemented, but if there are suddenly obstacles or obstacles, then the plan that has been prepared obviously will be changed in order to be successful, so acting is not as easy as talking.

Binance and Paypal can help the cause of Cryptocurrency adoption, we have seen how Paypal rules the traditional payment and they are goign to make a lot of innovation now that they are here now in Cryptocurrency, they have the experience and the expertise to do this, they will compete with each other but it will be a healthy competition.

What is your point about those crypto enthusiast who uses paypal back in the days and wherein we got warnings from them about our crypto activity? Should be get some form of apology, specially accounts that has been blocked? Isn't it just unfair now that they are going to be pro-crypto but they have done some damage to crypto users before?

I like that OP talked about binance first because I think binance is the only exchange working towards bringing crypto adoption to reality, PayPal can't be trusted yet but if it eventually happens then crypto is going places, mass adoption will takes place

We as both spectators and users can only wait for this to see the results, today everyone can make predictions and speculations, but all of that will be seen after everything happens, so let's wait patiently.

Sooner or later mass adoption will occur due to the proof and guarantee that the blockchain in general is displayng. However, the major obstacle at the moment at the present time is the regulation of banking institutions and governments around the world. Thus, the bureaucratic system of laws in the world is the primary impediment today for cryptocurrencies.

Yes, I wonder how banking institutions and governments would take this move by Binance and soon Paypal too. I think we're only at the beginning as this pandemic occupied a lot of thing so they hasn't realize it yet.

Also one of the smartest investors in the world talked about cryptocurrencies as one of the safest assets. I am talking about Robert Kiyosaki, who told me that Bitcoin is probably a better investment than gold, but he didn´t recommend it to newbies because it is still highly volatile.

The people who uses this system will be the best basis for mass adoptions to take place,
success start with those true believers.


They don't see the benefits yet, and also, they are not getting favor that's why they
are still in denial to adopt the system.


No question but in due time it will succeed and implementations and adoptions will
happen along the way.

2020 is the beginning of mass adoption, Paypal is the best news now, and Microsoft also has good news earlier,
they partnered with Waves, and that was an extraordinary adoption

I think it was a good time to implement crypto credit or debit card. If anyone have problem with that then you can use this pandemic, social distancing,... as a leeway to move toward cashless payment. Soon or later, crypto will become a normal thing in our society and best to play our card right to reduce dissatisfaction from the opposite groups.

I think so too. Until it doesn't happen yet it will just remain as a rumor. 
There isn't yet that is coming if it were real the people would have been buying Bitcoin buy now which the price could have gone up but instead falling since that news come. I have to admit that we need major payment services like paypal to pump up the crypto market.