More bullish news: Paypal will alllow crypto checkout

[teosanru]

I think this was much needed. The bitcoin investment thing without allowing to send it was a useless feature. Despite all the safety checks that they were guaranteeing about actually holding cryptos I was still skeptical whether they actually buy the thing or are just showing up numbers. But after the checkout option, one could trust them with genuineness. Moreover honestly speaking I think it should be a necessary feature that should be available across every wallet that decides to give investment options of bitcoin to it's users. But yes I think even now they will keep such expensive fees that make it difficult for users to cash out in cryptos. What's their checkout fees? Anyone who uses paypal?

[Twentyonepaylots]

It took them a couple of months to finally realize that people needed a checkout feature, but they finally did it. I believe this will be one of the other moves they will make to make Paypal the premiere cryptocurrency exchange/wallet of the masses, which is good since competition will only facilitate further improvement, which is good for us customers because this means more things for us to enjoy.

[pinggoki]

I've already read some articles regarding to this a few months ago and I am pretty sure that because of this adaptation and due to this happening the market will absolutely pump again and this will probably become a roller coaster ride for everyone. This PayPal will probably becomes a cryptocurrency exchange in which many people will be able to used this compared to that paypal is just using fiat currency to transact. Another thing is that maybe they are seeing this cryptocurrency as a positive side so that they grab it.

[verita1]

Paypal's strategy is great. Although I have not read anything about the operating costs but I think this would reduce the intermediaries, the fees should be low, good transaction times and a user friendly app for everyone.

Paypal would capitalize the cryptocurrencies that its users spend as it is the one who has the wallet.
It is the opportunity for Paypal to completely renew itself by including cryptocurrencies as a means of payment because it is committed to being a leader in the industry.
Here it can be said that the user is always right.

[just_Alice]

I think for now it's the only way for PayPal to make purchases officially possible, or is there another solution? Though conversion to fiat may end up in big and unexpected fees, I imagine (if they don't create some kind of regulations in this regard).
Anyhow, it is good to know that this all wasn't just some sort of hype to attract new clients and increase the stock value. It seems that they are serious about crypto and support the adoption idea.

[Golftech]

I know Paypal providing/allowing crypto checkout through the merchants will help/surge the price of the cryptocurrency market but this still does not change the fact that Paypal doesn't provide sound crypto services because they do not allow the withdraw of crypto on their platform.

Sooner or later that thing will happen, it's a process the fact that they already catered Bitcoin and bring bitcoin

to thier service, that something that bring the hypes, those who didn't know things about Bitcoin will be curious

and sooner or later, they will be following this system and invest their money out. No need to rush, just hope

for the best outcomes.

[cabron]

I know Paypal providing/allowing crypto checkout through the merchants will help/surge the price of the cryptocurrency market but this still does not change the fact that Paypal doesn't provide sound crypto services because they do not allow the withdraw of crypto on their platform.

Sooner or later that thing will happen, it's a process the fact that they already catered Bitcoin and bring bitcoin

to thier service, that something that bring the hypes, those who didn't know things about Bitcoin will be curious

and sooner or later, they will be following this system and invest their money out. No need to rush, just hope

for the best outcomes.

What they need to provide to the Paypal users is to allow them to withdraw Bitcoin out to be withdrawn to their personal wallet. If they are not doing that, chances is that PayPal users will just go to p2p to buy their BTC. 

The advantage of what they did right now is that they are making users at least profit when BTC goes up and then they can withdraw fiat. This will still provide a trading platform for them.

[pilosopotasyo]

This is something we all want PayPal to do now they finally realized that they can make more profit by letting their users cashout to Cryptom now things will get pretty excited now, we can now use Crypto to check out products and services that we all want to purchase but we do no have credit card or bank to use or fund our , it will benefit third world users.

[TastyChillySauce00]

It took them a couple of months to finally realize that people needed a checkout feature, but they finally did it. I believe this will be one of the other moves they will make to make Paypal the premiere cryptocurrency exchange/wallet of the masses, which is good since competition will only facilitate further improvement, which is good for us customers because this means more things for us to enjoy.

I honestly think that there has been a decrease of users that uses their service to buy goods online and they trying to look into it, turns out people are already switching over to cryptocurrency as I've seen so many shops are now accepting crypto and even offer additional discount which i don't even know why and as you can see "if you can't beat them join them" is what exactly paypal doing at this point which is perfectly fine as it's gonna increase crypto adoption in general.

[Coin_trader]

This is something we all want PayPal to do now they finally realized that they can make more profit by letting their users cashout to Cryptom now things will get pretty excited now, we can now use Crypto to check out products and services that we all want to purchase but we do no have credit card or bank to use or fund our , it will benefit third world users.

I'm not that familiar on the development of crypto payment on PayPal but AFAIK, they have only a virtual BTC being offered so this cashout is as expected since customers is not really buying Bitcoin but a BTC proxy only. This will be only limited to Bitcoin alone since they still don't announce acceptance of other cryptocurrencies.

Unless I'm wrong about there checkout feature. Correct me if I'm wrong.

[ven7net]

Indeed, the adoption of crypto continues and large companies understand that if they now miss the opportunity to introduce crypto, then other companies will fill this niche, and they will be the loser. The news about PayPal contributes to an even rapid adoption of crypto in the world, which means that in 2021 we will see continued growth in BTC and the crypto market as a whole. I believe that other large companies will also contribute to the growth of BTC, which will eventually also begin to implement BTC and crypto.

[omone1]

It's clear, the traditional system has lost it. I was laughing when the central bank of Nigeria asked banks in the country to stop processing crypto related transactions and immediately they made the announcement, bitcoin interest in the country increased. The Central bank government is left confused. Banks will either integrate cryptocurrency in the future or go into oblivion.

[dimonstration]

It took them a couple of months to finally realize that people needed a checkout feature, but they finally did it. I believe this will be one of the other moves they will make to make Paypal the premiere cryptocurrency exchange/wallet of the masses, which is good since competition will only facilitate further improvement, which is good for us customers because this means more things for us to enjoy.

They might feel the struggle of not being able to do checkout, since PayPal is we're used to pay bills as well in terms of cashing out from different websites having the feature is definitely a must, it also would mean that they were expanding in operations and acceptance of crypto which is a good thing for community and can influence many to start investing.

[stadus]

I'm seeing this is a big news with a good impact in the long run.

Adoption really is not for holding only, it should be the (buy/spend) transaction and good thing Paypal have already allowed that.
However, on how it will reflect to the price, I guess we will never know as price now could be overvalued and might be due for correction, however, I could also be wrong because bitcoin could still pumped and might reach to a $100k, which is another significant success. 

[LUCKMCFLY]

I'm seeing this is a big news with a good impact in the long run.

Adoption really is not for holding only, it should be the (buy/spend) transaction and good thing Paypal have already allowed that.
However, on how it will reflect to the price, I guess we will never know as price now could be overvalued and might be due for correction, however, I could also be wrong because bitcoin could still pumped and might reach to a $100k, which is another significant success. 

I agree that it will be good news in the long term, in addition to the fact that US citizens have the opportunity to spend in Bitcoin is very good, also Paypal is one of the large companies that has invested a lot of money in Bitcoin, we could soon see Amazon, Apple that they also buy, it is very likely.

Also recently in a series of Marvel / Disney they mention Bitcoin, it is a series that many fans of the avengers follow, this can cause a very good impact in the long term, this type of news always does its part in the long term, it causes many to take interest In Bitcoin, now is a good time, because the pandemic is raging in some countries and this forces to spend more time at home, therefore more time on the PC, the conditions are in favor of Bitcoin.

[jostorres]

Indeed, the adoption of crypto continues and large companies understand that if they now miss the opportunity to introduce crypto, then other companies will fill this niche, and they will be the loser. The news about PayPal contributes to an even rapid adoption of crypto in the world, which means that in 2021 we will see continued growth in BTC and the crypto market as a whole. I believe that other large companies will also contribute to the growth of BTC, which will eventually also begin to implement BTC and crypto.

That's right, those companies know for a fact that if they end up not investing into crypto, they are going to end up missing a lot and that's why they keep investing into crypto nowadays, that's going to not change for a while and that's why I am super excited about the potential of bitcoin in the future considering there are so many bigger companies that could get in combined tens of billions of dollars.

We have seen some financial companies like microstrategy and grayscale go into bitcoin, but there are huge ones like jp morgan or even banks that could get in and they can spend a lot more, we have seen regular companies like Tesla go in, but there are so many other big companies like amazon and google that could go in, we are talking about insane amount of money to be still out there that could go into bitcoin and that's why I am optimistic about the price of bitcoin in the future.

[Sithara007]

I'm seeing this is a big news with a good impact in the long run.

Adoption really is not for holding only, it should be the (buy/spend) transaction and good thing Paypal have already allowed that.
However, on how it will reflect to the price, I guess we will never know as price now could be overvalued and might be due for correction, however, I could also be wrong because bitcoin could still pumped and might reach to a $100k, which is another significant success. 

I would say that given the huge boost in adoption and userbase that we had in 2020-21, Bitcoin is heavily underpriced. Forget about $100,000 level. I won't be even surprised if BTC shoots upwards to $250,000 in the near future. And it is not just the increase in acceptability/adoption. A major factor has been played by the stimulus measures as well. People are rushing to convert their cash reserves to other assets (such as cryptocurrency and bullion), because they are afraid of hyperinflation.

[TheUltraElite]

According to what I read when the PayPal company first integrated Cryptocurrency, they are plan to expand the crypto features to every location/country where PayPal operates which their government has no legal ban on crypto but the initial implementation will start from the US wheres major crypto users.

Countries where bitcoin is still a grey area might need further improvements regarding the stance of bitcoin. Of course the North American continent countries are using crypto more than their asian counterparts. We have Bitcoin ATMs in USA maximally, the only one that was set up in India was taken down by the police, but possibly it was a genuine money laundering case.

But with Paypal, these countries may have an boost on bitcoin trading bans.

Although I don't like Elon manipulation tweet but I respect the wonderful job he does in making Bitcoin more popular within the people that have a negative impression about Bitcoin before.

It has both its good and bad effects. The pumping of bitcoin drove the price up but this became an inorganic growth. A support level might be much lower and hence a sudden drop can happen at anytime if there are no support levels already built. They get built with gradual price rise not sudden price rises over a few weeks.

But, I have read that some merchants in Korea accept Bitcoin as payment is this genuine information?

Me cant say, possibly this can be only in South Korea , but only their natives can confirm.

[Anonylz]

Well, merchants still receive fiat, cash instead of bitcoin in their wallets. To me, that does not determine the good sign but we have to agree to disagree. At least PayPal is doing something for the cryptocurrency although their activities seem to increase benefits for themselves

This might be the first step toward full adoption of PayPal toward bitcoin and other cryptocurrencies. The progress may be just at the beginning but we can hope to see many advanced features and addons while PayPal tries to develop its ecosystem. And I am waiting for more cryptocurrency to be accepted on their platform

One step at a time, Rome was not built in a day,  merchants may not be receiving btc directly right now but who knows what will happen next, since the time PayPal made the announcement of including crypto to their services they have made several adjustment and updates since then, I guess they like to take things one step at a time and observe how users react to those services,
I believe with time that will be included and merchants can receive btc directly just as they receive fiat.

[Shasha80]

Well, merchants still receive fiat, cash instead of bitcoin in their wallets. To me, that does not determine the good sign but we have to agree to disagree. At least PayPal is doing something for the cryptocurrency although their activities seem to increase benefits for themselves

This might be the first step toward full adoption of PayPal toward bitcoin and other cryptocurrencies. The progress may be just at the beginning but we can hope to see many advanced features and addons while PayPal tries to develop its ecosystem. And I am waiting for more cryptocurrency to be accepted on their platform

One step at a time, Rome was not built in a day,  merchants may not be receiving btc directly right now but who knows what will happen next, since the time PayPal made the announcement of including crypto to their services they have made several adjustment and updates since then, I guess they like to take things one step at a time and observe how users react to those services,
I believe with time that will be included and merchants can receive btc directly just as they receive fiat.

I agree that someday merchants who work with Paypal will be able to accept payments with Bitcoin. Paypal will do it in stages, because a company
as big as Paypal will always be careful in making decisions. Because it was a very big decision for Paypal if merchants finally started accepting
direct payments with Bitcoin. In fact I predict there is a possibility that Paypal will make their own exchanges too, actually this is a big thing in
my opinion with the news that Paypal will allow Bitcoin checkout.  Even though Paypal started adopting Bitcoin in just a few months.
But there has been an update regarding Paypal's policy regarding cryptocurrency.