PayPal to Offer Crypto Trading

[Kocret02]

There are so many that always give rumors that big companies will issue policies on crypto, so I think it's a rumor and it can't be used as one justification. so this news is made as if to enliven crypto

[Zionatin]

It is very strange to see the company I hate "teaming up" with my favourite thing in the world. I still can't decide if this is good or not. I guess maybe it might may bitcoin seem more "legit" in the eye of the general public.
Not that taking the fees PayPal asks for is legit...


I think this might just be a rumour though. Reading the comments I am not alone.

Even if PayPal offers crypto trading, I wouldn't even bother using it.

Just to send from one account to another, I have to pay a hefty 15% surcharge.

Exactly! They will only milk it for all its worth and hit us with massive fees. They obviously must want a piece of the crypto market pie.

[nguyenvl159]

This is still a rumor but it's likely that PayPal is going to do it.

[crwth]

Knowing that the CTO of Paypal is pushing their "belief" in the blockchain and it seems that they have a good relationship with Coinbase. It's only a matter of time that it comes to fruition. Venmo would probably the company that would roll out the crypto-related things, and this June 2020 article discusses it all as well.

“We are a strong believer in the potential of blockchain. The digitization of currency is only a matter of when not if,” Shivananda said.

Let's see how it will turn out. There's no hiding it that Paypal is interested in the blockchain technology.

[ttcsalam]

crypto world needs a beautiful platform for the world wide transaction .If PayPal is added to it, it will be good news.A nice support will be created. Which will help to do many transactions. But whether PayPal will join it is now a matter of doubt.

[Sadlife]

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.

I wouldn't be surprised if these monetary Institutions announce one day they've created Cryptocurrency of their own considering the stock is plummeting, and the recession it should be safe to invest in digital currencies such as Bitcoin.
Even goldman sachs were pessimistic about Bitcoin's value and growth, ended adopting it because they now see the potential of it.

[UserU]

Exactly! They will only milk it for all its worth and hit us with massive fees. They obviously must want a piece of the crypto market pie.

Well, I wouldn't be surprised if their fees structure are similar to those cutthroat competitors like BitPay

[dansus021]

i think this would be a great idea when big company like paypal join the crpyto industry it can attract more people to know hows crypto work.

and maybe the paypal just don't wanna left behind

[Lorence.xD]

i think this would be a great idea when big company like paypal join the crpyto industry it can attract more people to know hows crypto work.

and maybe the paypal just don't wanna left behind

It really is a big thing and I do not see a bad thing about this, this just gives users and aspiring traders more ways to trade. Although it is still a rumore, I think it is worth holding on to. The only thing that I have a problem with Paypal is the way they need a valid ID, they have a small choices of ID and most of the ID needed is very bureaucratic in my country so I can't do much but the good thing is that there are small local online wallets that I can use.

[DoubleEdgeEX]

I would believe it when Paypal shows an ad on TV to promote their new trading service. Until then, observing the news and hodling is the name of the game

[Nhor1011]

I really want to see paypal will accept bitcoin and ethereum to send funds on their platform and not only supporting for crypto trading. Well,it well be a great news if paypal will really engaged in cryptocurrency because it will attract more investors as it was one of a biggest company that also operate online.

[amrulshare]

I would believe it when Paypal shows an ad on TV to promote their new trading service. Until then, observing the news and hodling is the name of the game

as long as I haven't received an official announcement from paypal via email that they will Manage Crypto Assets it will only be propaganda news in the crypto space. now we are watching what more drama will happen to this payment service provider in the future.

[larus]

I hope that paypal support will bring a lot of new people in the industry

[leea-1334]

Even if PayPal offers crypto trading, I wouldn't even bother using it.

Just to send from one account to another, I have to pay a hefty 15% surcharge.

Really? I send Paypal for a small fixed fee and 2.9% fee on the charge,,, why are you paying 15%? You should try putting a bank account or card to your account first then send someone. Maybe the mode of refill is causing you 15%. But yes, if they add crypto, it will be likely only to fill or withdraw from PP.

[UserU]

Really? I send Paypal for a small fixed fee and 2.9% fee on the charge,,, why are you paying 15%? You should try putting a bank account or card to your account first then send someone. Maybe the mode of refill is causing you 15%. But yes, if they add crypto, it will be likely only to fill or withdraw from PP.

Yeah, it was sent from a non-verified account (family member) to a verified one (mine). Because F&F was discontinued ages ago, there's nothing else I could choose besides sending the funds as a service.

It was actually just a USD balance transfer, no refill involved.

[maydna]

Everything which smells money will attract more people to comes

Paypal wants to do that because they see the potential of crypto trading, so they decide to offer crypto trading. But I don't know if that news is real and will happen in a short time or not, but I think I don't want to use Paypal because before we can use their services, we need to send the document for verification. Paypal has a strict rule for its members, and I think they will be suspicious if we use a large amount of money to trade. So I guess I will stay on the current exchanges which I usually trade.

[sYlkychik]

PayPal Picks Paxos to Supply Crypto for New Service. PayPal, the fintech giant planning to bring crypto trading to its massive user base, has chosen Paxos to handle the new service's supply of digital assets, according to two people familiar with the matter.

[cosmicrays]

PayPal can indeed attract many new traders, but still few will use their services in the crypto sphere.

[AniviaBtc]

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.

If this rumor is put into its place, although this rumor already was already discarded, many people will probably use paypal more because right now, they have a lot of customers already.

Paypal is a good wallet and it has a strong security so this platform having a cryptocurrency trading will make them become more popular.

This new features that they will offer will help them grow their company as they are very useful in making online payments. But as I have read before, this rumor didn't fulfilled by Paypal and people are still rooting for this platform to achieve this offer so that they will not need to transfer their money from Paypal to another crypto trading platforms.

[lebregone]

This is really exciting and I cannot blame PayPal if they will decide also to start their journey also in crypto industry as the money that is involve in crypto
is very huge.

A wise investor can easily shift or add their business if they can see a potential profit to it therefore I am really excited if they will really decide to join
the crypto world as their action can surely help the crypto industry to grow more even if they have no official announcement yet.