I am excited about the price, not excited about paypal at all.
This can't be a whole story, maybe they wait for some legislation.
Otherwise, why would I buy btc on paypal when I cannot buy anything with that btc and/or move it around?
there is a pretty good chance, eventually, that PayPal will act like Coinbase and crypto.. under US rules that way...IMHO...we will see...but the main thing to me
is it opens up Amazon, eBay, etc to folks overseas with only BTC or LTC or whatever as an option to pay? Thus Amazon does not care about your credit
rating or bank etc ...in the 3rd world nation to get a product..using BTC/crypto .and/or the consumer from their knows they have PayPal protections with their BTC under
Paypal.
win/win...adoption should explode....with a lot of these international bottlenecks or corrupt banks or corrupt gov't sidelined...
it should be 'huge' IMHO even if "once the crytpo is in PayPal it is 'fiat' setup....just too good to be used internationally and for world wide commerce and adoption IMHO.
also the more adoption.the more my portion of 18.5 million BTC of 'virtual landscape' with use goes up in value.
I always think of BTC/crypto as 'virtual land' in that the original internet the $$$ were in the applications like facebook yahoo etc..not the internet backbone
but with BTC/crypto, IMHO, the value mostly is in the backbone or network (btc) which is reflected from the application and useage and adoption
or so I'm looking at it
Brad