Do you think this is can bring good drive to crypto market

[ANSEL_2.0]

Pay Pal just added support for the following on its platform via mobile app

1. Bitcoin
2. Ethereum
3. Bitcoin Cash.
4. Litecoin

Do you think this can have any good impact on the market?

https://paypal.com/us/digital-wallet/manage-money/crypto

[TastyChillySauce00]

That's good but. The only question is why should paypal add fork coin like bitcoin cash which was very shady to the its list of accepted cryptocurrency in the platform via mobile app? that looks so weird and this time people rarely using this fork coin anymore.
They are focusing into first or second layer blockchain which were very cheap compared with that fork coin. That questions may become a big question for anyone.
Litecoin is good enough compared with bitcoin cash.

[hyudien]

1. Bitcoin
2. Ethereum
3. Bitcoin Cash.
4. Litecoin

For what reason did PayPal include Bitcoin Cash, if they have already entered Bitcoin it's better not to have to put in dead fork coins. Maybe Ethereum will cost money but after Ethereum 0.2 it will be a bit different. But I tend if PayPal just BTC, ETH, and LITECOIN is a good alternative, or maybe BNB and Stablecoin for more variety.

[ANSEL_2.0]

1. Bitcoin
2. Ethereum
3. Bitcoin Cash.
4. Litecoin

For what reason did PayPal include Bitcoin Cash, if they have already entered Bitcoin it's better not to have to put in dead fork coins. Maybe Ethereum will cost money but after Ethereum 0.2 it will be a bit different. But I tend if PayPal just BTC, ETH, and LITECOIN is a good alternative, or maybe BNB and Stablecoin for more variety.

Bitcoin cash is not dead yet, also this project can make a big comeback in future who knows? I have use Bitcoin cash to make a payment few times before and I kinda like it better than Bitcoin.

[ryzaadit]

Yes.

More people coming to crypto more volume can be made, remember comparing to the wall strea market. Our marketcap crypto is only 1% we need adoption as much we can from around the world.

As long bring a positive side, then is gonna to give a good impact in the long term.

[Imran232]

<......................>

Look PayPal is the world's most used and trusted payment app, which means it is related to finance. So anyone who has used paypay has money, and if they want, they can invest some of it in cryptocurrency. Just think that because of this update, lots of people have known about crypto, and we believe that if more people know about bitcoin, then more people will be interested in investing in bitcoin and crypto. Then, no matter if they are interested in investing, they might be used by other exchanges to buy other crypto too. So yeah, it's obviously good. That's my opinion. Thank you.

[isaac_clarke22]

~

I thought this was only a joke back in the days, but Paypal really did it this time, huh. I was not expecting them to adopt Bitcoin, since I believe that payment processors won't just accept something or adopt something that is usually volatile in terms of price.
I did not expect other coins to be adopted though.

[Jancuki]

News like this can be said to have a good impact, of course with accurate information this will give a little good hope for the development of crypto so that it can be said that it will have a positive impact in the future. Hopefully in the future there will be more large platforms that support using crypto coins.

[X-ray]

Adding bitcoin cash seems to be a wrong step for that but yeah it was making people can spend or use crypto like bitcoin and ethereum in their mobile app but since bitcoin cash was appearing in the list and that doesn't sound good at all. Paypal did a good job for that but that would better if this payment service was removing the name of bitcoin cash from the list. that would be more attractive rather than mentioning shady scam coin like that to be supported by paypal mobile.

[sheenshane]

Yes, possible.
Since PayPal allowed users to withdraw their coins to an external wallet.

This can bring a good impact on the market price since Paypal is also a large company.  But those people who only don't know how to purchase crypto in a better way, IMO, I don't like to use Paypal since they are heavily KYC required and also have high fees for purchase and sell amount.

All in all, it's still good news.

[dansus021]

People who like paypal and like crypto will very happy. adding ethereum is already good tho the EVM token will be much easier to add later. and why you guys hate so much bitcoin cash  I mean its way better than bsv I'm using it as payment too. The bch market still at top 50 and maybe there a lot of exchange support it for better liquidity

maybe Paypal bring this to all members because I don't see any crypto in here indonesia

[Silberman]

Actually the impact that will be caused to the market must be there. What is certain is that the price will rise, due to increased demand.This is because people who don't understand how to buy Bitcoin, Ethereum, Bitcoin Cash or Litecoin they will be able to have it easily, just by using this Paypal APP

Sometimes things are not that straightforward, while a news like this is without a doubt a good one the markets do not automatically react in the way we expect, after all the whales have a lot of say when it comes to the movements of bitcoin and if they do not feel like supporting a positive movement right now then we cannot expect the price to move upwards for long, however over the long term this should attract more people to this market and this is without a doubt a good thing.

[TravelMug]

The news seems to be very positive, but we have to look at the current market sentiments and I would say that it will have no impact at all on the price of crypto. This kind of news is good in paper, but most of the time, investors are going to hold and still be reluctant. Paypal is a still a 3rd party service, so we don't have control, they will support it, but what happens if they flag some suspicious activity?

[MAAManda]

Do you think this can have any good impact on the market?

All good news about crypto will certainly have a good impact, big or small the impact depends on how big or small the news is. And I think the news about PayPal currently supporting several Mainstream cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin and Ethereum is good news that doesn't get too hype because the hype about institutions supporting crypto has passed.

In conclusion, this news does not have a significant impact on crypto as a whole.

[Ahli38]

this is great news. and of course will have a positive impact on the market. but now it probably won't be too pronounced from the impact. But it will be felt in time. and this shows that soon there will be other financial platforms that will follow paypal. And eventually cryptocurrency will be available on all financial platforms.
But I expect there will be additions for BNB and Tron.

[posi]

It would have been better if bitcoincash had been replaced by another altcoin, a coin that is no longer used much in the market and can be regarded as dead, a coin that would not be as popular. It is not clear how this will impact the market, but it is likely that this action will help PayPal become more popular and attract better customers. They are trying to grow the company rather than help the market grow.

[Jawhead999]

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Paypal is very known third party who often freeze someone moeny without any reason and even they're accept crypto, they're not allow their users to transfer to their external wallet. It's very inconvenience, how can it bring a good adoption to crypto market? Moreover they're already state there's no private key and we're need to trust them with our money. This is similar like banks concept who control the whole financial related every customers.

[ethereumhunter]

That's good news for Paypal users because, as we know, Paypal has many users spread across many countries. With support for crypto in their application, it makes it even easier for users to buy and sell crypto if the application provides that feature. If it works, more Paypal users will try to join the crypto, which will make the crypto even better. So let's wait for further news from Paypal and hopefully, it's good news to provide an opportunity for crypto to go in a better direction too.

[Nrcewker]

Pay Pal just added support for the following on its platform via mobile app

1. Bitcoin
2. Ethereum
3. Bitcoin Cash.
4. Litecoin

Do you think this can have any good impact on the market?

https://paypal.com/us/digital-wallet/manage-money/crypto

Is it only available in the mobile app?
Also what about countries where cryptos are banned? Paypal made this for specific countries or any country where PayPal works people can transact Bitcoins?
Maybe this might help to grow the price of all the coins.
Nevertheless let’s see and wait if there is any hike in market or not.

[livingfree]

Do you think this can have any good impact on the market?

I'm sure that the news about PayPal having a support to crypto has been long time ago and this isn't a new news.

Well, as for this news, it has a very good impact to the market but, AFAIK this support from PayPal doesn't really support crypto deposits and withdrawals and it's like you're just playing numbers and names on their platform.

But with their TOS on that page and under it, it seems that they're already supporting in and out transactions which is totally a good news.