What PayPal's Entry Into Crypto Means For Users

[BTCat]

What PayPal's Entry Into Crypto Means For Users

PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform.

If this plan comes to fruition, PayPal will become the largest traditional finance company to expand directly into the cryptocurrency space, marking a significant step towards bridging the gap between the traditional and digital economies.

What is your idea/vision?

https://cryptodaily.co.uk/2020/07/what-paypals-entry-into-crypto-means-for-users

[passwordnow]

My concern with them adopting the buying and selling of crypto, how much will be their fee? Their usual transfer costs and considers to be high already for some users. But anyway, regardless of that I'm taking this as a very positive note.
Like the sayings, of not able to defeat the opponent, joining them is the best option. And that's what Paypal is doing right now, massive adoption is coming to town. 

[qazgroup]

What PayPal's Entry Into Crypto Means For Users

PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform.

If this plan comes to fruition, PayPal will become the largest traditional finance company to expand directly into the cryptocurrency space, marking a significant step towards bridging the gap between the traditional and digital economies.

https://cryptodaily.co.uk/2020/07/what-paypals-entry-into-crypto-means-for-users

Obviously the impact will be positive as they will introduce millions of people to crypto and crypto buying, selling and spending will become a whole lot easier also we will see confidence growing in crypto from the masses all these factors will make crypto bigger than ever and i think good times are coming for the market.

[masterrex]

Well, for me that was a good development for the Crypto Industry because Paypal is big with a large user base estimated at 320 million+, with that sized I believe if it was realized it will bring more users/investors to the crypto industry so we can expect more development in the crypto space, the issue of centralization, fees, etc. are just temporary and it will be fixed soon let's wait and see if this big development will be fruitful.

[fuer44]

if this works, i think paypal is taking the right step. paypal which is the most widely used financial platform by all countries, if adding crypto there, then the option can be chosen by people and it is not impossible that there will be more crypto transactions through paypal. and that can have a big effect on the crypto market itself.

[FireBallex]

I will prefer to wait and see this actually get working in crypto space before talking about it, I'm tired of good news that never get worked out in the end, I've seen many good news like this in the past and no single one works out, it's not a time to rejoice yet, not until PayPal really gets into action

[cheezcarls]

And they've mentioned NewsCrypto as well in the article. For those of you who aren't aware just yet, Paypal is now added as a payment option to buy NWC tokens.

I did login to their dashboard to verify everything, and there's a Paypal button along with the credit card option under the fiat category. As I clicked the Paypal button, it pops up on the screen with the Paypal login screen. There's no third party involved when buying NWC tokens with Paypal.

Years ago, Paypal CEO claimed that Bitcoin is nothing but a filthy scam. Right now, he threw off his hat and decided to join the crypto space, as they are looking to hire crypto engineers as well.

Massive adoption is coming peeps!

[akram143]

Still its just a rumour or PayPal officially announced their crypto adoption? If paypal is going to accept cryptos then surely price of cryptos will be bullish for short term and more new people will be introduced to cryptos with PayPal's advertisement.

Anyway wait for the official statement until that it is all about speculation.

[judeafante]

They already admitted that it is admitted and it's only a matter of time because they cannot go against something that is making big waves in the payment industry, it's either they go out of business, or they contribute to its success, it will benefit both PayPal and the Crypto community.and this will push Cryptocurrency to a new height.

[Yaunfitda]

This is just pure speculation whether they are really going to used crypto in their platform. We still remember there hard line stance against crypto isn't it. How about those accounts they suspended because it is dealing with crypto in the past? Will they get it back just because they change their tune?

[pixie85]

Still its just a rumour or PayPal officially announced their crypto adoption? If paypal is going to accept cryptos then surely price of cryptos will be bullish for short term and more new people will be introduced to cryptos with PayPal's advertisement.

Anyway wait for the official statement until that it is all about speculation.

It's a rumor but they have not denied it:

PayPal declined to comment on the rumors

This is the info from 22.06. Maybe there was a confirmation by now but I haven't read anything like that.

They can still deny it or change their minds about it. If the news is true it's going to be great for crypto.

[LbtalkL]

Many users will get angry and disappointed and many users will be happy too, Why I said there are people who will be angry? because in previous years Paypal is very strict on transactions with regards to crypto. In fact, they have to disable or ban some accounts with the transaction to buy bitcoin and some other cryptocurrency. But now they are adopting it which is good because they have huge users, I guess this change of policy more people will benefits.

[Galley]

If this is true, then a huge number of new users can join the crypto community and become potential investors for new projects. This can have a positive effect on the cryptocurrency market. We will wait for official statements from PayPal.

[thesmallgod]

I doubt people will want to use their services when there are alternative especially due to the fact that they have numerously freeze users funds without giving reason for doing so. Also because it is going to be a centralized platform, users will not have sole control over their wallet. In the other way round. Paypal will bring about more crypto adoption by other payment platforms

[StephenJH]

I will prefer to wait and see this actually get working in crypto space before talking about it, I'm tired of good news that never get worked out in the end, I've seen many good news like this in the past and no single one works out, it's not a time to rejoice yet, not until PayPal really gets into action

Yes, that is right, it is really bad to see some good news which can not effect on cryptocurrency. When we see such news, we would be so happy, but our happiness will not take a long time. Paypal is a really popular company which is used by the whole world. l think this step can affect so good cryptocurrency. We will see what happens.

[FanEagle]

I am just seeing this news so PayPal is really going into bitcoin and cryptocurrency as a whole? Wow, that’s cool.
The cool thing about this is that they are going to help in promoting cryptocurrency, and a lot of people on their platform will get to know about cryptocurrency and it’s really going to push this to the next level.

Although I don’t understand how they are going to be functioning, will they partner with an exchange and integrate it to their platform so that people will buy from that exchange and make payment from their PayPal, or they want to become an exchange itself and start selling and buying? Can’t wait to see this, and I hope they don’t kill it off with a high fee.

[XCANA]

I doubt people will want to use their services when there are alternative especially due to the fact that they have numerously freeze users funds without giving reason for doing so. Also because it is going to be a centralized platform, users will not have sole control over their wallet. In the other way round. Paypal will bring about more crypto adoption by other payment platforms

You just spoke my mind and truth about the said PayPal. This company should have be the very best thing that would have happen to cryptocurrency but due to their past treatment to their customers made many have a second thought about their sincerity. They almost got many of their customers frustrated including myself saying this words. I don't trust them with my cryptocurrency and won't patronize them even though am giving the Chance. I will rather use other method of payment than facing the worst in the history of fiats.

[acdc]

If this becomes a reality it is certainly good news for the cryptocurrency market, which will make cryptocurrencies more popular and will grow the market.

[xZork]

My concern with them adopting the buying and selling of crypto, how much will be their fee? Their usual transfer costs and considers to be high already for some users.

I think the fee will not be as high as their regular transfer fee, which will definitely be a competitive fee if they want to grow in this market.

[bttmember]

What PayPal's Entry Into Crypto Means For Users

PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform.

If this plan comes to fruition, PayPal will become the largest traditional finance company to expand directly into the cryptocurrency space, marking a significant step towards bridging the gap between the traditional and digital economies.

https://cryptodaily.co.uk/2020/07/what-paypals-entry-into-crypto-means-for-users

I doubt that will happen anytime soon because of two reasons, one is that paypal is a US based company and we all know how crypto is treated in US at regulation level secondly, when it was asked from a top level employee of paypal he said he cannot confirm the rumors. So this also shows that till now there is no real work in this regard at the development level so this thing may not be near.