Bitcoin Forum

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

PP has a lot of users and it will give so many advantages to the crypto to get more adoption as it can also be considered as a very good advertisement to the crypto too.

When any projects were working on their own field and that will create a really good ecosystem.

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.

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

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.

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

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.

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.

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

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.

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

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.

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,

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.

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.

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.

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.

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.

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 (https://www.paypal.com/us/webapps/mpp/ua/acceptableuse-full#prohibited-activities), 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 (https://www.newsbtc.com/2020/06/24/paypal-venmo-bitcoin-news-much-bigger/)). 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.

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.

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?

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

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  :D.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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

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..

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.

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

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.

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.