PayPal customers will be able to use BTC, ETH and other cryptos to pay merchants

[calandra78]

The announcement of Paypal joining the cryptocurrency creates a big and positive impact on the cryptocurrency market. PayPal users or customers will be able to use BTC, ETH, and other cryptos to pay merchants. Here's a piece of article news supporting the Paypal announcement https://crypto.co/news/paypal-join-in-companies-adopting-cryptocurrency/.

It kick the price to $12800 in just three days, this is the biggest news this year and there's no better way than the year is about to end and people are expecting for an all time high with two months and more great news coming like this, we can this year with Bitcoin hitting $20000.

the last quarter of the year looks like it will be a good market for crypto. bitcoin moves quite well with good news lately. when there are more good news and more confidence in the market then it will increase demand as well. I love seeing bitcoin grow alongside other altcoins.

[yeamin.rsl]

This is the reason why Bitcoin price moved up so quickly. I think in this bull run Bitcoin will break it's ATH records by end of this year. This revolutionary step from Paypal will make Bitcoin more popular and more people will use Crypto very easily.

[fullhdpixel]

What I couldn't really understand the part where it exchanges. Like let's say I am a shop owner and I sell something to people, and I do not accept any crypto but I do accept fiat, can people pay me with bitcoin, while I receive fiat? Like they end up spending their bitcoin but paypal exchanges that to fiat to give it to me?

If that is something that could be done, paypal will have a HUUUUUGE market, it would allow people to pay with crypto anywhere they go that accepts paypal payments, mostly online obviously, and they won't need fiat at all, even places that only takes fiat will be able to accept crypto as well, that would be world changing honestly. But if that is not a thing, this is not a big news honestly.

[xiboothrezi]

The announcement of Paypal joining the cryptocurrency creates a big and positive impact on the cryptocurrency market. PayPal users or customers will be able to use BTC, ETH, and other cryptos to pay merchants. Here's a piece of article news supporting the Paypal announcement https://crypto.co/news/paypal-join-in-companies-adopting-cryptocurrency/.

This brings a pretty good change, especially because paypal is a large company, so the adoption of this crypto will have a wide impact. Slowly, the evolution of this financial system is increasingly visible, although there are still many pros and cons, at least many people are getting to know crypto.
Moreover, the supply of bitcoin is limited, with a large number of active Paypal users, this has the opportunity to increase the price quite high. With a note that they are interested in crypto.

[proTECH77]

This new system of BTC, ETH, and other crypto to purchase and sell with their PayPal account in any transaction in the market. Many customers will see this PayPal account as a welcome development to them and to those who are preparing to join cryptocurrency to purchase with PayPal account.
Many people are joining bitcoin because of the new system that is changing the market positively with the PayPal account transaction which you can use to sell and buy without stress.

[ARTCOINSLV]

"PayPal customers will be able to use BTC, ETH and other cryptos to pay merchants"

There is nothing surprising.
Money goes where there is money.
Coming Soon Amazon, Microsoft and even Warren Buffett.

[int03h]

Paypal allowing Bitcoin to be on their system is one of the great news. That would make Bitcoin more known and it is like a way of recognizing Bitcoin legal all over the world because Paypal is fully responsible.

Paypal will have a new regulatory framework for Bitcoin because bitcoin is essentially a technology and it only lacks the legal element that Paypal has. I wonder how Paypal will implement the regulations on Bitcoin transactions when making global payments?

[darkphoenix2610]

The announcement of Paypal joining the cryptocurrency creates a big and positive impact on the cryptocurrency market. PayPal users or customers will be able to use BTC, ETH, and other cryptos to pay merchants. Here's a piece of article news supporting the Paypal announcement https://crypto.co/news/paypal-join-in-companies-adopting-cryptocurrency/.

It kick the price to $12800 in just three days, this is the biggest news this year and there's no better way than the year is about to end and people are expecting for an all time high with two months and more great news coming like this, we can this year with Bitcoin hitting $20000.

Actually, investors and traders keeping an ey to Bitcoin price now like they are expecting it to even break the $20000 last end part of 2017. And another thing that people keeping an eye on is the news circulating these past few days which Paypal will buy an exchange platform, and one of their guessings is Bittrex. Do you think that makes sense?

[poodle63]

It seems crypto becoming more and more legitimate in the eyes of many people. I'm just waiting until crypto officially recognized by many government and we finally achieved a greater height than before. Although paypal is a private company but their userbase is really huge and this news is really a good news considering that it could also boost up crypto adoption to even many people. I'm a long paypal user myself and I consider this as a breakthrough for paypal becasue usually they just have too much restriction here and there.

[escalante28]

This is really good news to all the crypto people, Paypal allowed users to buy and sell at the same time holding Bitcoin and other cryptocurrencies on their platform. This will definitely encourage more users and people who don't involve yet in crypto to use global virtual coins. And just imagined how many users does Paypal has, it's more than 300million users.

[DabsPoorVersion]

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 ?

This is really a great news to crypto world,

It is like the wallet that we are using in our local area, we are able to buy and hold crypto or even send it to other wallet. And since Paypal is being used globally, it will not actually start the bull trend but will affect the market gradually like what we can see by now that the market is starting to move.

[Desscount]

good news, payoal is one of the pioneers of mass adoption, this makes Bitcoin and other cryptocurrencies seem to dominate in this pandemic situation,
everyone is focused on cryptocurrencies, I don't know whether BTC will continue to be bullish or is this a trap? you must have a wise strategy.
and also reportedly paypal will make its own crypto currency.

[cryptofirm]

good news, payoal is one of the pioneers of mass adoption, this makes Bitcoin and other cryptocurrencies seem to dominate in this pandemic situation,
everyone is focused on cryptocurrencies, I don't know whether BTC will continue to be bullish or is this a trap? you must have a wise strategy.
and also reportedly paypal will make its own crypto currency.

yes, just read the article if paypal want to create its own cryptocurrency
https://cointelegraph.com/news/paypal-might-issue-its-own-cryptocurrency-soon-says-coinshares-exec
and i hope this news will bring more demands to crypto world

[Abiky]

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 ?

This is very good news indeed. Since PayPal is the world's largest payment processor, its adoption of crypto will be further increase awareness of the Blockchain industry. I'd expect demand for Bitcoin and other prominent cryptocurrencies on the market to increase at a fast pace after this positive announcement by PayPal. If mainstream companies continue to adopt crypto and Blockchain technology, then the crypto market will be valued in $1 Trillion USD in the future. Imagine VISA and Mastercard making use of Blockchain technology for their own benefit. Mainstream adoption for cryptocurrencies will increase at an accelerated rate.

With PayPal joining the crypto train, it shouldn't be long enough before other payment processors and banks start doing the same. Governments have become increasingly aware of crypto's exponential growth in the mainstream world, leading them to devise new regulations for the industry. With a proper regulatory framework, the crypto/Blockchain space will be legitimized. All that's left is for institutional investors and serious traders to join the game for the crypto market to grow towards new heights. If the pace continues, Bitcoin's market cap might be even greater than Gold's market cap. Time will tell us, if PayPal will be able to maintain its newly-established crypto business or not. With Coinbase being the leader in crypto trades throughout the US, the competition becomes fierce for PayPal. In these uncertain times, anything can happen. Just my thoughts

[slashz9]

of course, one of the biggest service companies adopted bitcoin as their payment.
even when this news first came out bitcoin immediately rose quite high.
I think in the future there will be more good news if there is no bad news regarding crypto.

[SarangWallet]

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 ?

I think it's still in the planning stage. The truth can be ascertained by 2021 according to the information presented on the site. If this goes well, I think international purchases will be easy.

[cryptofirm]

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 ?

I think it's still in the planning stage. The truth can be ascertained by 2021 according to the information presented on the site. If this goes well, I think international purchases will be easy.

thats right and the best things from this news is mass adoption of cryptocurrency is on its way
maybe next years a lot of giant company will be competing to enter this crypto space

[Abiky]

thats right and the best things from this news is mass adoption of cryptocurrency is on its way
maybe next years a lot of giant company will be competing to enter this crypto space

PayPal adopting crypto is the best thing it has happened to the entire Blockchain industry. This should give prominent cryptocurrencies like Bitcoin and Ethereum a greater level of exposure to people in the mainstream world. If PayPal continues providing crypto services during and after 2021, it's expected other big companies will join the game. Imagine VISA or Mastercard providing people the ability to use Bitcoin at any business or merchant's POS (Point of Sale) system. It will be totally revolutionary.

While PayPal has finally announced its adoption of crypto, it's yet to be determined if it can keep up with the competition. Coinbase, Bittrex, Kraken, and Binance.US are already-established crypto companies with a lot of prominence in the US. Competition will become fierce for PayPal as the aforementioned companies already have a large number of customers supporting it. If PayPal wants to stay ahead of the game, it's going to need to offer lower fees while expanding the number of cryptocurrencies people can buy or sell on the platform. At least, PayPal has joined the crypto train. All that is left is for other companies to do the same. My guess is that with this announcement, prices for both BTC and ETH will rise towards new ATHs. 2021 may be crypto's biggest year yet as people adopt crypto massively like never before. As long as COVID-19 continues to harm the mainstream economy, the crypto/Blockchain industry will experience exponential grow in demand and adoption. Time will tell us what lies ahead with the future of crypto as governments devise new regulations and laws that could either stifle or stimulate the growth of the industry in general. Just my thoughts

[mexite]

I'm stoked by this news not because of the bullish influence it had on BTC and cryptocurrency generally but because it shows that blockchain is moving gradually towards mass adoption. As we all know, PayPal is a popular global payment provider trusted by individuals and businesses, the fact that users can buy and store BTC and other crypto on it means that users now have an additional option of payment.

I hope they allow users transfer crypto to others soon as this will really be another fuel to power adoption.

[bittick]

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 ?

I think it's still in the planning stage. The truth can be ascertained by 2021 according to the information presented on the site. If this goes well, I think international purchases will be easy.

Still a good thing though I'm pretty sure that they gonna just go with the plan in the future, so many untouched "profit" potential by implementing crypto which is now seen as the norm or instrument of investment.
Not to mention that there's a rumour revolving around stating that paypal already have a plan for their own digital currency.
At the very least paypal is not gonna banned paypal account that was made for buying or selling crypto out of the blue like they used before.