Paypal Experimenting with smart contract !!

[Strongkored]

This is still an experimental and test stage meaning they may not actually implement it because a big company like PayPal will first calculate the advantage and disadvantaged of adopting crypto to their platform, if they finally implement it will it be like XRP? that is centralized they will have full control over that crypto.

[Lantind]

“PayPal's crypto unit is experimenting with smart contracts, and testing Ethereum and other blockchains as potential candidates to help the company improve payments and other transactions.”
Source: twitter

Is this news gives a posetive effect on crypto, what do you think?

I think it will have a good effect on crypto, because with Paypal doing the experiment it will make comparisons between fellow smart contracts and will add new competition in crypto, which will make crypto even more developed in the future.

[Musekay]

If that happens, that will be a huge plus for the crypto space. That is an option i believe alot of crypto users have been waiting for. That will be a huge plus but lets wait till it is fully official.

[(o)(o)ilikeboobs(o)(o)]

I have not heard of this yet, but it has happened that technology companies have been experimenting with blockchain for years. Apple, Samsung, Hyundai, Microsoft have filed for hundreds of blockchain-related patents.
Paypal's research on smart contracts is also a good sign and they are probably doing it for a long time.

[cryptoperkele]

“PayPal's crypto unit is experimenting with smart contracts, and testing Ethereum and other blockchains as potential candidates to help the company improve payments and other transactions.”
Source: twitter

Is this news gives a posetive effect on crypto, what do you think?

Tweet isn't available, but you can find the decrypt article.

About the article itself: Of course they are experimenting with smart contracts. They would be fools not to explore something that might reduce the costs, imho there are probably ton of different projects looking at the smart contracts. Sadly ETH 2.0 delay is dragging the adoption behind.

[irixo10]

PayPal seeking to leverage smart contracts to make payment more efficient is a good move, but we hardly can say anything until they are serious about it because saying something is different while doing that which has been said is the main deal. However, such move by PayPal will take them forward among others and if they succeed in leveraging the Ethereum smart contracts or blockchain then it would be a big one for them, because everyone knows that when it comes to smart contracts, Ethereum is the biggest and most efficient.
Lastly, news like this are highly good for the crypto space; on one hand it helps to drive more hype, and attention while on the other side it helps to show to the world that crypto has come to stay and the best anyone can do is to get involved as quickly as possible.

[tarable]

If that happens, that will be a huge plus for the crypto space. That is an option i believe alot of crypto users have been waiting for. That will be a huge plus but lets wait till it is fully official.

Even though it's not completely official yet, I'm also a little sure that it will happen in the future if the conditions
and development of crypto get better as it is today.

[Lantind]

I have not heard of this yet, but it has happened that technology companies have been experimenting with blockchain for years. Apple, Samsung, Hyundai, Microsoft have filed for hundreds of blockchain-related patents.
Paypal's research on smart contracts is also a good sign and they are probably doing it for a long time.

Yes, and in general all the things that each company has done can make the blockchain stronger basically, even though they also do their own research at different times, but this will have a good impact on the development of blockchain as well in the future.

[1l1l11ll1l]

This is still an experimental and test stage meaning they may not actually implement it because a big company like PayPal will first calculate the advantage and disadvantaged of adopting crypto to their platform, if they finally implement it will it be like XRP? that is centralized they will have full control over that crypto.

But at least this is a sign that mass adoption has started. I think this is a big step for blockchain. There is nothing negative about them doing smart contract testing, if it works this will also be more profitable for the blockchain and crypto community

[Valak]

“PayPal's crypto unit is experimenting with smart contracts, and testing Ethereum and other blockchains as potential candidates to help the company improve payments and other transactions.”
Source: twitter

Is this news gives a posetive effect on crypto, what do you think?

If PayPal has made Bitcoin and Ethereum as a means of payment, I think 10% will increase the price of Bitcoin and Ethereum. Even though PayPal is the largest payment platform, most PayPal users are already using crypto earlier. This means that there are not too many additional crypto users.

[Fredomago]

“PayPal's crypto unit is experimenting with smart contracts, and testing Ethereum and other blockchains as potential candidates to help the company improve payments and other transactions.”
Source: twitter

Is this news gives a posetive effect on crypto, what do you think?

If PayPal has made Bitcoin and Ethereum as a means of payment, I think 10% will increase the price of Bitcoin and Ethereum. Even though PayPal is the largest payment platform, most PayPal users are already using crypto earlier. This means that there are not too many additional crypto users.

'
Not sure if they have lots of crypto people around their service, Paypal creates impact when they announce their support to this sytem and for sure until now they are bringing new traders and investors.

Those who don't have any idea regarding to crypto who trust Paypal might gather interest to learn more about crypto.

It will always positive, the more people to support this system the more adoptions will take palce.

[HanaTenun]

hopefully paypal really realizes this, if paypal is successful, then this will have a big positive impact on the crypto world, because there will be many competing companies trying to follow in paypal footsteps to take advantage of blockchain to develop their company

Yes, but at this time it still hasn't been implemented by paypal so everyone can only hope for the best on paypal in terms of implementing Blockchain on their account, because I myself am also happy if this can be realized on paypal.

yes, it will make it easier for many people to adopt cryptocurrency, because so many people use paypal to transact.  I also hope this paypal project will materialize soon, it will have a very positive impact and will make it easier for everyone.

[Lantind]

If this is true Paypal will use blockchain to improve the company in payments and other transactions, this is great news in the crypto world, because it means a company as big as PayPal also believes in crypto, with this happening it is hoped that other big companies will follow suit too.

Yes, in general Paypal clearly believes in crypto because paypal has also seen several other large companies that have used blockchain for certain things, so that Paypal also has the same intention in this case so it will be very good for the continuity of crypto in general.

[Anonylz]

This is still an experimental and test stage meaning they may not actually implement it because a big company like PayPal will first calculate the advantage and disadvantaged of adopting crypto to their platform, if they finally implement it will it be like XRP? that is centralized they will have full control over that crypto.

Why experiment if they don't have intention to implement!, i believe they are thinking towards improving their business structure, ever since they annouce their involvement in crypto, paypal has been looking for ways to make the experiene much better, if they are experimenting on smart contract of different blockchain can only mean they are ready to take the bold step to fully incorporate crypto into their system to enhance wider adoption.

[Gayong88]

This is very extraordinary. if Paypal already has a smart contract tied to Ethereum and other blockchains, it will increase Paypal's own features and trust for its users in terms of transactions. I am sure it will become a strong magnet and will be mass adopted.

[Republikcoin.com]

It's too early to guess what PayPal will do in the future. They are just starting to learn about smart contracts, which means that there are still many possibilities that could happen regarding projections regarding the implementation of cryptocurrency on PayPal. Maybe PayPal chooses one of the blockchains to support their needs, or maybe they plan to build their own blockchain according to their needs. But certainly, PayPal is likely to enter the world of cryptocurrency to become the foremost payment gateway and become a leader among competitors.

Let's see what happens next at PayPal

[SarangWallet]

“PayPal's crypto unit is experimenting with smart contracts, and testing Ethereum and other blockchains as potential candidates to help the company improve payments and other transactions.”
Source: twitter

Is this news gives a posetive effect on crypto, what do you think?

This information has been conveyed from years ago, but PayPal has not shown concrete evidence in this regard. Even the tweet link you provided is invalid. Indeed, everyone is waiting for all of this, and hopes that crypto will be increasingly booming when large platforms like PayPal have made crypto a means of payment.

[Golftech]

if paypal is really going to make it happen and successful, this will be a big breakthrough for the crypto world, because if a company as big as paypal succeeds in implementing crypto technology to develop its company then it is likely that other companies will also follow in paypal footsteps

A big name inside business industry really got a good domino effects once this experiement

succeed, we will expect a lot more coming from other businesses. We do understand that

business personalities have a good tieup from each other, they are just waiting for whatever

good results before moving forward and adopt the system..

[Atang Sulaeman]

if it does happen to adopt the ETH system which clearly wants to increase the profit
enormously again and the ease in every transaction for its users.

[Lantind]

if it does happen to adopt the ETH system which clearly wants to increase the profit
enormously again and the ease in every transaction for its users.

Adopting the ETH system is not a mere coincidence, but rather a necessity for some projects because almost all project developers have realized that the ETH system is very good for adoption.