PayPal to Offer Crypto Trading

[suzanne5223]

As the topic says the payment giant company was reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.
Source

Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”

Learn that news like this dont just happen if something like it is not already happening.
Your thoughts

[target]

I just read it from cointele also which Paypal was hiring blockchain engineer which I guess was enough reason for this rumor to spread. They pointed to this job listing https://jobsearch.paypal-corp.com/en-US/job/technical-lead-crypto-engineer/J3W31J65K3R80YP49FL

Developing crypto trading must have been the case for them to employ someone with blockchain skills.  The reason for the denial, its their choice.

[LeGaulois]

Old news from last month, there are several topics in the forum. And we're still at the same point: => a rumor
Between a rumor and the reality, a decade can happen, specially in the crypto industry.
While a lot of people seem excited, it wil be funny if finally it's just an IOU BTC, not much different than with the banks..

It's like when companies make an annoncement only to pump the price in the stock market. I suspect they do the same with a "potential" vaccine for the coronavirus 

[pathapoddo]

This news is too old now. I don't think paypal gonna introduce crypto too soon on their platform. As @LeGaulois^  said they just rumored the news to pump their stock market price.

And if the rumor becomes true it will take time to create their own crypto. As they are paypal, I am sure they will come with something different then others.

[Darker45]

This news is too old now. I don't think paypal gonna introduce crypto too soon on their platform. As @LeGaulois^  said they just rumored the news to pump their stock market price.

Buy the rumor.

I don't think spreading rumors that it will soon likely offer its users the opportunity to directly buy crypto will pump their value.

And if the rumor becomes true it will take time to create their own crypto. As they are paypal, I am sure they will come with something different then others.

Your gathered rumor may be false. I haven't heard of a single rumor that Paypal is going to create their own crypto. That may not be a rumor at all. That may simply be a plain gossip.

The rumor is that Paypal may offer direct crypto sales on their platform. That's it.

[pooya87]

Learn that news like this dont just happen if something like it is not already happening.
Your thoughts

usually things reported by cointelegraph or similar sites don't have any value to be discussed, 90% of the times they are pure clickbait.

in any case it is not surprising to see everyone eventually getting on board of the bitcoin bandwagon. it was predicted long before. specially companies like PayPal that want to make money and see the volume that goes into trading every day (hence the commissions they could earn). usually with them it is about creating another centralized shitcoin that they can fully control while making money from the hype. similar to what Facebook has been trying to do.

[ChiBitCTy]

Unfortunately this is old news that at this point is nothing more than conjecture. Now obviously if PayPal does truly add anything bitcoin or cryptocurrency related to it's platform that is going to be massive news. It does look like they are seriously considering it.  That in and of itself is actually pretty big news.  Basically admitting they knows crypto is here to stay.

[davis196]

Unfortunately this is old news that at this point is nothing more than conjecture. Now obviously if PayPal does truly add anything bitcoin or cryptocurrency related to it's platform that is going to be massive news. It does look like they are seriously considering it.  That in and of itself is actually pretty big news.  Basically admitting they knows crypto is here to stay.

Paypal would create a cryptocurrency called paypalcoin,with the one and only feature:the buyer/sender will have the right to refund every transaction to the receiver in a 180 day time frame.
Jokes aside,cryptocurrency trading is strictly forbidden in Paypal's Terms of Service.I highly doubt that they will make such a drastic change in their rules only for the sake of gathering a few thousands new customers.
No crypto user with a brain will join Paypal,just because that company is accepting crypto payments. 

[DoubleEdgeEX]

Yep, still a rumour. Just found that article about it:_ https://www.cryptoninjas.net/2020/07/27/paypal-makes-a-big-move-into-crypto-trading/

Maybe the only news that seems confirmed is the collab with Paxos, but that´s pretty much it

[btc_angela]

But who can forgot about this supposedly email to their PayPal users back in 2018?



https://news.bitcoin.com/paypal-users-receive-cryptocurrency-warning-email/

They can deny it right now, but there was a time that Paypal is really anti crypto or against bitcoin.

[iTradeChips]

In my opinion, Paypal might be interested in crypto but I don't think they will do it long term. They have sent warnings in the past, and voiced out their opposition to cryptocurrency. Also, the news that has been with us for some time now has been what it is, just news. You can be excited for this but you can also treat this news as hearsay and not to count on it.

[pakhitheboss]

Like some of the major banks now Paypal also wants to CASH profits from the emerging cryptocurrency sector. I am surprised how fast these financial institutions are now taking a U-turn. They all were against cryptocurrency and in particular Bitcoin.

Whatever they do I am neither interested nor plan to use their service. They can again take a U-turn when they feel they have earned enough.

[boyptc]

In my opinion, Paypal might be interested in crypto but I don't think they will do it long term.

Give them time.

We will see them for a longer operation if many of their users start to buy crypto through them. They have a lot of users so they will act as a guarantor for their users.

Unless confirmed by PayPal that they will integrate their service to crypto, it's celebration time.

[cryptomaniac_xxx]

In my opinion, Paypal might be interested in crypto but I don't think they will do it long term. They have sent warnings in the past, and voiced out their opposition to cryptocurrency. Also, the news that has been with us for some time now has been what it is, just news. You can be excited for this but you can also treat this news as hearsay and not to count on it.

It's wouldn't make sense that they will go full crypto short term. If they want to jump then they should do it 100% otherwise it will be costly. Yes, this news is not new anymore, and for the time being, pure speculation on their side. So I will still be cautious and not get excited as Paypal might cooking some thing inside that we crypto enthusiast doesn't like the taste.

[Kakmakr]

But who can forgot about this supposedly email to their PayPal users back in 2018?

~~ image removed ~~

https://news.bitcoin.com/paypal-users-receive-cryptocurrency-warning-email/

They can deny it right now, but there was a time that Paypal is really anti crypto or against bitcoin.

You can understand that PayPal would be against any other competitive payment alternative... they are making their profits from over charging their customers and any competition will be frowned on. 

I think they are only going through the cycle of disruption now, where they accept that it cannot be stopped and that they must get in on the action to supplement their possible losses in the future.

They can develop their own "Blockchain" technology, but Biitcoin still has the biggest network of merchants and users out there, so it will be better just to include it in their offerings and cash in on the action. 

[mezzaluna]

That will be a big adjustment to the users of Paypal since they will be adding lots of features that will show different kind of Cryptocurrencies. PayPal should create a distinction between users who understands Cryptocurrency and users who just uses normal currency because mixing the two can create lots of miscommunications when creating transactions.

[Wenbing]

As the topic says the payment giant company was reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.
Source

Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”

Learn that news like this dont just happen if something like it is not already happening.
Your thoughts

Whether its a rumor or its real news, what everyone should know is that crypto and its supporting technologies revolution have put many businesses in a situation where they need to pivot if they want to continue in business.

For Paypal, its a strategic move for the company because they are the pioneer of the fintech industry in the US. if they are coming into the crypto industry, i will be happy because of their influence in financial matters.

[eaLiTy]

As the topic says the payment giant company was reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.

Good luck with that but most of the customers who had their funds confiscated in the past will not dare to trade in their platform and there are other good trading platforms that are doing a good job. It is not a big surprise that these companies are planning their trading platforms because the amount of profits companies like binance and other trading platforms make are really huge.
 

Theres also a rumor that the payment giant company wrote a letter to EU commission just for the development of their own crypto but when they were confronted about it they said "PayPal does not comment on rumors or speculation.”

I wish the EU commission will shut down these stupid tokens, we just need BTCitcoin and i do not want to see every company coming up with their token.

[unusualfacts30]

This will be interesting to watch. We have seen similar news in the past but it never came to fruition. Surely, this time it is different and if Paypal enters this it may be bad news for other exchanges who have been in the business for a long time. it would speed up the process for many individuals but there are risks that should also be looked into.

[Harlot]

If there partnership with Paxos is official I think that Paypal has a good chance that they will be offering crypto trading because there is really no other reason why Paypal will partner up with a crypto related firm without them being at least interested in a crypto related business. I know that Paypal before is against any kind of crypto industry related business as they are also against crypto related transactions being used in their service but with them partnering up with crypto related business I think this is a good sign to say that Paypal have changed their minds with crypto.