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Author Topic: Paypal allows crypto payment for all 29mil merchants  (Read 358 times)
KTChampions
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April 05, 2021, 11:31:39 AM
 #41

I also do not understand the optimism around this news. There is nothing fundamentally new, another derivative has been created that has a very weak relationship to trading using bitcoin. No acceptance or anything positive - on the contrary, if the "progress" of the crypto continues in this way, then in the end it will be completely controlled and managed by banks.

I personally barely use Paypal but the thing is Paypal is a mainstream payment processor and them implementing cryptocurrencies in their service from buying and selling them to directly converting them is a big step towards mass adoption. Since it is mainstream then definitely it will boost the awareness of a lot of users about what cryptocurrencies are which is for me beneficial for us. We have been all waiting for big names to step up and have cryptocurrencies part of their businesses now that they are here I don't understand why there is still negativity about it.

In recent months I have been using PP very actively and it is a big pain  Grin But I have to admit that none of my counterparties offered me to use the crypto instead of PP, there were proposals regarding other payment systems, but not a single one about the crypto. And I do not know how this innovation from the PP will expand the use of crypto, except as an investment tool.

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April 05, 2021, 06:18:18 PM
 #42

This is a huge and great news for crypto space. More token will be supported as we graduate to a mass adoption. I can see that we are in the era of digital currency, and before we know, we are going to experience the same as that of internet which nobody can do without it at present.
But, paypal has always been a bad one, between paying for fees to getting your account locked to creating debt when there is none all things paypal does is a bad business practice. Many people moved to other places as well and I think they were right about moving somewhere else.

I just think that paypal is trying to gather some crypto people because they have lost a lot of momentum they had, the previous 10 years of paypals life was a lot better than the last few years (maybe except 2020 and 2021 because of pandemic, but more like 2017 and 18 and 19) and that is why I think they are trying to get crypto people involved, to get back into the momentum they had. Some companies grow super fast, I mean facebook was invented in 2004 and had just Harvard, in 2007 it was all over the world, but they can't keep growing bigger forever, paypal can't neither so that is why they are trying to grap as much as they can while going down.

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April 05, 2021, 09:32:02 PM
 #43

It is good news that Paypal supports cryptocurrencies, this will increase the popularity of the crypto market, and thousands of people who use Paypal will join the crypto due to its wonderful capabilities, we hope that more online payment sites will support crypto such as payoneer, stripe and others.

Paypal is bigger with those typical payment providers online but it would be good if they will be adding up into their feature where you can deal up with bitcoin
aside from fiat transactions and now that Paypal did make the first move then this possibly able to open up others eyes and might consider on going with the
same path but dont expect that all will really be having the same input or perception towards bitcoin because there are still those no-coiners or non-believers on this
market.Now that paypal allows crypto payment then this is really a good news of adoption.
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