Do you think this is the start of mass adoption in Bitcoin? or Nah?

[roadrunnerjaiv2025]

Paypal is just like any other business that can decide to accept crypto as a form of payment. To not like this idea because Paypal is centralized doesn't make sense to me. It's not like they're going to run the blockchain.

This is definitely an improvement. Of course, we can expect a lot of snags at the start but it will all fall into place eventually. But, to say that this is the start of bitcoin's mass adoption is kind of an overstatement. Bitcoin adoption has already started years ago and it's a slow pace, which is understandable given the many obstacles that can't be easily dismantled. So, my guess is it's going to take many more decades before we see real mass adoption. Although I must say that multinational companies like Paypal adopting bitcoin will give some smaller firms a nudge. 

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[tanjiran]

Paypal is just like any other business that can decide to accept crypto as a form of payment. To not like this idea because Paypal is centralized doesn't make sense to me. It's not like they're going to run the blockchain.
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but at least with PayPal accepting crypto is a good sign that crypto will be more widely known. this is a very good move of course.

like evolution, it will take a long time for everyone to know and accept crypto. Moreover, there are many pros and cons related to decentralization that are strongly attached to crypto, many governments have not been able to accept this, because they are not ready to face the worst risks.
so we just enjoy this development, while taking advantage of opportunities that we can take advantage of

[Zemomtum]

It is not really the beginning of mass adoption but a good way to create awareness. Paypal will executive all transaction within, which look like a centralized control which is against the spirit of blockchain technology.

[acener]

For me it is surely the start of mass adoption since Paypal is a huge company.
They could be the way to enlighten others to finally accept crypto too I hope next time banks would also follow it,
But using them to store Bitcoin also means centralization so it would contradict the main purpose of Bitcoin.

[Kelvinid]

If we saw big companies are accepting Bitcoin it doesn't mean that we are in the mass adoption. They are just making crypto space for an opportunity to make another business to the growing crypto market and they saw huge potentials to market their services. What it pertains to this situation is that people are now moving into digitalization where Bitcoin is there. They don't want to be left behind as a part of the competition which makes them decide.

It is not really the beginning of mass adoption but a good way to create awareness. Paypal will executive all transaction within, which look like a centralized control which is against the spirit of blockchain technology.

That was I thought.
Well, I'm not sure if PayPal is serious this time as heard about rumors before where PayPal is against Bitcoin. Having them welcoming Bitcoin and another cryptocurrency brings some excitement on how it inflates to the market but we can't also make an assurance that everything will be fined.

[LogitechMouse]

PayPal Will Start Accepting cryptocurrency such as Bitcoin BitcoinCash Ethereum and Litecoin at the beginning of early 2021.
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Do you think this is the start of mass adoption in bitcoin? or Nah?

If you will analyze and dig deeper into what Paypal did, you will know the answer to this.
If you will just base this base on what Paypal did, in case you didn't know you can only just buy and sell Bitcoins to their website. Take note that you can't use it to buy another things and the worse is that you can't transfer the Bitcoins you bought so in short, what Paypal did is they just implemented an exchange like thingy in their platform but worse than the normal crypto exchange since you can't withdraw it at all.

Now to answer your question. Yes it adds awareness to those Paypal users but in terms of mass adoption, I don't think that this is the catalyst of it. If Paypal will add another features that relates to crypto like possible transfer of Bitcoins to another wallet or the like then probably yes.

[0t3p0t]

Well Paypal will only boost just like ads it will help promote but if we say mass adoption nah because Bitcoin already is. Most exchanges supports Bitcoin than any other coins and they are all over the world except those that has strong move against Bitcoin and cryptocurrency in general. There are maybe more companies will soon get involved with Bitcoin in the near future so we'll wait for it.

[gamer4156]

It's never a late an ideal opportunity to begin, in actuality, you began when you are bound to. Despite the fact that, you may have missed a ton as you have said. For what reason did I say as much? In the event that I hadn't began bitcoin the day year and month o began, I wouldn't have achieved this position. Increasing another position at that point was simpler than now, I realize how long I have been at my current position. What's more, even with the time I began, I did hesitantly, yet today I'm thankful I did.

[Fatemablabla]

I don't think mass adoption of bitcoin started now. From my opinion it has been stated many years ago like 2016-17. That was a great time for bitcoin. Many people started to believe it and many business adopted bitcoin than.
But 2020 is the golden era for bitcoin because of the Covid-19 pandemic. Many people were in home and because of the internet they came in to the bitcoin and crypto world. For this many new businesses accepting bitcoin now.

[ChiBitCTy]

I think PayPal accepting bitcoin was a MAJOR move towards the start of mass adoption.  I think that we have already been well on our way, but this was a massive bump forward in the right direction.  If you know PayPal at all, you're aware they are an immoral, fraudulent company that only cares about it's bottom line.  They in no way shape or form wanted to bring bitcoin or crypto on their platform as it technically goes against their entire business model.  The fact that they added bitcoin shows how far it's dominance/progression has come.  We are on our way to mass adoption, as we always have been, but have a long ways to go as well.

[buwaytress]

@OP yeah, one of the big reasons me actually leaving PayPal and convincing clients to use Bitcoin is because they made it so difficult for me to actually be a legitimate user (mainly cause of jurisdiction and nationality). It was granted, one of the easier ways for me to get paid and charge clients working as a freelancer but the account blocks and restrictions and constant verification pushed me to find something -- it made it a bit more inconvenient for clients but with discounts for Bitcoin invoicing I eventually worked my way to that.

So I'm not convinced PayPal putting Bitcoin as an option makes for adoption if you can't use PP in the first place!

[Alert31]

I think so because paypal is another way for the greater popularity of bitcoin and other cryptocurrency. Also bitcoin adoption already started long time ago, slowly but steadily. Pandemic is also another factor for people to become aware about bitcoin and cryptocurrency.

[adzino]

For me it is surely the start of mass adoption since Paypal is a huge company.

They aren't the first one to do so. Steam used to accept bitcoin and other crypto currencies. Microsoft accepts bitcoin as a form of payment. Various other well known vendors are still accepting crypto currencies.

They could be the way to enlighten others to finally accept crypto too I hope next time banks would also follow it,
But using them to store Bitcoin also means centralization so it would contradict the main purpose of Bitcoin.

Encourage others to finally except crypto? As far as I know, you won't even be able to send crypto currencies to other users from your paypal. All you can do is buy sell and hold. But, yeah the good thing is at least you will be able to use it to buy from anywhere paypal is accepted. Banks are already following the steps. They are taking preparation to try out the new technology.
Along with centralization, you won't have access to your private keys. This means you actually don't own the coins!

[Serious475]

I think so because paypal is another way for the greater popularity of bitcoin and other cryptocurrency. Also bitcoin adoption already started long time ago, slowly but steadily. Pandemic is also another factor for people to become aware about bitcoin and cryptocurrency.

Bitcoin really started long time ago since bitcoin is created. Every progression of bitcoin has a big contribution to occur the mass adoption and all of us are doing our best just to make that mass adoption occur earlier than what we are expected. If mass adoption occur early then there will be a big changes that will happen on the whole world in a positive way especially on a financial  way.  It will benefit all of those guys who know how to use bitcoin so we need to study about it.

[Genemind]

We can't conclude that it's the beginning of mass adoption but we could consider it as a great improvement for Bitcoin. Paypal still limits its transactions and it still requires conversion into fiat. It's an advantage for most PayPal users and crypto holders. However, I believe that there are still big merchants and platforms that will accept Bitcoin because this adoption is a good start.

[CASTIEL05]

It is not really the beginning of mass adoption but a good way to create awareness. Paypal will executive all transaction within, which look like a centralized control which is against the spirit of blockchain technology.

It can be also the beginning of mass adoption or pre-history of cryptocurrency industry. Paypal is a popular digital wallet that is use of people around the world. And I am sure that people that is using it will also try bitcoin once it adds on the list. I know that it will become hard at first but let us not judge paypal by it's own identity. It would not be centralizer because paypal never holds the blockchain technology.

[figmentofmyass]

@OP yeah, one of the big reasons me actually leaving PayPal and convincing clients to use Bitcoin is because they made it so difficult for me to actually be a legitimate user (mainly cause of jurisdiction and nationality).

So I'm not convinced PayPal putting Bitcoin as an option makes for adoption if you can't use PP in the first place!

i reckon huge markets like the USA are a bigger concern to them, in terms of the anticipated growth they expect from this crypto venture.

rolling out in 49 out of 50 states at launch is pretty huge, re the sheer number of customers all being reached at once. maybe i'm wrong, but this seems like a very powerful advertisement for crypto that every american paypal user is now seeing on their dashboard:

[mangsitin]

not only paypal, but bitcoin adoption is increasing as the number of crypto-ATMs has increased by almost 500% in 3 years.  Although regular Bitcoin ATMs are associated with very high transaction fees, they are also one of the easiest conversion methods, without the need for crypto exchanges or third-party service providers.  This Bitcoin ATM is distributed in more than 74 countries with more than 551 operators.  If we look at the distribution of these ATMs in different countries, despite regulatory barriers, the United States ranks in the top with the highest percentage of Bitcoin ATMs.  The United States accounts for a whopping 62.3% of the total number of ATMs spread across 3,678 locations.

[buwaytress]

i reckon huge markets like the USA are a bigger concern to them, in terms of the anticipated growth they expect from this crypto venture.

rolling out in 49 out of 50 states at launch is pretty huge, re the sheer number of customers all being reached at once. maybe i'm wrong, but this seems like a very powerful advertisement for crypto that every american paypal user is now seeing on their dashboard:

You reckon right I think, which really is why I think PP Bitcoin adoption isn't that big a deal as most might think, at least only because it limits it to the (currently) biggest economy in the world. It's a big ad for sure, but I'm not sure if 100s of thousands of Americans buying Bitcoin on Paypal actually does anything for Bitcoin fundamentals. Unless they all start withdrawing it to Bitcoin wallets too anyway!

[shoreno]

not only paypal, but bitcoin adoption is increasing as the number of crypto-ATMs has increased by almost 500% in 3 years.  Although regular Bitcoin ATMs are associated with very high transaction fees, they are also one of the easiest conversion methods, without the need for crypto exchanges or third-party service providers. 

its not about the paypal adoption that we are talking to but its the possibility of mass adoption for btc after this step of paypal integrating btc . you gave example of btc atm but you said the fees for those atm are high , that could discourage people to use btc and btc atm but not all as you said those atm are convinient and other users especially big users will swallow the fact they are paying a high fee just to make instant conversion . paypal on btc can be a solution to escape headache caused by fees .  btc are really undergoing in adoption before paypal takes place  but paypal can be a big help to push it .