Bitcoin Forum

Seeing giant private companies joining the cryptocurrency adoption is really something awesome. And just recently we have witnessed the announcement from several countries of their support for cryptocurrency adoption. What are your thoughts on these guys? https://crypto.co/news/crypto-news-indian-mongolian-banks-offer-crypto-services/

There will be more massive adoptions once PayPal takes the lead first, I'm more bullish on PayPal involvement in crypto than any other news right now, with this the sky is the limit for crypto, in few more years the dream of using crypto for means of payment is come true.

 I'll only be excited if the companies are building/adopting the right platforms for their businesses. We already have too many custodial exchanges/platforms with lots of coins in their custody... this is not really good for cryptocurrency long-term. if coins supplies are held on centralized platforms that are not subjected to Decentralized crypto Network rules, it could seriously affect or be used against decentralized cryptocurrency in future.

Oh India, they do accept crypto before especially BTC but they ban crypto all of a sudden same with Korea and China which result on cryptocurrency dump before. I believe that time, Most of the country are not sure on how to regulate crypto. This time might be the same story before, They might want to follow the flow of cryptocurrency since it gain momentum again. Its too early to celebrate about this kind of news. Nowadays the effect of this kind of news is for short term only.

Paypal has taken a huge step towards the massive adoption of cryptocurrencies. Gradually, people will begin to enter the course of the crypto world and bitcoin will become more and more available for purchase. Now a jump up in prices for bts is the result of the paper's decision.

bitcoin will continue to grow all will continue and the price of bitcoin will go up I feel this year will be the year bitcoin will reach its peak and until the end of the year, bitcoin will continue to rise I see good news about bitcoin continues to appear things like this that make bitcoin prices will continue to rise especially Paypal has included cryptocurrency as a trade on their platform, this is what makes bitcoin prices go up to the moon.

It is good news if we see more of these giant companies to start adopting cryptocurrency. Their actions are making the market bigger and expanding as much as they can. The hate that has been circulating for the cryptocurrency market will start to lessen and people will understand that they need to take it seriously. And if it's the banks that will start adopting it, we will see another integration from them and that's very possible in the near future.

i believe next year a lot of giant company will adopt cryptocurrency my friend
because after paypal, i believe a lot of giant company started to learn about cryptocurrency

Its a good news that there are plenty of countries that support bitcoins and other crypto currency due to these it may raised the demand of bitcoins and other cryptocurrencies and may cause to raised its value once again. Every country are now facing the problem due to pandemic the demand of fiat money have been decreased these few months and digital currencies are at most used. Due to these Every economy have been undergoing recission and crypto currencies open a new path to sustain the financial problem of some countries that's why most of country today's are supported by cryptocurrencies.

It's been a year of realization for private companies. They have accepted crypto as the future of finance and have jumped into the wagon or are trying to come up with their own cryptocurrency. But still the government around the world are reluctant if not oppressive towards the use and adoption of bitcoin and other crypto currencies. Some have realized the potential but are forcing users towards a centrally controlled token.

I am more than sure that banks (almost all of them, at least in Europe and North America) will adopt cryptocurrencies. They will have to do it and agree on the fact that crypto has become a part of our life. These banks, finally, can make profits on cryptocurrencies.

You might be right, if there won't be another new policy about these industries with cryptocurrency acceptance. Remember that, the world of cryptocurrency still evolving and need more regulations from the government. For PayPal adopting the payment of cryptocurrency on their platform is a welcome development which might made the global adoption possible soon. Well, PayPal company just allow it users to buy and sell cryptocurrencies but their TOS somehow is a concern to me indeed.

we should look forward for more adoption coming 2021 becasue of this news from PayPal company, which is a giant in payment system with huge investors worldwide. Also, hope to see more coins be adding to their coins chosen for a beginning.

Amazing how many countries today express their interest in developing digital currency and then theres IRAN adopting BTC. Columbia is just one of the country in South America adopting BTC through the number of ATMs.

If the majority of the countries are adopting BTC takes place, the price of BTC could really pump up to more than $50K and you can imagine how much an altcoin could be when it fly to the moon too.

It's nice to hear several companies from different countries are positive towards crypto and even providing crypto-related services. I believe that this can help bitcoin to gain recognition in certain places mentioned in the article. Let's hope that more businesses in the future will be also open for crypto adoption. But aside from companies adopting crypto, I want to hear news about more people or customers that are using these crypto services provided by the entities because it will show that people are actually looking for these services.

and i believe soon or later bitcoin ATM will be available in a lot of countries
because a lot of good news coming to crypto again after in the past few years crypto market in red colour

cryptocurrencies are actually a new financial product that could offered to public audience. I am not surprised by the last moves (like the companies that bought bitcoin) and I will be less surprise if also institutional service will start to buy and hold bitcoin as form of wealth reserve.
Probably money and wealth are becoming more digitally then what we have seen in the past. it's just matter of times, but the revolution can't be stopped ;)

No doubt we are inching closer to crypto mass afootion with every passing day now.
Many countries have not only allowed but encouraging use of crypto.
Some banks in many countries are allowing to buy, sell or exchange crypto.
Many big brands are endorsing and encouraging the use of crypto, all these things indicate mass adoption is slowly but surely coming.

My thought on this is that we are just beginning, we might witness a major mass adoption as we move close to the bull run, many cooperate organizations and different Nations will end up adopting cryptocurrency directly or indirectly.

do not be surprised if the price of Bitcoin can reach ATH in the next year, adoption has already occurred,
there are often rumors that India does not like Bitcoin, but now news of adoption is happening there,
it is very interesting that Fomo happened this time, the Bitcoin story is still long, many experts predict that adoption will be keep happening.

Mass adoption of cryptos has started, institutional investment has started.

Cryptos are here to stay, Fiat has its days numbered and banks too.

This has been coming since the internet of easy things appeared ...

This is the result of financial institutions worrying about the Dollar inflation and the cycle of economic collapse every 10 years.
This has prompted financial institutions and governments in countries to find a way to retain the value of their money, and thus clearly see the value of Bitcoin.
I see that they made the right decision when Bitcoin just finished the Halving event. This also helps our crypto market have a new source of money to pour into and certainly potential projects will have the opportunity to grow as well as 2017.

I think the future of using cryptocurrencies is inevitable, and even the most demanding governments cannot stop it.
Private companies and governments that enter this market early will receive advantages over late arrivals. Certainly in the future there will be more countries accepting cryptocurrencies.

Even if we mass promote the benefits of using crypto currency there still things that we should keep in mind most especially its negative sides or disadvantages. I don't think using bitcoin would be effective around the globe because of some reasons like there are countries who has a lot of citizens who can't even afford to buy a gadget how much more the internet connection and also the age of the users because we all know that the elders are not that techy to use crypto currency.

It can only be good.

Some companies or partnerships are buying more BTC than is produced each month.

That must be contributing to the upwards pressure.


The halving has settled. Time for some BTC realisation.

The support will grow with weeks, months and the mentioned timeframes will turn to years if Paypal can declare the full legalization paperwork for worldwide merchants. Not only India but other big governments will join the trend and they will lead the specialist for creating the government-backed up crypto projects.

I can’t tell, but the one thing I know is that it is going to lead to another bull run and price might be reaching another ATH with the way it’s going now. So, the next question is what happens after that?

It’s definitely going to be another crash after it gets that high I guess. And then third question that follows is that will these giant companies be holding their assets on Bitcoin after it has reached a new ATH price and maybe shows signs dropping again? Because a lot of people will try to sell at the next ATH, many people have been waiting for a moment like this for years now.

the world will still find it difficult to accept Bitcoin, especially the USA,
 maybe the ones who will start to fight the domination of the Dollar are China and Japan,
and we know mass adoption is happening in Asia, somehow the USA will handle this if Biden will win later.

It was a starter. They are only waiting PayPal's operation and looking at the welcoming effect of it from the market. Those companies that are still speculating how big this market is, if they are a huge company and still doubting the power of cryptocurrencies. They are missing a lot from the market which can turn into their own profit. PayPal has made the right decision and I think 3-4 years ago, many of the discussions on the forum have been talking about PayPal's adoption because it's for sure that they can't win against it.

Which giant private companies are you talking about dear? If you mean paypal then yes, the implementation of crypto by paypal will legitimize crypto and boost trust for people who still do not believe that crypto is a real thing or have opinion of crypto being a fake or virtual thing without any real value. I am sure such people will get a reality check when they will see crypto in their paypal account.

that's really good news for us. Those parties have been helping crypto to get massive promotional too. I have been seeing the PayPal's impact on the price of bitcoin. it's also changing the perspective of crypto too.
After the paypal news so many parties have been trying to join the bitcoin and get some to be used as their portfolios.
The news that came from the institutional will help crypto to get massive adoption.
We need more big institutional investors to join in crypto to spread the name crypto in all countries.

Yes, other establishment are slowly believing in the capabilities of cryptocurrency as a digital asset and at the same as digital currency. Most likely establishment that are willing to take part and risk their money would turn out to be successful as seen in the other threads. Some companies are actually a record holder of most bitcoin holds as their asset and reserve for cash just like gold that they could get whenever it is needed.

It is not a big surprise that many companies are joining the cryptocurrency bandwagon as it is a market that cannot be neglected as it is the most promising and emerging markets in the world for the past seven years if you compare it with other financial markets and these companies needs to adapt for their benefit and in turn it makes things easier for the casual investor.

Another one joins the crypto world! All I can say is that this kind of phenomenon will continue to happen as long as people starts recognizing the usefulness of Bitcoin and other cryptocurrencies. The growth of cryptocurrencies are inevitable at this point because even famous personalities are joining in.

One stop closed to the true mass adoption I guess. Right now almost everyone who's tech savvy enough know about crypto whethern in depth or not and I think it's growing so signficantly compared back then in 2010. Tbh if large companies starts to adopt crypto one by one it will trigger massive adoption like some sort of domino effect where other companies get attracted too. It then gives a chance to crypto market to grows its market capitalization.

Why is the news of Bitcoin adoption by PayPal so exciting? What will this change? Yes, you can safely buy bitcoins, and yes, you can spend them. But only in this payment system, nothing more. You cannot withdraw them, you cannot transfer them to another wallet. Moreover, your identity will be known. When Satoshi introduced the idea of ​​Bitcoin, Bitcoin had to be anonymous and decentralized. And with the help of the payment system, bitcoin becomes a regulated coin.
Continue to rejoice further.

I read a lot of news that countries are accepting and initially thinking about CBDC, and I will be a big influence in this market, maybe this is the upcoming trend, with a series news of adoption of crypto, and participation in the field. I also looked at some of the problems and I realized that it took us 10 years to build what it is today and we want people to accept it first. And the next time it comes, people will use it more.

Mass adoption of cryptocurrencies by financial institutions? An excellent example is that the central banks of many countries announced their plans to establish a national digital money using cryptocurrency. When cryptocurrencies become a generally accepted term in the financial world for the average consumer, decentralized cryptocurrencies like Bitcoin will have a much better status and will no longer be portrayed only as a speculative investment.

This is a long process of this market, by 2020 it is completely different from the early years of this market. We have built a lot of things in this market, and it's really huge and very potential, adoption from large corporations, or hedge funds that continually buy crypto as holdings is a huge stimulus in the market. I think paypal adoption is just the beginning of a booming era for cryptocurrencies.

PayPal adoption is still in the testing phase and we need to wait for many months before it is known whether everything turns out well. But this is perhaps the biggest push received for Bitcoin adoption from the mainstream market so far. The exchange rates for Bitcoin and the alts at this point are not reflecting this big trigger, but I guess we will witness a steep spike in the prices sometime in the next 6-12 months.

The thing that made this a bigger news was the fact that paypal provided this option to people who were not involved with crypto as well, sure there are people who use crypto and paypal but there are MILLIONS of people who didn't use crypto and only used paypal, this opened up a lot of possibility to start using crypto as well.

You could be an online shop who never considered crypto as an option, but when paypal added it, you could just simply add that option for customers who would love to pay with it, and as the shop owner you will later turn that into fiat if you want to. Mass adoption comes from offering easily adopting bitcoin to people who never even considered it, when people are faced with that option so easily they consider it a lot more than before.

Higher chance that cryptocurrency adaption will going to happen especially now that news are popping everywhere regarding the market price leap for bitcoin. There is a huge impact on this to the community that others will going to join too in investing cryptocurrency. Cryptocurrency adaption will be possible but first let us wait when it will going to happen and that there will be someone to lift cryptocurrency for community adaptation.

You are right, Bitcoin will continue to grow with this massive action or move from different giant companies as well as the banks all over the world. In fact, just recently news was released that Bitcoin surpassed Paypal and Other U. S. Top Companies https://crypto.co/bitcoin/bitcoin-surpassing-paypal-and-other-us-top-companies/. It's really amazing to see how Bitcoin does it.