Paypal is doing it

[Twentyonepaylots]

Paypal officially announced that they are going to let their users to buy, sell and shop cryptocurrencies on their platform starting in 2021adding services such as this will become a domino effect that might trigger banks to do the same. I can feel it already, next year will be another blast for crypto!

source : https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021

Confirmed!

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[acener]

Wow another great news for crypto enthusiast who are using Paypal service the only question here is how much would the fee would be?
And it seems like they are going to be an online crypto wallet as well by adding this kind of service on their platform I hope more platform would follow their lead on accepting crypto.

[Bitcoin_Arena]

Just saw read the news too on Reuters.com, In fact i was in the process of posting the good new  

All in all, I will just quote what @mk4 posted a few days ago

"First they ignore us, then they laugh at us, then they fight us, then we win."

I'm not sure where this quote originally came from(but I remember reading it on Andreas Antonopoulos' book), but that quote is sure damn coming into play slowly but surely.

I just hope this will easy buying and selling between crypto and fiat minus risking one's account banned.

[onecall123]

I read this article, this is good move one step forward of becoming crypto adoption. Lots of people believes that paypal integrating crypto gear up the recent price move. It's very acceptable move so let the game start. It's just beginning and there loads more bullish.

[Casdinyard]

The market is also in green marks which is a good thing to see. The scenario is quite "revolutionary" in good terms. Knowing how huge Paypal is, this could trigger other banks to do the same thing, and probably more services and businesses will likewise, do the same. This would display the power of "influence", eventually. Indeed something to celebrate for this year despite of the struggles we have experienced.
The main issue I think, why there are still countries which are not accepting cryptos in general is because of doubts. Since PayPal is a huge network, it could establish a trust with regards to cryptos as a mode of payment in order for more countries to see the benefits of this technology.

[J.Amador]

That's nice to know that report it's good that the paypal doing a good job because crypto in this generation are famous people now days wants to use crypto for buying,paying bills and etc. And it less hassle.

[BrewMaster]

the fear the centralized payment systems is starting to become palpable at this point. they can feel how their days are numbered and are going to become obsolete soon as they are replaced by the decentralized currency that doesn't need them anymore.
sooner or later bitcoin is going to be used for all the payment that services like Paypal are being used today with a much higher security and less fraud.

so obviously they want to extend their lifeline a little more by adapting to the new change. it starts  by letting their users buy bitcoin, then they start letting their users deposit and store bitcoin in their account and finally they become obsolete

[aysg76]

Paypal officially announced that they are going to let their users to buy, sell and shop cryptocurrencies on their platform starting in 2021adding services such as this will become a domino effect that might trigger banks to do the same. I can feel it already, next year will be another blast for crypto!

source : https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021

Confirmed!

Yes I also read the article about it on reuters and it's a great news for all the crypto enthusiast as it can give a boost to price of btc which will eventually lead to price rise in other alts as they follow bircoin path.The US payment giant PayPal is one of the leading company with more than 346 million active accounts and btc can be bought,sell with 26 million active merchants on the network from next year.The chief of PayPal announced it as "they want to increase the use of virtual currencies" in these financial periods and everyone wants to be part of this digitalization of payments with the help of these decentralised or virtual currencies.Although the transaction related to cryptocurrencies will be settled through the cash.Most of the big giants are approaching these payments methods as they are future currencies so just stay away from negativity or any FUD because the prices are going to soar soon in coming few years.

[mycryptocoin]

After new confirmed, BTC is pumping so hard. Now, BTC is almost 12800$/BTC. How do you think about this price increase? Is it uptrend?

[Jet Cash]

Why would you bother with the scammers payment service - PayPal, when you can use Bitcoin?

[mindrust]

Why would you bother with the scammers payment service - PayPal, when you can use Bitcoin?

There are thousands of businesses that accept payments through paypal. I think this is huge for crypto in terms of adoption.

It is just another payment gate.

Those who already have paypal ready now can do business with crypto. Without this, you'd have them to install bitpay/btcpay etc... Now they don't have to that.

[awesome31312]

Paypal is trash. People talk about how scammers use Paypal. But forget that scammers created Paypal too.

[Poker Player]

Why would you bother with the scammers payment service - PayPal, when you can use Bitcoin?

Precisely, when reading the post, I was thinking precisely that.

As it has been pointed out above, it seems that the fear of losing the battle against a decentralized currency makes them want to join it.

We are seeing many small steps towards mass adoption. Now it just needs to be accompanied by a big boom in price and in a few years we will be able to see social changes thanks to bitcoin.

[Bttzed03]

For those who didn't read the article - Paypal, through their partnership with Paxos, will act as an exchange. Merchants will still be receiving fiat as payment. I'm not so sure if that will help spread adoption to many Paypal users. I think it will be business as usual for them unless they will be given the option to price their products in accepted cryptocurrencies. I don't mean to be negative, I just don't want to be overly hype about this news.

[Vaskiy]

PayPal officially making its entry into selling/buying of bitcoin. Already traders are doing trades in exchange for bitcoin. PayPal have already revealed its wish of getting into cryptocurrency business. Now this has come to usage. Maybe this will serve as a beginning to the banking and other transaction support platforms to get into bitcoin trading.

[eaLiTy]

Paypal officially announced that they are going to let their users to buy, sell and shop cryptocurrencies on their platform starting in 2021adding services such as this will become a domino effect that might trigger banks to do the same. I can feel it already, next year will be another blast for crypto!

The cryptocurrency market is a big challenge for the Paypal market and they are making changes to carter to their business if not they will go obsolete as the number of users keep on decreasing over the years but that does not necessarily mean that the banking system will have a domino effect.

Right now i am able to send my funds from bank account to BTCitcoin exchanges without any fees and that is the only service i look forward as i do not expect the bankers start selling BTCitcoin directly if that is what you are expecting .

[Traderbtcc]

Paypal officially announced that they are going to let their users to buy, sell and shop cryptocurrencies on their platform starting in 2021adding services such as this will become a domino effect that might trigger banks to do the same. I can feel it already, next year will be another blast for crypto!

source : https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021

Confirmed!

This is indeed a great news to the crypto sphere,so nice to see huge companies embracing the future, looks like we are winning the war , more adoption of crypto will take place in no time, but there's a down side to this, PayPal is a centralized system of payment and after several reviews I saw online about them closing down accounts for no good reason, makes me scared, I don't think I can save my crypto there, cus there's nothing like a private key to my wallet, I'll gladly stay clear off it  .

[Artemis3]

Sorry but the crypto you "buy" in paypal remains in paypal. This is as useless as it gets... In fact, its a trap. So you think paypal is better than using your own wallet? I don't think so. And what good is a bitcoin that cannot be used, just sold again to them? This is so foggy, they can even "pretend" to acquire the coins while never doing so, or do fractional reserve practices.

Not to mention that, to even use Paypal, you need to have a valid credit card and perform a transaction with it to them which of course means fully disclosing your ID.

Did you know there are countries in this world where you just can't acquire a credit card? Its often hard to own a bank account. None of that matters with Bitcoin. This is the old system that needs to go away.

[taufik123]

this is good news for the crypto world. Paypal is a big company that is aware of cryptocurrency technology so they are adopting it. This is the adoption of cryptocurrency that will enliven the crypto world in 2021.

Since March 2020 Paypal has started reviewing their efforts to build a new framework for the crypto asset market. Paypal studies and oversees the global development of crypto and blockchain assets. Paypal emphasized that its phaknya want to harmoniously approach a number of regulations without hindering innovation.

Paypal also collaborates with BitFlyer which is a large crypto exchange that has licenses in Japan, the US and Europe as well. on the BitFlyer market, users can deposit and buy crypto assets using paypal, and not only Bitflyer, other crypto exchanges such as Coinbase also work with paypal.

Now paypal is ready to step into the massive adoption of cryptocurrency.

[Lucius]

Paypal is trash. People talk about how scammers use Paypal. But forget that scammers created Paypal too.

How can someone cheat you if you pay for something using PP? Everyone as a buyer has the right to file a complaint within 180 days from the date of purchase and if the complaint is justified the money will be returned to the owner. Try to do the same with the BTC transaction and you will see what scammers prefer more, PP or BTC. I will always look for a way to pay something with BTC, but if I judge that the transaction is risky then of course I will protect myself which is quite normal if I do not want to lose money.


As for this news, there is no doubt that this is a very big thing for BTC because BTC payment will become available in every place where PP is available. Here we are talking about as many as 346 million active accounts that currently exist on PP, and there is no doubt that this move will mean a lot for the adaptation of Bitcoin.