325 million new potential users

[DoubleEdgeEX]

Since I haven´t found that topic discussed, I decided to start this thread.

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration 

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Your opinions on that news?

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[Slow death]

Since I haven´t found that topic discussed, I decided to start this thread.

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration 

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Your opinions on that news?

if this is something confirmed in the future (paypal integrating bitcoin into your service) have a greater chance that the bitcoin price will increase, but talking about the present I doubt that only with this news it is possible to break the $10500 which is being a very big challenge and until the day that paypal integrates bitcoin into its services the price maybe will be over $11000.

I had to click on the link on the paypal website to see if it was true, this time the news sites related to bitcoin are to be congratulated because they didn't post rumors, they posted things from the credible source

[witcher_sense]

I liked that opinion coming from twitter



If PayPal to add cryptocurrencies, it will be another way to control your purchases, transactions, surveill on your habits, etc. It doesnt increase the level of adoption in places where people have no access to banks. It won't help them to buy bitcoin and transact at any time they want. Governments will have an ability to prevent your from using bitcoin through PayPal that discrediting the whole network by creating an illusion that bitcoin is censorable. As a result, 325 millions will have misconception of how to use bitcoin network properly. Adoption of illusions, misconceptions and underestimations, not adoption of cryptocurrencies.

[davis196]

I would be so happy to send BTC via PayPal and pay insane 5% PayPal transaction fees on top of the usual blockchain transaction fee,just because I love Paypal and want to give them free money!
I would be so happy to have a PayPal Bitcoin wallet and stay in constant fear that Paypal is going to block,limit,ban my account for any reason they could imagine.
I would be so happy to setup a Paypal business acocunt and start selling good and services accepting BTC payments,so my buyers could easily refund scam me,by using the Paypal dispute/chargeback system and their buyer protection policies.
Anyway,It would be SOOO nice that Paypal will adopt Bitcoin.

I'm just kidding.We don't need "ScamPal" in the cryptocurrency world.

[pooya87]

The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration 

in my experience this (investigating the technology and hiring blockchain developers) usually leads to these companies creating their very own centralized altcoin like what Facebook have been trying to do.

but also in this particular case there is good chance that it is actually to integrate bitcoin buying option since these are basically online digital fiat wallet and would benefit a lot from fees they can earn when people buy bitcoin using their crappy services.

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Your opinions on that news?

i don't think this causes any kind of mass adoption because mass adoption happens when people start using bitcoin as a currency to buy stuff which will only happen when they become more willing to spend it and the merchants to become more willing to accept it.

[stompix]

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Let's assume all the PayPal users buy bitcoin and ...hurray we have mass adoption.
But for them to actually be "users" they would need to at least withdraw that currency to their wallet, otherwise, they would be holding just promises of payment from Payal. Now, there is a tiny problem with that happening, soon! 
For 300 million people to cash out their BTC it will take close to 3 years, and this only if nobody is using the blockchain for anything else.

Thinking of anything in the order of millions and adding things like soon, short time, in a little while is unrealistic.

The other aspect is that most of the people who are using PayPal have heard of bitcoin, those that wanted to buy have done it already, there is a very limited userbase that would buy BTC for the first time just because PayPal added this option.
Just look in this forum, a lot, and I mean a lot of people have a Paypal account and they are already getting their BTC from somewhere else, those will not be new clients.

One..let's say a good thing, that might come out of this is that maybe Paypal would take a bit of the tx burden from the chain if they would allow their users to send cryptos to each other and use their own system and not transactions on-chain. Of course, that would come with a lot, a lot of problems since it will mean they have total control over your coins but....it might be one of the advantages.

Anyhow 300 millions potential users, yeah potential, just like all US people are potential subscribers of the New Yorker!
300 000 new users that might be closer to reality.

[Botnake]

It would be a great news especially for countries who lack good exchanges as for sure with paypal, one can buy and sell their crypto at a standard price in the market. It's a big platform that has millions of users, it might not  lead to mass adoption as it's not expected everyone would transact bitcoin using the paypal platform but it would be a great help to meet that goal in the future.

With this big news, I believe soon enough there will be bigger news that will follow.

[MrMojoRising26]

It would be great, but until I see it then it isn't real! If I can have a friend venmo me BTC instead of fiat that would be sweet

[BlackHatCoiner]

Gaypal won't adopt bitcoin. What about their reputation? Aren't bitcoin and paypal 2 enemies? 

As @stompix justified why it won't work, I would like to ask. If it works, will we pay both TX fee and paypal fee? 

[stompix]

Aren't bitcoin and paypal 2 enemies?  

Actually, no, we're talking about two different things.
Paypal is a service, it can run on USD, bitcoin, gold, apples, pigs, or trading cards.
Bitcoin is a currency, it can be used by me, you, PayPal, BoA, Amazon, or the government of Niue.

If you consider Paypal an enemy, so could you said about coinbase, bitpay, or actually anything that provides a 3rd party service.

Anyhow, bitcoin needs no more enemies, it was supposed to kill a  lot of things and in reality, we might need exactly those services to collaborate in order to eventually reach that ever mentioned mass adoption.

[squatter]

Your opinions on that news?

I need to see it to believe it. PayPal has been trolling Bitcoin users for years.

I could certainly see them operating a service like Coinbase or Robinhood. Most of PayPal's users will probably ignore it, though. I'm sure they would charge exorbitant fees and track your Bitcoin usage too -- nothing to get excited about, really.

[jossiel]

I have heard of this lately and been discussed before where most people tells that they'll join because they can't beat bitcoin. And that seems to happen right now but until the announcement comes from PayPal, I like the idea of them adopting it.

They're a known payment processor and they have no choice but to adopt bitcoin. But for sure, the fees will be enormous and those people that don't know to transact bitcoin directly and still skeptic about it can use it through them.

[DoubleEdgeEX]

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Let's assume all the PayPal users buy bitcoin and ...hurray we have mass adoption.
But for them to actually be "users" they would need to at least withdraw that currency to their wallet, otherwise, they would be holding just promises of payment from Payal. Now, there is a tiny problem with that happening, soon! 
For 300 million people to cash out their BTC it will take close to 3 years, and this only if nobody is using the blockchain for anything else.

Thinking of anything in the order of millions and adding things like soon, short time, in a little while is unrealistic.

The other aspect is that most of the people who are using PayPal have heard of bitcoin, those that wanted to buy have done it already, there is a very limited userbase that would buy BTC for the first time just because PayPal added this option.
Just look in this forum, a lot, and I mean a lot of people have a Paypal account and they are already getting their BTC from somewhere else, those will not be new clients.

One..let's say a good thing, that might come out of this is that maybe Paypal would take a bit of the tx burden from the chain if they would allow their users to send cryptos to each other and use their own system and not transactions on-chain. Of course, that would come with a lot, a lot of problems since it will mean they have total control over your coins but....it might be one of the advantages.

Anyhow 300 millions potential users, yeah potential, just like all US people are potential subscribers of the New Yorker!
300 000 new users that might be closer to reality.

Great points right here. I just posted it as a topic to talk about I also don´t think that anybody lives in the illusion that all 300+ million user will now send BTC around the world .

As for the withdrawal, there might be a soution with an intermediary or Paypal will use just "virtual coins", with no effect on the blockchain itself. It could be something like a derivative. It would just use the monicker Bitcoin but use it just as an underlying instead. At this point, it´s just assuming around on rumours, but it´s an interesting development.

One thing some of you might not like, but to achieve mass adoption BTC and co will need to cooperate with big incorporations. People tend to trust them, and even if not, they still use them and therefore have if more conventient that working out how a Github privacy wallet project works. Bitcoin was meant for the masses, it´s not for a tiny elite

[gentlemand]

I'll believe it when I see it. And I'm sure there is a much higher likelihood of them going down the eToro/ Revolut route of letting you buy 'Bitcoin' but never being able to deposit or withdraw it. You'll be buying price exposure or IOUs that they'll retain control over.

If I were Paypal raw Bitcoin is not an area I'd want to get involved in. The potential for scamminess and money laundering would make my head explode. And if I were already a Bitcoin user I'd want to see some evidence of their competence in handling it.

[Coin_trader]

We can't guarantee that those 325 million user of PayPal doesn't use crypto. Most people are using master card or visa card already there's a lot of way to buy crypto using that method. PayPal might help to spread bitcoin awareness but not that much compared on how publishing site hype this kind of news. We are already on 2020 and I believe that PayPal user are well aware about crypto investment so if they really want to buy crypto, they will just use there card to purchase some since a lot of exchange are now accepting fiat for purchasing crypto like Binance, Changelly, Shafeshift and many more.

[The Cryptovator]

If PayPal start using Bitcoin then there would be some positive and negative effect at the same time. The positive effect is people will be use bitcoin almost everywhere where PayPal accepted although their transaction fees would be high, but at least useable everywhere. But I believe negative effects would be more than positive effect. For example dispute, since it will be internal Marchant transaction PayPal to PayPal then obviously there will be dispute option according to their terms & conditions. So it's quite against of bitcoin native behaviour. 

If incase this news become true then likely PayPal will act like Bitpay or any other centralized online wallet. So there will be more issue about verification, block account and so on. I haven't use PayPal although I had created long time ago because I don't like too much harrassment. But I heard they limit account, ban account and make some other issue. Anyway if its happen then somehow it would push bitcoin price for quite sometimes by creating FOMO. Let's see what will happen actually.

[witcher_sense]

~
The positive effect is people will be use bitcoin almost everywhere where PayPal accepted
~

That's exactly the delusion I was talking about. There is a small distinction between Bitcoin and, let's name it, "PayPal-coin". The first is the real one invented by Satoshi Nakamoto and is being run on a blockchain, which is, as we all know, decentralized, neutral, open, censorship-resistant, borderless, immutable, disintermediated, etc. We are using it because it has all of properties mentioned above and we also didn't ask for permission to access it. The second is fake bitcoin, it just pretends to be real bitcoin, because it doesn't have qualities natural for bitcoin. PayPal-coin is centralized, biased, closed, censorship-friendly, jurisdiction-based, mutable, intermediated and so on. People, who are not familiar with real bitcoin, may get a misconception about what bitcoin is and why it is valuable. They will never use bitcoin through PayPal, they will use PayPal-coin or rather PayPal-coin will use and control them.

[20kevin20]

Bitcoin adoption will not be Bitcoin adoption anymore if this is what we want. I'm personally very good without PayPal or a bank that allows me to use crypto anywhere. It's just a bait that does no good to Bitcoin in the end.

Cheering for a centralized platform, service or corporation to add Bitcoin and make it widely used through their centralized thing is just wrong. You're cheering for the initial Bitcoin's death and the rise of a controlled currency.

It's way, way better to cheer for Bitcoin to be accepted directly at a lot of stores rather than having it accepted through PayPal. If one wants to accept it, there are already a lot of options that don't even put you under the risk of "having the value drop radically after the customer pays". But they don't, and we should let that happen naturally. You could get a VISA card with Bitcoin on it, right? There are n options around, and they are centralized enough.

[Saisher]

They are really that focus to take part in in the Cryptocurrency revolution after falling from their partnership with Facebook's Libra project they are now focus on expanding its own payments expertise, they should do it now the potential to succeed is higher, their number of users is huge enough to make an impact in the industry, I have many Paypal users friend who still cannot grasp the idea of Cryptocurrency, now they will.

[supine]

If this would really happen then we would see a massive price increase due to the potential new investors.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.

[mk4]

For now, all we have are rumours. Regardless who's backing these rumours, in the end, rumours are rumours. I'll believe it when I see it.

If it ends up being true, though PayPal as a platform sucks bigtime, I'd say this is still going to be a net positive for bitcoin. My ideal situation will be as such:

People buy bitcoin on PayPal --> some are shocked that their funds are locked for some reason(because PayPal) --> they end up buying bitcoin on some other platform instead. And hopefully, with some learning about money, privacy, and security along the way.

[yazher]

This will occur sooner than we have expected since BTC always makes some noise in the media nowadays. especially we have only seen this few days some good news about it. no wonder the result will come to this and when we said about mass adoption, this will likely occur these coming years. maybe in the next BTC halving, the number of holders will significantly increase and the popularity will also follow. All thanks to the good result we have seen so far both in the market and the other companies who used BTC as their means of accepted payments.

[sheenshane]

I like the appreciation of the CEO of Binance, he acknowledged on Paypal's acceptance of crypto.

Sorce:

All I can see here is, business is business. Probably Paypal has an insight of wide acceptance of crypto in mainstream and this is the opportunity to gain profit from their 325 million users. Cryptocurrencies have gained a solid foundation either payments method or in medium exchange and I doubt this is what they saw and the reason of having tied up with crypto.

[shield132]

According to coindesk, PP has 325 million users, according to cointelegraph - 305 million While in reality it's really 325, did they change number to make their article appear a little bit different and "relevant"? Sounds curious.

Well, I wouldn't say that we get 325 potential crypto users but the main idea behind this action is to bring new users to paypal and grow their number. Crypto community is getting bigger and bigger, for example, Blockchain.com wallet has 47 million users.

Cryptocurrencies have a lot of users and they are very beneficial for development of their business. Analyze number of transactions on blockchain and bitcoin's value in USD, this is the extra profit that paypal misses everyday. I don't mean that they'll attract every crypto users but it's a wise step from them to gain monopoly here (but it's sad, crypto is becoming a victim of business).
Despite the fact that for me it has a lot of cons but not pros because from my view it's not a good that crypto is losing the main idea behind it, it's still nice news for a lot of people and at some point I enjoy it.

[Twentyonepaylots]

We can't guarantee that those 325 million user of PayPal doesn't use crypto. Most people are using master card or visa card already there's a lot of way to buy crypto using that method. PayPal might help to spread bitcoin awareness but not that much compared on how publishing site hype this kind of news.

Definitely. How can we be sure that these 325 million user of paypal will be into crypto after all? Ok let's say at least the half will try to use the new update, so what now? This isn't guaranteeing a mass adoption lol. I've read the rumors about it, about paypal and venmo to test crypto buying and selling services, paypal allegedly hiring crypto engineers for the project. I think this is a good chance for more recognition of bitcoin, but at some point we it might end up being the exit gates of scammers.

We are already on 2020 and I believe that PayPal user are well aware about crypto investment so if they really want to buy crypto, they will just use there card to purchase some since a lot of exchange are now accepting fiat for purchasing crypto like Binance, Changelly, Shafeshift and many more.

Imagine you're into digital payment method but does not know bitcoin haha though there are people who'd be like this but there more who are aware of bitcoin and putting it on paypal would not guarantee anything BUT still chances are huge as paypal is the most popular digital payment processor.

[rhomelmabini]

They've withdrawn their partnership with Facebook-Libra now they are the ones taking the big step to have mass adoption, LOL? It's clear how hypocrite they are realizing that crypto is getting traction.

I don't want to wait for a day just for a $100 transaction plus the sucking fee they get on it.

[kotajikikox]

Since I haven´t found that topic discussed, I decided to start this thread.

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration 

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Your opinions on that news?

Having this become reality is one of most dreams from the cryptonians because let us admit that Paypal is part of our daily living now,Buying items online that mostly accept Paypal but not accepting Bitcoin.

These Millions of users might be the biggest adoption we wanted to come on our way here in crypto.

[Pamadar]

According to coindesk, PP has 325 million users, according to cointelegraph - 305 million While in reality it's really 325, did they change number to make their article appear a little bit different and "relevant"? Sounds curious.

Well this maybe a typo error because only the middle number change,and also how do we know the reality when this is only about their stats and cannot be find by public.

Well, I wouldn't say that we get 325 potential crypto users

Of course we will not sure about that 325 million user because i think part of that users are already Bitcoin users so there is no assurance that 325 million is the right number to talk here.

Nice image But Japan almost on bottom?seems like the respondent are not from the true users of Crypto.

[tomahawk9]

Oh boy, here we go again. First, it was Libra and Facebook's +2 billion potential users that will come to the cryptosphere and that meant (according to many people) BTC to the moon and lambos for everyone.

Now it's Paypal, because they're 1) a big corporation, and 2) they have a huge userbase, and both items automatically make this "news" bullish, right? not only that but this is also "good for bitcoin and cryptos", correct?

You know, there was a time when the majority of crypto users said that Paypal was shit, and anything that had the name paypal was met with criticism and whatnot, but nowadays, this news (Paypal entering the crypto world) is the kind of news that could trigger upward movements in the price because the new narrative is "we shall welcome Paypal or any other big corp with our open arms for it means my crypto bags getting pumped"  sad but true

https://i.imgur.com/gTc0SAS.jpg

interesting how most of the countries with two digits percentage are not  "first world countries"

[lepbagong]

Since I haven´t found that topic discussed, I decided to start this thread.

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration  

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Your opinions on that news?

Having this become reality is one of most dreams from the cryptonians because let us admit that Paypal is part of our daily living now,Buying items online that mostly accept Paypal but not accepting Bitcoin.

indeed, in transactions with bitcoin directly, there will also be many obstacles beforehand, because there could be no recognition of bitoin in one country. the easiest of course is to use paypal and the like that each country of course also issued its own money online. because in a pandemic like this it is also very much needed online transactions.

These Millions of users might be the biggest adoption we wanted to come on our way here in crypto.

clearly with more and more participating signifying its own recognition of crypto, because the investment needs of crypto are still very large and enticing.

[hatshepsut93]

I don't like all these talks about "potential users", when the first block was mined Bitcoin already had 7 billion potential users, because anyone in the world can install a Bitcoin client and send and receive transactions. The ability to buy Bitcoin with any given method only slightly increases adoption, because people have lots of other methods available - banks, cash, other payment companies.

[Ucy]

Centralized ownership/control of cryptocurrency doesn't really interest me. That is one of crypto biggest problems or risk most people hardly talk about. I would be careful investing long-term in cryptocurrency with lot of centrally controlled coins and projects.
My favourite cryptocurrency would be that with well decentralized system/ecosystem, with mostly decentralized projects, and with most users having full control of their funds in well decentralized manner.

[Twinkledoe]

Oh boy, here we go again. First, it was Libra and Facebook's +2 billion potential users that will come to the cryptosphere and that meant (according to many people) BTC to the moon and lambos for everyone.

Now it's Paypal, because they're 1) a big corporation, and 2) they have a huge userbase, and both items automatically make this "news" bullish, right? not only that but this is also "good for bitcoin and cryptos", correct?

You know, there was a time when the majority of crypto users said that Paypal was shit, and anything that had the name paypal was met with criticism and whatnot, but nowadays, this news (Paypal entering the crypto world) is the kind of news that could trigger upward movements in the price because the new narrative is "we shall welcome Paypal or any other big corp with our open arms for it means my crypto bags getting pumped"  sad but true

https://i.imgur.com/gTc0SAS.jpg

interesting how most of the countries with two digits percentage are not  "first world countries"

Whenever there is known company attempting to use crypto, people go wild for the reason that they may contribute with the increase of price in the market. And if the media caught it, those noncrypto users will suddenly be interested on checking this out. So not bad for crypto users like us, more adoption means more demand and so its price will perform better.

[Becky666]

For those thinking about the negative side of PayPal integrating bitcoin into their payment system should consider themselves be over hyping its side effects. The 325 millions haven't been with us and don't even know how to carryout simple transaction with bitcoin. Those numbers are those who used VisaCard and MasterCard, these cards can be use to purchase bitcoin and also equally for bitcoin spending. This will definitely help the bitcoin price to skyrocket in mean time.

[dothebeats]

It will remain a rumor until such time that they decide that it's time to pull the curtains down and reveal what they are really planning. As of the moment, all hopes are up for Paypal to actually consider what was deemed as 'ridiculous' by institutional investors back then: a fully working bitcoin integration on a traditional online payment processor. Just imagine the sheer amount of users that could potentially leap the boundary they thought they could never cross due to some restrictions and difficulty to comply with documents. It'll be easy and seamless with Paypal, as most people probably know about it and trust it more than exchanges that traditionally buys and sells bitcoin.

[pjcaruci]

The number of users will grow every day, but at some point this growth will stop. We need new approaches to solving problems in the crypto industry. In addition, crypto should be more friendly to newcomers.

[rexxarofmoknathal]

If this would really happen then we would see a massive price increase due to the potential new investors.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.

That's right, if paypal is starting to support and integrate Bitcoin then this will certainly be a positive wave for the crypto industry. In fact, this alone will make other institutions alike reconsider their position of blockchain and crypto in general which in turn will lead not only to greater adaptability but also faster technology improvements. And that's worth looking forward to!

[DarkDays]

Looks like this is the cause of today and yesterday's pump. People are always counting their money before PayPal have even made an announcement yet.

It is more likely that they're just going to offer some simple checkout functionality for certain websites, rather than roll it out as a currency on the platform.

I wouldn't be surprised if this isn't just for apps or something using Paypal payment processing technology.

[LogitechMouse]

I have watched a video on youtube regarding this and this is just a "rumor" for now since the article isn't backed up by any trusted sources.

Well, if this will happen then this will be a very huge catalyst for the price of Bitcoin. It will spike that much because this is a good news for all of the users and Paypal users that are involved in cryptospace. I've seen this news already for around 2-3 years ago regarding this but it didn't happen but now it came up again. Not expecting too much with this but if this will be implemented then good .

[yhiaali3]

It is good to hear that Paypal is seeking towards cryptocurrencies, Paypal is one of the largest electronic payment companies across the world, but I think they had long cooperation with the Coinbase exchange where you could buy and sell cryptocurrencies via Coinbase and Paypal but I think this cooperation was not successful Significantly, PayPal adopts old centralized payment systems and I do not think they are going to change their policy towards decentralization.

[acroman08]

Since I haven´t found that topic discussed, I decided to start this thread.

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

The rumour is backed up by another rumour (or is it?) : https://cointelegraph.com/news/paypal-is-hiring-crypto-engineers-amid-rumors-of-bitcoin-integration 

That could lead to mass adoptions earlier than expected and could have a effect on the price that we haven´t seen yet. Maybe that could accumulate the necessary force to break through Bitcoins sell barrier between 10 and 12K.

Your opinions on that news?

although this could be great publicity for bitcoin. but just thinking about the fees PayPal will charge and the transaction fee from the wallet scares me.

I don't think all these 325 are really potential users. But half of them might be interested.

the OP didn't say that all these PayPal users will become bitcoin user. that is why the OP used the word "potential" because all or some of these Paypal users could become a bitcoin user or all or some of them could just ignore bitcoin.

[shield132]

According to coindesk, PP has 325 million users, according to cointelegraph - 305 million While in reality it's really 325, did they change number to make their article appear a little bit different and "relevant"? Sounds curious.

Well this maybe a typo error because only the middle number change,and also how do we know the reality when this is only about their stats and cannot be find by public.

Well, I wouldn't say that we get 325 potential crypto users

Of course we will not sure about that 325 million user because i think part of that users are already Bitcoin users so there is no assurance that 325 million is the right number to talk here.

~snip~

Nice image But Japan almost on bottom?seems like the respondent are not from the true users of Crypto.

Seems that wasn't a type from none of them. Coindesk the latest statistics, Q1 of 2020 while cointelegraph took Q4 of 2019. You can find this statistics on Statista, I'll leave link: https://www.statista.com/statistics/218493/paypals-total-active-registered-accounts-from-2010/
Idea behind integration of blockchain in paypal was never to bring customers to bitcoin but to increase number of their customers and attract exciting bitcoin customers to their servies. Maybe some of paypal's customers will have a look over bitcoin when they see this news in their email/paypal account.

They choose random 1000 person from each country. Btw this is very low number and doesn't give us any proper imagination cause for higher accuracy, they had to choose at least more than 1000 person from each city of each country.

[Debonaire217]

PayPal users are too many, and with their partnership with Binance, buying cryptocurrency such as bitcoin will be faster and easier. If I am not mistaken, this is the first time that they will allow a directsales of cryptocurrency through PayPal, IMO, cryptos availability would be limited, but the fact that people around the world will have access to bitcoin is enough for us to spread this news today.

You might want to provide more info in this thread OP.

[hilariousetc]

These rumours of PayPal accepting or dealing with Bitcoin have been going on as long as I've been on this forum. The new round of speculation seems to be based on nothing concrete but yet more rumours as well. I think Paypal should get on board as it shouldn't be that difficulty for them to implement and it would open them up to a whole industry where they can make a lot more money on fees (which I'm sure would be large).

I don't think all these 325 are really potential users. But half of them might be interested.

Of course they would be potential users, but you're right that most Paypal users probably don't care but at least if they did implement it it would pique the interest of the average user and maybe make it safe and accessible for them to be able to buy crypto. To the average person on the street a lot of people think getting into bitcoin is overly complicated but in reality it's pretty much as simple as using PayPal and that could open it up to potentially a lot of users and especially ones who otherwise wouldn't have cared or bothered. Even though I'm very sceptical of this news I do hope they implement it as some point as it would be huge for adoption but I'm not holding my breath.

[Sebas.tian]

If this would really happen then we would see a massive price increase due to the potential new investors.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.

PayPal has a big problem with customers support and this will be a Major issue we should talk about and not just the numbers coming to join the existing ones. Remember they are likely to operate onchian which will have a side effect on the network, if they will build their own Blockchain will be an added advantage to the cryptocurrency world. Also, those millions should not hold their coins with PayPal because of scam rather everyone should hold to their wallets.

[larus]

In my opinion, everyone who want to buy bitcoin dont need paypal support for this. This new feature wont give us a lot of new users

[carlisle1]

If this would really happen then we would see a massive price increase due to the potential new investors.
But we couldn't be so sure about it unless it is already happening and this could be what we need to see another ATH.

PayPal has a big problem with customers support and this will be a Major issue we should talk about

Support problem?any link about this ?it seems not the real issue to talk about when PayPal is concern.

 and not just the numbers coming to join the existing ones. Remember they are likely to operate onchian which will have a side effect on the network,

What side effect?because they will operate in china?you have so many issues but nothing supporting those?

if they will build their own Blockchain will be an added advantage to the cryptocurrency world. Also, those millions should not hold their coins with PayPal because of scam rather everyone should hold to their wallets.

Why they need to Hold via paypal?when they can hold in their own wallet.

[coinmaster9000]

I would be happy because it is a way for people to use digital currencies instead of selling them directly and then transfer them to the bank account.
Perhaps with Paypal you will find many ways to buy and sell digital currencies faster and easier.
In the future we will see more sectors that want to invest and many of them may want digital currencies if they hope to succeed with Paypal.

[TravelMug]

In my opinion, everyone who want to buy bitcoin dont need paypal support for this. This new feature wont give us a lot of new users

Obviously there are a lot of options out there, like exchanges, P2P, localbitcoins etc. What Paypal is trying to do is more on their business side, offering bitcoin or crypto will generate them a lot of money and at long last, if this is true, then it can potentially push the price and closer to adoption as there are a lot of Paypal users around the globe.

Why do you say though that it won't give us a lot of new users? Crypto enthusiast are growing by the numbers and those that have Paypal and doesn't know about crypto must likely be interested, not all but there could be some good percentage out of that 325 million Paypal users.