PayPal hand to hand with Cryptos

[Blawpaw]

Great news for the crypto community!

It looks like PayPal has unapologetically joined the crypto world! The Industry leader announced it was opening crypto services in the coming days through its Luxemburg branch.
PayPal users in the country will be able to buy and sell cryptos through their EU- Based PayPal accounts.

"The introduction of this service offers Luxembourgish customers a new way to explore cryptocurrency in the PayPal environment they know and trust and provides customers access to educational content to help answer commonly asked questions and better understand the opportunities and risks associated with cryptocurrencies. Once available, eligible customers will be able to buy, sell and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash in their PayPal accounts via the website or the mobile app. PayPal’s cryptocurrency services were first launched in the U.S. in 2020 and expanded to the U.K. in 2021."

[blockman]

I think the news is specific to the Luxembourg people because as you've said and it's known that PayPal have also included crypto 2 years ago. And it's just like integrated support to crypto with their services and as they launch, you can't send and receive and withdraw crypto directly on your PayPal but are only allowed to trade, buy and sell within their platform. But, this is good news then for those people that are in the UK. They're expanding and if so, PayPal is missing a lot of market on this one since Binance and other exchanges have been there.

[milewilda]

I think the news is specific to the Luxembourg people because as you've said and it's known that PayPal have also included crypto 2 years ago. And it's just like integrated support to crypto with their services and as they launch, you can't send and receive and withdraw crypto directly on your PayPal but are only allowed to trade, buy and sell within their platform. But, this is good news then for those people that are in the UK. They're expanding and if so, PayPal is missing a lot of market on this one since Binance and other exchanges have been there.

If we do try to make out some comparison in between BInance and Paypal then we could really see those big and significant differences which it would really be normal that Paypal couldnt really allow or do make it that
way.Yes, you could buy up some crypto but we do all know that it cant really be transfer directly into other wallets and you do really just do able to make out some traders or conversion internally.
Well, whatever news that do really correlates or connected about recognition or expanding out crypto thing into certain country will always be a good news.
It is really just there are things which we dont really like to deal off with.

[goaldigger]

Paypal has been doing this for years already as they realized the demand for crypto and adopting it might benefit them a lot. Paypal is doing things slowly but surely and focusing in one area with a great demand for crypto is a good strategy. This is a good development from Paypal and hopefully they’ll also introduce this to many countries and make things more possible, this is a good news for every Paypal users.

[blockman]

I think the news is specific to the Luxembourg people because as you've said and it's known that PayPal have also included crypto 2 years ago. And it's just like integrated support to crypto with their services and as they launch, you can't send and receive and withdraw crypto directly on your PayPal but are only allowed to trade, buy and sell within their platform. But, this is good news then for those people that are in the UK. They're expanding and if so, PayPal is missing a lot of market on this one since Binance and other exchanges have been there.

If we do try to make out some comparison in between BInance and Paypal then we could really see those big and significant differences which it would really be normal that Paypal couldnt really allow or do make it that
way.Yes, you could buy up some crypto but we do all know that it cant really be transfer directly into other wallets and you do really just do able to make out some traders or conversion internally.
Well, whatever news that do really correlates or connected about recognition or expanding out crypto thing into certain country will always be a good news.
It is really just there are things which we dont really like to deal off with.

PayPal is just too late on it but it doesn't mean that they're not allowed to get into their ventures by adopting crypto on their own platform. The small exchanges are even trying to compete and still got some customers, but they're already established and expanding more.
Well, they should be worried if their competitors like Wise and other the same service that focuses more on fiat starts to get into crypto as well. That's a big competition there not just with the typical crypto exchanges but also with the usual payment processors that we used to know.

[royalfestus]

Paypal has been doing this for years already as they realized the demand for crypto and adopting it might benefit them a lot. Paypal is doing things slowly but surely and focusing in one area with a great demand for crypto is a good strategy. This is a good development from Paypal and hopefully they’ll also introduce this to many countries and make things more possible, this is a good news for every Paypal users.

This is a great time to begin testing some new ideas and ventures in cryptocurrency for existing establishments that have shown interest for a long time, and Paypal is a great name to lead this effort. Moreover, Luxembourg is also a small community to have a financial institution of this type, and I hope they can establish a long-term partnership in this area.

[Yaunfitda]

This is not the first time though that we have heard Paypal embracing crypto.

However, before they are totally against it if I'm not mistaken, years ago to that point that they threaten their users to ban their account if they continuously used crypto in their transactions.

But they made a U-turn and despite the bear market, it seems that they are going to work to EU based paypal users, so it's good them for them.

[btc_angela]

Great news for the crypto community!

It looks like PayPal has unapologetically joined the crypto world! The Industry leader announced it was opening crypto services in the coming days through its Luxemburg branch.
PayPal users in the country will be able to buy and sell cryptos through their EU- Based PayPal accounts.

"The introduction of this service offers Luxembourgish customers a new way to explore cryptocurrency in the PayPal environment they know and trust and provides customers access to educational content to help answer commonly asked questions and better understand the opportunities and risks associated with cryptocurrencies. Once available, eligible customers will be able to buy, sell and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash in their PayPal accounts via the website or the mobile app. PayPal’s cryptocurrency services were first launched in the U.S. in 2020 and expanded to the U.K. in 2021."

Win-win for them and for us crypto enthusiast. Paypal knows that EU is a big market for crypto so why they do? take advantage of it by first offering it to Luxembourg.

We all know how rich this nation is, so most probably they are looking for ways to invest their money and what way it could be for Paypal to give them this options and definitely Paypal will take profits as well on this "Sell-and-Hold-Service" that they are offering. So another expansion for them and who knows, maybe next is Asia or Africa which I think has the biggest users of crypto.

[n0ne]

This is for specific location. Long back itself it have widened it's service with cryptocurrency addition. We haven't got a big list of cryptocurrencies, but initially bitcoin, ethereum, bitcoin cash and Litecoin were availed for buying, selling and transferring through PayPal. Years back co-founder of PayPal Peter Thiel mentioned in an interview, if he have come to know about the existence of blockchain technology before PayPal, he would've used it in the PayPal. So, a good support from PayPal to crypto is not a new thing.