PayPal cryptocurrency trading volume beyond expectations

[Vishnu.Reang]

^^^ So UK is the second country after the United States, where PayPal is allowing their users to purchase Bitcoin? I guess soon they will make Bitcoin available on their platform, in all the countries where it is 100% legal. This is proving to be mutually beneficial, to both the cryptocurrency users and to the PayPal shareholders. I am sure that the increase in PayPal quarterly profits is at least partially due to the inflow of funds from cryptocurrency users. The traditionalists are going to be disappointed, but ordinary Bitcoin users don't care. 

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[Daltonik]

PayPal UK has officially announced that all its customers in the UK can now buy, sell and store cryptocurrencies, supported digital assets include Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

[Pejoh Asu]

PayPal UK has officially announced that all its customers in the UK can now buy, sell and store cryptocurrencies, supported digital assets include Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

Good news, I'm sure soon we can deposit and withdraw bitcoin and cryptocurrencies on a paypal account, it's time for paypal to adapt to changing times, if we don't adopt cryptocurrencies soon, users will leave and of course paypal will die.

[FanEagle]

PayPal has announced a partnership with Amazon, in which Amazon customers will be able to pay for purchases through the Venmo payment service. The opportunity will appear to users from the United States in 2022, the new feature will be available on the website and in the Amazon mobile app.
https://newsroom.paypal-corp.com/2021-11-08-PayPal-and-Amazon-to-Enable-Customers-to-Pay-with-Venmo-at-Checkout

Would this mean that we could use Paypal to buy stuff with bitcoin on amazon? If that is the case then we could say that there is technically a method that we could use on amazon but if that is not the case then I do not know why it is even here. I get that it is not something that we would all love to see constantly, it is something that I would stay away as much as possible if I could because I hate paypal, but if they really offer a bitcoin purchase on amazon option then I may reconsider using paypal.

The reason why I dislike them is the fact that they support scammers, you may sell something, and it would be really what you sell and then person could do a chargeback and you would be in debt let alone not earn anything plus you are now gone one item that you sent as well.

So because of Paypal, a scammer may cause me money+item together and because of that reason I stopped using them long time ago. However this amazon with crypto thing could make me go back, not as seller but as a buyer.

[oHnK]

[quote
Would this mean that we could use Paypal to buy stuff with bitcoin on amazon? If that is the case then we could say that there is technically a method that we could use on amazon but if that is not the case then I do not know why it is even here. I get that it is not something that we would all love to see constantly, it is something that I would stay away as much as possible if I could because I hate paypal, but if they really offer a bitcoin purchase on amazon option then I may reconsider using paypal.

I don't think that Bitcoin will be a direct medium of exchange in Venmo and Amazon transactions but rather an indirect transaction meaning that before being paid to amazon, I suspect that the crypto in it will be converted to fiat first for spending.  Unfortunately I'm not a Paypal user because some of the main things that I don't think I deserve to have are the way you feel too.

[Fortify]

In the fourth quarter, payment giant PayPal attracted 16 million new customers and processed payments worth $277 billion. According to CEO Dan Shulman, the company is actively investing in the cryptocurrency division, which more than met expectations.

PayPal's total revenue for the fourth quarter increased by 23% to $6.12 billion in the fourth quarter. The financial results were positively impacted by the support for cryptocurrencies, which appeared for PayPal customers in the United States on November 12.

PayPal's declares its uniqueness and therefore inevitably leads to profit, but whether this is really so in the end we will decide

Now: Centralization reports on profit and decentralization shows a growing volume and on which side you will decide

It's nice to see the quarterly figures rising and we all knew that Paypal was going to be a big player once they launched it - Bitcoin has only been getting more good news since that time so we can expect to see higher amounts at the next publication. Paypal certainly isn't unique but they did have a huge customer base that they could push cryptocurrency towards and everyone wants a piece of it right now. Other payment networks will also be getting the memo now that they need to build up similar infrastructure if they want to open up a whole new area of transaction fees, as it is going to be extremely lucrative for the earliest players.

[paxmao]

Beyond whose expectations? At this point in time most people have heard about crypto, bitcoin and the stories about millionaires and fortunes made in a few years are flying around like tales of wonderland. I would expect at least a 30% of the total trade of crypto to be people that do not really know much about it taking small stakes in the most commonly known cryptos. Paypal has an immense advantage due to market dominance and millions of people having an account preexisting.

[19Nov16]

It's time for Paypal to adopt bitcoin, I'm sure if you still rely on conventional systems then paypal will die, it has been proven that the influence of bitcoin is getting stronger and affects many things, I'm sure if paypal immediately accepts cryptocurrencies and presents trading features it will make paypal able to compete with top exchanges at the moment.