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Author Topic: PayPal customers will be able to use BTC, ETH and other cryptos to pay merchants  (Read 909 times)
cryptofirm
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October 21, 2020, 03:06:01 PM
 #1

this really great news for crypto world
PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.
you can read the full article here
https://www.finextra.com/newsarticle/36795/paypal-to-support-cryptocurrency-across-it-consumer-and-merchant-network

does this mean we near with the bull trend on crypto market ?

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FISH token sale at Sovryn
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October 21, 2020, 03:08:58 PM
 #2

This is indeed a good new as it would make easier for a large number of people to buy and sell crypto. Paypal is one of the easily linked payment gateway to bank accounts.
One of the most popular question from newbies everywhere is how can I buy bitcoins with Paypal and with Paypal integrating crypto buying and selling, it would surely boost crypto trading. And with introduction to crypto, people would learn more about how to trade and hold crypto.

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October 21, 2020, 03:53:53 PM
 #3

They are a famous global payment service provider and accepted by many online commerce sites, but their transaction fees are also too high from 1.5% to 2.5% per transaction. If Bitcoin and Ethereum are paid out on their system, there will be a good chance of increasing the price and adding liquidity to the crypto market. The issue I am interested in is how the transaction cost of Bitcoin and Ethereum on the Paypal platform is. If the cost is too high then it will be a barrier for people to use Bitcoin and Ethreum regularly.

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October 21, 2020, 03:57:32 PM
 #4

This is really good news, It will allow PayPal users to buy Bitcoin and other cryptocurrencies. Now we can say that next year Bitcoin will have an all-time high price. I hope that time will also come soon when eBay and Amazon have also accepted bitcoin.
However, I think Paypal will not demand any kind of KYC.
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October 21, 2020, 03:59:48 PM
 #5

finally paypal will accepting cryptocurrency starting by next year depends from the article above
this is really good news for crypto world


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October 21, 2020, 04:31:34 PM
 #6

It's a good thing and we could consider it as a positive development for the crypto world. We all know that Paypal is being used by most of us internationally so it will be easy for users to purchase cryptocurrency at our convenience. Paypal is secured and trusted so I guess this platform would bring a huge impact on the market situation.

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October 21, 2020, 04:36:26 PM
 #7

It's a good thing and we could consider it as a positive development for the crypto world. We all know that Paypal is being used by most of us internationally so it will be easy for users to purchase cryptocurrency at our convenience. Paypal is secured and trusted so I guess this platform would bring a huge impact on the market situation.

indeed and i think this is the most bullish news in cryptocurrency world for this year
in my opinion this news make the price of bitcoin growing really hard now and today the global cryptomarketcap increasing about 6.26%


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October 21, 2020, 04:41:22 PM
 #8

No wonder Bitcoin has experienced a good increase in the last few days, it turns out a lot of positive news. It seems like PayPal realizes that cryptocurrencies are increasingly in demand for transactions and investments. It's a good move, I like it because it will bring more and more people into cryptocurrency
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October 21, 2020, 04:55:12 PM
Last edit: October 21, 2020, 05:33:11 PM by Kupid002
 #9

No wonder Bitcoin has experienced a good increase in the last few days, it turns out a lot of positive news. It seems like PayPal realizes that cryptocurrencies are increasingly in demand for transactions and investments. It's a good move, I like it because it will bring more and more people into cryptocurrency

I think the large increase only happen this day after that announcement from paypal.

Thats really big help of the price of bitcoin and thats break the wall  in just one good news I expect more incoming more days . BTW I want to know if some one already try to buy in PayPal .

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October 21, 2020, 05:14:57 PM
 #10

a very positive thing for crypto market. there are so many paypal users all over the worls maybe over hundred million. so paypal will provide quick crypto market adaption for so huge amonth of people.
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October 21, 2020, 05:44:10 PM
 #11

this really great news for crypto world
PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.
you can read the full article here
https://www.finextra.com/newsarticle/36795/paypal-to-support-cryptocurrency-across-it-consumer-and-merchant-network

does this mean we near with the bull trend on crypto market ?

Totally big news for bitcoin and cryptocurrency Paypal is a top company when it comes to digital transactions. Getting into cryptocurrency and bitcoin would just make a big difference when it comes to the value of cryptocurrency. It would definitely help a lot when it comes to adaptation because millions of users in Paypal will be able to make it through cryptocurrency buying and selling is not gonna be a problem in the platform. After some big news, the market value of bitcoin quickly rises up to 13k$ that's a higher chance of a bull market this year and the coming years.

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October 21, 2020, 06:03:44 PM
 #12

This is a very good news and slowly we are getting there to be honest i.e mass adoption. Now PayPal is taking a huge step into the future through supporting crypto related services hence showing that crypto is indeed the future, and the best most platforms can do is to join up as soon as possible in order to maintain their users. People have really said a lot about  crypto in the years past but look at what is happening now, top organisations adopting it, countries finding ways to support it and many others. I really like this news and I believe others will be forced to make a move before it's too late, because platforms which tends to flow with the latest trend in technology goes a long way in keeping their users hence growing more.
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October 21, 2020, 06:21:59 PM
 #13

this really great news for crypto world
PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.
you can read the full article here
https://www.finextra.com/newsarticle/36795/paypal-to-support-cryptocurrency-across-it-consumer-and-merchant-network

does this mean we near with the bull trend on crypto market ?
If you ask me this news is really big and will have wide reaching effects, Im talking about positive effects for crypto market because paypal is already used worldwide for payments, remittances and as a digital bank account so this will be huge for crypto adoption as well.

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October 21, 2020, 06:51:04 PM
 #14

Big news. Bitcoin and other crypto most likely will rise in price. Hamsters will be happy
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October 21, 2020, 06:52:20 PM
 #15

Paypal has been known for quite an age of forcefully seizing customers for bogus excuses and futile claim which I believe it will lessen the rate at which crypto traders patronize such platform. Alot of p2p trading platforms are already making the trading of paypal and other digital asset seamless so their services will not that be patronize. media have always make crypto look like a gateway to illegal activities which make anybody that patronise paypal stand higher of losing their money
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October 21, 2020, 07:21:19 PM
 #16

this really great news for crypto world
PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.
you can read the full article here
https://www.finextra.com/newsarticle/36795/paypal-to-support-cryptocurrency-across-it-consumer-and-merchant-network

does this mean we near with the bull trend on crypto market ?

Good! Another financial giant joined the bandwagon to stay within the competition and to stay relevant in the market! I am not super surprised because that had to happen at some point of time! Eventually majority of the global financial corporation will allow transacting in cryptos. However, we have one thing to note here, Paypal has no plans to roll out crypto wallets! It will just allow you to convert your fiat currency into cryptos of your choice! I am not sure how it will work but I am excited to see it live.

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October 21, 2020, 08:50:44 PM
 #17

This is a huge news for Crypto space as a whole, this just legitimise Cryptocurrencies and help to eradicate the fear and doubt some people are having investing into Crypto. This is going to huge for the price also since more money is entering into the space, opening the floodgate for retail investors to enter

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October 21, 2020, 09:02:30 PM
 #18

With this news, crypto shows that it is indeed for the future and Paypal indirectly popularizes crypto for the world. I hope 2021 will be the year of massive adoption of crypto. The 4 coins that Paypal mentioned jumped in price in 24 hours.

Last week I'm buy some Ethereum, and this news was shocking. I took a lot of profit in just a week. Cheesy

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October 21, 2020, 09:10:01 PM
 #19

Yes, absolutely. It's great news! Paypal is having a huge customer base of both consumers and merchants. Buying and selling cryptocurrencies will really make all those happy who still want to use PayPal for these transactions. With lower fees, PayPal can really top to other exchanges who provide buying and selling with too many fees.

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October 21, 2020, 09:14:42 PM
 #20

Yes, got that mail. This is reason of btc pump? Bitcoin near to 13K. I think crypto will get huge boost. But I am not sure will people interested in this services or not. Because there are lots of problems using paypal. Like limit, if its happened for holding cryptos then I am not going use the services.
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