PayPal created crypto checkout service!!

[TribalBob]

good news, when Paypal opens a checkout service for bitcoin it will make bitcoin prices even higher, and bitcoion holders will also increase
but this service cannot be enjoyed by the wider community, not only certain countries can use it?

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[Shasha80]

Many people criticized Paypal when it first adopted crypto, because Paypal users who had bought crypto but couldn't checkout. But I'm sure Paypal
wants to do some research first before finally providing the current checkout service. Even though it's a little late in my opinion what Paypal has done,
but it's better late than never. And I believe positive news like this will make the Bitcoin price go up even more, because all the positive news related
to crypto will contribute to the increase in Bitcoin price.

[xiboothrezi]

This news is a good move and I very much welcome PayPal news that allows new users to buy crypto from them.
~

Paypal has a very large user and spread all over the world, with the integration with cryptocurrency will give a new view to ordinary people that cryptocurrency is not "scary" like many reported in the media. This is a pretty good step to make crypto even more popular and easier to use.
thus the interoperability of this ecosystem is getting better, we will be more flexible in using crypto for our daily needs, isn't that fun?

[LeancyBTC]

This news is a good move and I very much welcome PayPal news that allows new users to buy crypto from them.
~

Paypal has a very large user and spread all over the world, with the integration with cryptocurrency will give a new view to ordinary people that cryptocurrency is not "scary" like many reported in the media. This is a pretty good step to make crypto even more popular and easier to use.
thus the interoperability of this ecosystem is getting better, we will be more flexible in using crypto for our daily needs, isn't that fun?

Your point is correct. But honestly, I do not like bitcoin. They are quite trash since my account always get 180 day limit.

I wish that amazon will join and start to accept bitcoin. Amazon marketplace contains a variety types of people and the richest man (both richest men) on the earth will make bitcoin more well-known

[Slow death]

Paypal adoption is not actually a great thing happened to the crypto community because they try to create the centralized payment system even with the bitcoin and the only positive thing is more people will hear the name bitcoin due to paypal adoption.

most people (at least in my opinion) use centralized exchanges, use centralized websites to buy bitcoin through bank cards, and use centralized services to withdraw bitcoin to the bank. so the issue of decentralization has been "weakened" for a long time and we have to accept that this was something predictable and inevitable to happen. People can enjoy their anonymity and decentralization when they do hodl because the coins are in the wallet where the person has control of the private keys, at least still have this great advantage, but when it comes to making trade and withdrawing funds for the bank the person will have to forget anonymity and decentralization

But people who really wanted to spend their cryptos for purchases will be happy about the news but who is going to spend it when everyone interested on holding?

 

I asked myself the same question

It already is as easy as using fiat, there's this thing called crypto debit card that allows you make payment in so many websites and direct crypto payment gateway also available, even if you want to buy things from your local store you can simlpy buy gift card or just use physical crypto debit card.

only a few countries have the privilege of using this option, in Africa for example it does not have this possibility

[Pom_bensin]

The news recently are very encouraging. BNY Mellon, VISA, Paypal, etc. There must be an upcoming surge in the price of Bitcoin related to all these very bullish news. Well, it has already started right now. The price is already reacting, surging past $58,000 very quickly. $60,000 within the day is very possible.

At least Paypal's treatment of Bitcoin has improved because of this. Bitcoin (BTC), Etherum (ETH), and Litecoin (LTC) are now real currencies with this fresh Paypal decision.

slowly but surely this happens, the price of bitcoin is currently experiencing a significant increase. So I think the issue is making crypto users happy and also the crypto market is volatile. maybe because the use of credit cards for crypto is getting bigger, making crypto an option for credit card companies to raise the issue

[Findingnemo]

Paypal adoption is not actually a great thing happened to the crypto community because they try to create the centralized payment system even with the bitcoin and the only positive thing is more people will hear the name bitcoin due to paypal adoption.

most people (at least in my opinion) use centralized exchanges, use centralized websites to buy bitcoin through bank cards, and use centralized services to withdraw bitcoin to the bank. so the issue of decentralization has been "weakened" for a long time and we have to accept that this was something predictable and inevitable to happen. People can enjoy their anonymity and decentralization when they do hodl because the coins are in the wallet where the person has control of the private keys, at least still have this great advantage, but when it comes to making trade and withdrawing funds for the bank the person will have to forget anonymity and decentralization

Centralized exchanges voids the anonymity but Paypal stealing the crypto access itself, because no withdrawal or send option is available for the cryptos purchased using Paypal so they are having the access to the funds which is also limited should not be encouraged in the long term goals.

[bobyhodob]

Paypal adoption is not actually a great thing happened to the crypto community because they try to create the centralized payment system even with the bitcoin and the only positive thing is more people will hear the name bitcoin due to paypal adoption.

most people (at least in my opinion) use centralized exchanges, use centralized websites to buy bitcoin through bank cards, and use centralized services to withdraw bitcoin to the bank. so the issue of decentralization has been "weakened" for a long time and we have to accept that this was something predictable and inevitable to happen. People can enjoy their anonymity and decentralization when they do hodl because the coins are in the wallet where the person has control of the private keys, at least still have this great advantage, but when it comes to making trade and withdrawing funds for the bank the person will have to forget anonymity and decentralization

Centralized exchanges voids the anonymity but Paypal stealing the crypto access itself, because no withdrawal or send option is available for the cryptos purchased using Paypal so they are having the access to the funds which is also limited should not be encouraged in the long term goals.

maybe later after paypal successfully makes easy exchanges, many exchangers work with paypal so that people can easily use cryptocurency for payments

[bobyhodob]

good news, when Paypal opens a checkout service for bitcoin it will make bitcoin prices even higher, and bitcoion holders will also increase
but this service cannot be enjoyed by the wider community, not only certain countries can use it?

doubt it's gonna create any significant pump to the market since things like this that allows people to checkout with cryptocurrency and the seller receives it in form of fiat already exists like for years so it won't be as impactful.
However, when it comes to their crypto checkout service I think it's gonna be limited to certain countries as you said, due to regulatory problem, paypal is too big to be under radar.

you are right, it seems that there will be some countries that cannot use this system because paypal has limitations, hopefully in the future all countries can use it easily and simply

[bobyhodob]

sometimes this news can bring positive news for a coin, I think now with the big name paypal with this news can be used as one of the best options to increase crypto, because since the popularity of crypto paypal has always been made as one of the options that have always been rumored with crypto

yes the good news about paypal since this year has continued to come out and work together to fix the cryptocurency system in their company, hopefully many companies will follow and support bitcoin such as paypal and Tesla

[Trinx01]

Paypal has so many users all over the world and this is really good news that they have now accepted the crypto checkout service or the feature wherein you can bow cash it out into fiat currency, this is a good step for making the crypto community bigger,  step by step, little by little and soon we could see that bitcoin will be adopted by so many companies and businesses around the world.

[Vishnu.Reang]

Centralized exchanges voids the anonymity but Paypal stealing the crypto access itself, because no withdrawal or send option is available for the cryptos purchased using Paypal so they are having the access to the funds which is also limited should not be encouraged in the long term goals.

From what I have heard, PayPal will enable withdrawals to third party wallets in a few months. It doesn't make much difference for ordinary people who want to invest small amounts such as $100 or $200 in Bitcoin. They will purchase their coins using PayPal and then when the time comes they will sell their coins there and withdraw the amount in USD or any other fiat currency. Obviously for experienced cryptocurrency users, that is an unsatisfactory proposition.

[Findingnemo]

Centralized exchanges voids the anonymity but Paypal stealing the crypto access itself, because no withdrawal or send option is available for the cryptos purchased using Paypal so they are having the access to the funds which is also limited should not be encouraged in the long term goals.

From what I have heard, PayPal will enable withdrawals to third party wallets in a few months. It doesn't make much difference for ordinary people who want to invest small amounts such as $100 or $200 in Bitcoin. They will purchase their coins using PayPal and then when the time comes they will sell their coins there and withdraw the amount in USD or any other fiat currency. Obviously for experienced cryptocurrency users, that is an unsatisfactory proposition.

I don't think that it is real news, Paypal plans for 2021 don't have such proposals or maybe am I outdated?

But if they allow people to withdraw cryptos then it will become on of the highly traded crypto exchange in the next few months.

[Asuspawer09]

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said.

The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company said.

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters ahead of a formal announcement.

https://www.reuters.com/article/us-crypto-currency-paypal-exclusive-idUSKBN2BM10N

That's actually nice to have that kind of option especially in PayPal, hopefully, it could be used in a lot of cryptocurrency platform as well because we all use Paypal and we really need that fiat sometimes when we need to convert that cryptocurrency.

I hope it doesn't turn out to be a delay or something like what happened when the cryptocurrency was launch in Paypal where people cannot buy and sell or something.

 As a widely used platform like Paypal, I have hopes that they have a lot of plans when the cryptocurrency in their platform. This could actually push the cryptocurrency a step to adaptation if Paypal continues to deliver and obviously a lot more companies and gonna be interested in sure in the future if this is recognized.

[ampu]

I wonder if the cost of electronic money transactions in Paypal is too high compared to the P2P cryptocurrency transaction or not?
If Paypal has a reasonable cost then I believe their service will be very attractive to users. Cryptocurrencies will have an additional money market and that helps promote the development of the cryptocurrency market in a more stable, long-term way.

[wxa7115]

Many people criticized Paypal when it first adopted crypto, because Paypal users who had bought crypto but couldn't checkout. But I'm sure Paypal
wants to do some research first before finally providing the current checkout service. Even though it's a little late in my opinion what Paypal has done,
but it's better late than never. And I believe positive news like this will make the Bitcoin price go up even more, because all the positive news related
to crypto will contribute to the increase in Bitcoin price.

I can understand why some people see this with good eyes and if you have some use for this then by all means go for it but you cannot still withdraw your coins, think about this, there is no way to tell at all if the bitcoin that you supposedly bought in their platform is in fact there, this could be an attempt to try to slow down the growth in the price of bitcoin while at the same time bringing more clients to their platform.

So as long as they do not allow you to withdraw your coins then the old classic proverb of "not your keys not your coins" is still true to this day.

[CarnagexD]

Something that should've been done in the past. Though I believe in the saying that it's better late than never. With this update, we expect that more and more people, especially those using paypal services, are going to invest their money into crypto. Which means more people adopting bitcoin, altogether helping bitcoin's price to increase, and maybe just maybe, further bitcoin's advance in becoming a currency that can top the conventional fiat currency we came to know.

[Wawa2013]

Something that should've been done in the past. Though I believe in the saying that it's better late than never. With this update, we expect that more and more people, especially those using paypal services, are going to invest their money into crypto. Which means more people adopting bitcoin, altogether helping bitcoin's price to increase, and maybe just maybe, further bitcoin's advance in becoming a currency that can top the conventional fiat currency we came to know.

As you said, it's better to be late than never, that's what happened to Paypal after providing the crypto checkout service. It's a little late what Paypal
has done, I don't know the real reason why Paypal didn't make the checkout service from the start. Maybe Paypal wants to know feedback from Paypal
users first, it turns out that Paypal user enthusiasm is quite high with Paypal adopting crypto. This is positive news that can trigger the price of Bitcoin
to rise, hopefully more and more Paypal users will invest in crypto now, after Paypal provides crypto checkout service.