What PayPal's Entry Into Crypto Means For Users

[btcltcdigger]

They noticed that they started losing alot of users to Revolut and similar platforms, and are trying to catch the train.
Up until few months ago, if paypal detected any crypto dealings, they would block your account permanently. But now when they see loses, they're eager to catch up

[Stedsm]

First of all, please link the source from where you took the logo of PayPal. Another thing, yes it will make a major difference if PayPal really gets into crypto as this had been waited for so long and their community is vast, so giving everyone a chance to take the advantage of both traditional and digital currencies at one platform will definitely give a boost to the crypto economy and make the total marketcap of the overall crypto spiked up (with BTC and other major alts that get listed over there, being a top priority).

[Febo]

What PayPal's Entry Into Crypto Means For Users

Maybe that mentioning Bitcoin to Paypal is not a bad word? So far you were on a brick of being baned from using Paypal if you only mention word Bitcoin. It was so from about early 2013. Before that many bought Bitcoin with their paypal. It will be nice to see if this will change back to how it was before 2013.

[TastyChillySauce00]

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.

It's good for users but it will not be a good thing for DeFI or even the major platform that is used as a payment system in the crypto currency as PP will eat a lot of demand from the market. I like when crypto was still on its way by improving defi.

[ene1980]

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.

I never bothered to check about the amount of active users they had but in the beginning they had a lot of customers but eventually they lost majority of the customers because of their policies and the lack of customer support when your account is frozen and hence i am bit surprised by the number of customers they still have.

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.

All of the financial transaction companies need to evolve during changing times to keep up the business and it is not a big surprise that they are adding extra business models to have a sustainable business during changing times.

[imstillthebest]

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.

It's good for users but it will not be a good thing for DeFI or even the major platform that is used as a payment system in the crypto currency as PP will eat a lot of demand from the market. I like when crypto was still on its way by improving defi.

paypal is already indemand before and till now so there is no need to worry if thats your concern but on the other side of the world there is that crypto that is also indemand for those people that does not like the idea  behind paypal  .

 if paypal joins the crypto , that only compliments to crypto and both payment methods can benefit with it   .  defi is only a small part of the crypto so i dont think it will recieve a big impact if ever the impact will be negative

[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.

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.

We will never know. They have been known for that so they can also take advantage on it because they are hiring people that will work for them into this expansion. No announcement yet coming from them and how they will adjust adding the feature of buying and selling of cryptocurrencies. What I see positive on this is that those people that have PayPal accounts can do transactions directly with them and buy and sell cryptos on their platform quickly.

[Greatchu]

This means that crypto still have many possibilities and hopes in future, it will be more interesting if PayPal really see interest in crypto but right now it's still not certain yet, let's wait and see, I hope PayPal team are serious on this

[btcltcdigger]

I just hope they will implement it correctly, unlike some services like Revolut, where you just "buy" the price, not the actual bitcoin.
For anyone who doesn't know, when you buy bitcoin on revolut, you can't move it to another wallet, you can just sell it. So it's like trading the price value rather than the actual BTC itself

[sandra_x]

The impact may not be that significant, a lot of persons already have several option (cards) of buying cryptocurrencies directly without necessarily  making use of it. In any case, this is a positive addition to the cryptospace

[aemma]

Just like stated, if it comes to fruition; thus for now we can only but wait and anticipate. But on a more serious note, this is good coming from a platform like PayPal and if it finally happens I think others will be moved to take desired steps into getting involved and tapping into the potentials of the crypto space. To be frank, anytime I come across news like this, I pause and ponder all that were ever said about the crypto space and the current status now, therefore showing that the crypto space has come to stay and it is only a matter of time for platforms just like PayPal to get involved hence increasing their chances of more growth and success while getting ready for the future.

[trauchot]

PayPal understand that cryptocurrencies and their technologies are the future and therefore they made the right choice, and now even more people around the world will be able to buy cryptocurrencies through PayPal, because many people just use PayPal and now new opportunities have opened up for them.