It's good that financial instutions Understood that they need to use crypto

[Shortmaster]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

[dimonstration]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Tron is bullshit blockchain network and too centralized since Justin control the majority of the validators using his VC project that he is connected. Tron is the most shady blockchain network including his huobi and stablecoin.

So far, despite of high price of ETH transaction fee they are still one pf therrusted and safest blockchain to rely on. I think BSC has more chance to be use by financial institution since CZ is very good on working with them as already proven when many multiple huge hack was stopped due to their fast action.

[Jawhead999]

Dude? Tron network isn't faster and cheaper anymore, since the last year you need to pay around $2 as the fee. If you send Tron coin, it's definitely cheap, but if you send a token that run in Tron network, it's expensive.

ETH and Tron fee are nothing different, actually Bitcoin fee is way more cheaper even though it's decentralized and has huge volume.

[Nwada001]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Tron is not the most used blockchain; it might be among the blockchains with the cheapest transaction fee, but still, people find other blockchains more user-friendly than Tron. In terms of choosing which blockchain one needs to make use of, I believe institutions need to look beyond the cheap transaction fee and check on other criteria that can be favorable to them in terms of partnership, security, etc.

The new PayPal stablecoin (PYUSD) is said to be under the Etheruem network, and I believe they have reason for that choice as it might be the best option for their business, as Eth has much more popularity than the Tron blockchain. Tron needs to do more in terms of development, management, and control if they want to see individual and institutional investors use their chain more often.

[Adbitco]

From my experience so far I don't see anything to be wrong with tron network, it depends on the kind of transaction you want to make. Like for example, if you want to transfer some thousands of bitcoin and the fee could be much you may decides to narrow it down by converting all every to trx and withdraw them and send to the receiver, all the receiver could do is to quickly sell and buy back their bitcoin to secure their funds since trx is altcoin and I don't encourage hold altcoin for long since they are too unpredictable.

[rat03gopoh]

The ETH network has more integrity for years without any problems. Even Vitalik, the founder who is known for not doing as much in the shady business as other network founders who aren't going to destroy his own crypto ecosystem.

Re: It's good that financial instutions Understood that they need to use crypto

It is certainly no different from institutions that operate centrally, adopting crypto for them only trying to benefit from the innocence of users.

[superman184]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

I rarely use the network from any altcoin now and also very rarely use paypal, so I just hope that the Bitcoin network itself can be faster and also cheaper when making transactions. I don't know how many enthusiasts and users of the TRON blockchain are at the moment so you say there are people who hope to use the TRON blockchain more, because I think everyone who uses something must be because there is a need for something. If they didn't need the TRON blockchain, they certainly wouldn't use it either.

[avikz]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

I am sure you are referring to their recent move to create a new stablecoin. It's just a survival strategy of PayPal. After the wide acceptance of cryptocurrencies, the requirement for PayPal as a payment processor has gone down drastically. So they are also trying to join the crypto bandwagon to save and reduce cost. So if that is their goal, I don't see a need of using either ETH or Tron blockchain. Rather, they need to move to create their own blockchain to support the volume.

Some members said that Tron is not decentralized and blah blah blah. That's fine! Because Paypal is not decentralized either. They are trying to use a blockchain service to reduce their cross-border money transfer cost. Tron serves that need quite well, for now!

[Faisal2202]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Every platform has there own agenda and benefits to achieve and here I think we all know ETH is not some decentralized thing and why they did not use Tron because indirectly it is related to CZ and the important thing is the company pexos which delist BUSD is the one which issued PYUSD. Well, I think Pexos was just following the orders of the US government but I think they should also not move to Tron because they must have something or surprising thing for Tron too because Tron's CEO was also sued a lot of times for manipulating Tron's price.

Well, these are just my assumption nothing personal just ideas I have so far from my readings and the time that I have spent here. Coming back, We all have read many storied or statements explaining how PYUSD has some backdoor code that could stop someone's money like they have full control over the customer's money.

Then tell me is it not true that ETH also progressing to make its platform as centralized as possible even though they are increasing the validators to themselves only or I should say they are limiting the number of validators too?
This proofs that they would not take huge steps first because centralization is everything for them.

[el kaka22]

I believe that it was inevitable, it's something that is very much used everywhere around the world already and should be considered as important as it gets. I get that people may not feel the same in most cases but that is the situation we are in right now and need to be understood perfectly well.

Oeople are already aware mostly, but companies do not have any type of mechanism where they can continue without caring about crypto or looking at it. Specially ones like paypal where they are directly correlated and they are a payment company, if they keep on ignoring it, then it would have been bad for them and this is why they have taken a look at it and doing something about it in order to get the attention people have towards crypto.

[Wimex]

I believe that it was inevitable, it's something that is very much used everywhere around the world already and should be considered as important as it gets. I get that people may not feel the same in most cases but that is the situation we are in right now and need to be understood perfectly well.

Oeople are already aware mostly, but companies do not have any type of mechanism where they can continue without caring about crypto or looking at it. Specially ones like paypal where they are directly correlated and they are a payment company, if they keep on ignoring it, then it would have been bad for them and this is why they have taken a look at it and doing something about it in order to get the attention people have towards crypto.

It is that cryptocurrencies have become so popular in the world that it was obvious that many institutions began to use them, even though in many countries they cannot be used freely due to the legal restrictions that remain, these same territories have decided to implement their own system using this type of technology for their own benefit trying to create their own digital currencies, but with the difference of being able to control them, sooner or later they will realize that despite the fact that this option is not so bad, people will continue looking for the decentralized in order to have freedom, so banks and other institutions that carry out transactions will end up choosing these cryptocurrencies that can give them a better benefit, specifically they will be redirected to bitcoin as it is the most potential and with solid foundations and of course for having the better significant value  the most demanded.

[BALIK]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Tron is bullshit blockchain network and too centralized since Justin control the majority of the validators using his VC project that he is connected. Tron is the most shady blockchain network including his huobi and stablecoin.

So far, despite of high price of ETH transaction fee they are still one pf therrusted and safest blockchain to rely on. I think BSC has more chance to be use by financial institution since CZ is very good on working with them as already proven when many multiple huge hack was stopped due to their fast action.

LOL, if you have criticized the Tron blockchain as being centralized and largely controlled by Justin, then BSC is not much better. Although CZ is more appreciated than Justin but the BSC blockchain is also controlled almost entirely by CZ, and it is also completely centralized, all rights are decided by CZ. But no matter how centralized or shady Tron is, it is still the most used by users to trade USDT, and I bet you will also use the Tron network every time you trade USDT.

[Sim_card]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

There is a reason for PayPal to accept using Eth instead of Tron. I don't see any problem here using ETH which they feel is more transparent thanTron. I believe that PayPal must be following some directions from the US and that is why it is like this. Tron is also a good coins and both of the them have transaction fees are similar. I don't think that it is the transaction fee that was considered before PayPal chose to use ETH but there are some other factors that was considered.

[mindrust]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

TRON is a good alternative but if they (paypal) think ETH works, then there is no harm in using eth. Maybe they will change their minds in the future when they see that ETH clearly doesn't work. What are the other institutions like paypal that use crypto? Notice that though, I am saying "use crypto", not "hold crypto". Tesla and Microstrategy hold crypto too but they don't use them. They are just holders. Paypal on the other hand, they are using crypto which is way better than holding crypto. Holding is fine but using crypto brings more adoption than holding and more adoption brings better prices.

[Husires]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

A company like Paypal will not bet on losing their money or jeopardizing their investment in a highly centralized blockchain like TRON with relatively high fees and without any independent development compared to a blockchain like Ethereum.
If you omit USDT then TRON is a dead network and will not have any big trading volumes, but Ethereum has value and tokens add extra value to it. They may change their policy in the future and add more blockchains, and then the additional options may be TRON, but it is not the first choice.

I believe that PayPal must be following some directions from the US and that is why it is like this. Tron is also a good coins and both of the them have transaction fees are similar. I don't think that it is the transaction fee that was considered before PayPal chose to use ETH but there are some other factors that was considered.

If they following some directions from the US then will choose some central blockchains

[asriloni]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.

It's bullshit. Why does paypal need to trust a coin that owned by arrogant and irresponsible CEO like justin sun? it was only destroying the reputation of paypal. It's not faster but it has average TPS like another one or second layer blockchains that are available in the market right now. Did you say many users? Who the heck those users are? You? Tron was security.   it's blacklisted in US.  

Eth transactions still too expensive i hope they start use TRON soon

It's quite cheaper as long as you avoid to transfer in the busy hours. So many people were using this trick and it's worked. You can also use L2 as it's even faster than tron too.
How can paypal needs to accept a coin which is not fully transparent? that reminds me with the case between sun vs oikos community.

https://en.cryptonomist.ch/2020/07/03/justin-sun-distances-from-oikos/

A few years have already passed but this story is still in my mind.

[LittleBitFunny]

Dude? Tron network isn't faster and cheaper anymore, since the last year you need to pay around $2 as the fee. If you send Tron coin, it's definitely cheap, but if you send a token that run in Tron network, it's expensive.

ETH and Tron fee are nothing different, actually Bitcoin fee is way more cheaper even though it's decentralized and has huge volume.

Is this right? A few days ago, I did a transaction on Poloniex, and the Tron network transaction fee is still just $1 for USDT and the transaction fee will be less than $1 if you use Trx tokens. ETH still hasn't solved the problem of high gas fees since they switched to POS and they say that some more major updates are needed to solve the gas fee issue. There is a huge difference in ETH and Tron fees, mate.

As for bitcoin fees, it can be said to be high or low depending on the time. But when you want to transact with a large amount of bitcoin, it won't be cheaper than the Tron network.

[DeathAngel]

They’re all slowly coming on board but it’s still a long way until absolute worldwide adoption. Banks are starting to offer crypto services, eventually they all will or risk becoming obsolete. Bitcoin will have a huge part to play in the future of finance so it’s a good idea to buy as much as you can now.

[odunybiz]

Dude? Tron network isn't faster and cheaper anymore, since the last year you need to pay around $2 as the fee. If you send Tron coin, it's definitely cheap, but if you send a token that run in Tron network, it's expensive.

I think OP is talking about Tron token itself and not Tron USDT or token built on Tron network. Transferring Tron token itself in most exchange is cheap as it cost just few cent.

ETH and Tron fee are nothing different, actually Bitcoin fee is way more cheaper even though it's decentralized and has huge volume.

Bitcoin should have been the best for any organization but since OP is trying to talk about cheap transaction here, I think BNB may be a better option.

[dothebeats]

They’re all slowly coming on board but it’s still a long way until absolute worldwide adoption. Banks are starting to offer crypto services, eventually they all will or risk becoming obsolete. Bitcoin will have a huge part to play in the future of finance so it’s a good idea to buy as much as you can now.

It probably will someday, but it will still take some time. As ideal as it is, especially for us who have known and understand Bitcoin and the system, there are a lot of factors that need to be considered and will come into play in terms of absolute worldwide adoption. The most prominent one is of course the legality of it. Some, if not most, governments will either fully be against it or be 50-50 with the idea. It will take years as legal discussions and debates will surround this. It will happen but it will take a long time from now, and hopefully a more understanding legal system for each country.

[dezoel]

I thought Bitcoin was the only cryptocurrency that they support? But lately I heard that they are planning to create their own stable coin. Maybe we should be patient for now but any suggestions might still be welcomed by them. We will then need to wait on their next moves. Who knows? Maybe they will now support more cryptos in the future.

Currently, they only had Ethereum as you said but I think Ethereum had improved a little. Their transaction fees are not that expensive as last time and then the transactions are now moving a little faster. So why won't you give it a try and not only believing to what you heard and experienced before?

[tjtonmoy]

Bitcoin is way more secure if you ask me on this matter. I don't know why should anyone choose TRON blockchain for this. They have been up to some shady business for a long time now. I used to like it too but they have increased the fee a lot in the past year. Maybe the only reason why Paypal is not using Bitcoin is for its volatile nature and fee fluctuation. When the blockchain is crowded, the fee goes very high. But that is temporary. We have seen this many times in the past. So I don't think TRON will be the best choice. I prefer Bitcoin. It's secure and way better than TRON.

[dothebeats]

Bitcoin is way more secure if you ask me on this matter. I don't know why should anyone choose TRON blockchain for this. They have been up to some shady business for a long time now. I used to like it too but they have increased the fee a lot in the past year. Maybe the only reason why Paypal is not using Bitcoin is for its volatile nature and fee fluctuation. When the blockchain is crowded, the fee goes very high. But that is temporary. We have seen this many times in the past. So I don't think TRON will be the best choice. I prefer Bitcoin. It's secure and way better than TRON.

I agree with you. Bitcoin is far better than TRON in many aspects. TRON has been dealing with a lot of issues lately as rumors about them indulging in some shady business are being discussed by many for a long time now. Moreover, it is true that their fee is increasing more and more as the years passed. Hence, I'd stick with Bitcoin right now, TRON is out of the question for this one.

[slapper]

I thought Bitcoin was the only cryptocurrency that they support? But lately I heard that they are planning to create their own stable coin. Maybe we should be patient for now but any suggestions might still be welcomed by them. We will then need to wait on their next moves. Who knows? Maybe they will now support more cryptos in the future.

Currently, they only had Ethereum as you said but I think Ethereum had improved a little. Their transaction fees are not that expensive as last time and then the transactions are now moving a little faster. So why won't you give it a try and not only believing to what you heard and experienced before?

Just because you heard something doesn't make it gospel. Bitcoin is and always will be the king of the hill. Do you honestly believe that a new stable coin can come close to its dominance? That's a pipe dream

Ethereum? Okay, they made some minor improvements. Bravo. But let's not pretend that reducing transaction fees and speeding things up a bit makes them comparable to Bitcoin. And by the way, just because their latest fee adjustment didn't completely implode their system doesn't mean they're ready for the big leagues
Don't just sit there and wait for these companies to "make their next move." Demand the best. And right now, Bitcoin's the best

[tjtonmoy]

~Snip

We can use BSC as an alternative option. It is cheap and fast and has a good reputation. But the recent SEC incident with Binance is making this a hard choice. If it had kept its reputation the way it used to be, then the first choice for me would have been the BSC network. Now I am not sure about it anymore. Because anything could happen at any time. One more that is useful is the polygon chain. This one is also fast and cheap. But not that much secure.

In the end, it's all up to the Paypal team to decide which one they think is the best for them. Given the current market condition and events, we are best off with Bitcoin. This is the advantage you can get from a decentralized asset. But ETH is not that bad. Just the concern about the higher fee. Except for that, it is secure and not bad at all in terms of speed. As we are talking about a centralized platform which is Paypal, I don think decentralized is in the question. Your privacy is already compromised. So using a centralized asset won't make that much of a difference.

[Peanutswar]

For me TRON is one of the worst if they will adopt instead why not use the bitcoin the main purpose of it is to become decentralized so ideal with the use it and be transparent with the block chain, also Another thing even though they want to adopt this it takes a lot of process before get approves and also people doesn't want a volatile salary instead they have fix count of it they suffer with the price manipulations.

[STT]

Number one way to decide this comparison between blockchains is apparently security.  Thats the simplest path to resolve which blockchain is most often favored, the security and durability of that blockchain.  In the end that confidence is most likely to equate to pricing long term but we all know some of the alternative and newer blockchains have done so well but I read this discussed previously what determines success and its very likely correct that security is the answer to why one is favored over another.
   Ive often used the smaller alternatives like ETC was a good one for a fair while, just cheap, fast and easy to use but then Im not a large value transmitter or large volume user; companies will decide differently from users in their usage.

[dansus021]

Tron is fast and cheap but I don't think there is a major app from this chain besides since I know that network is centralized because Justin and their stablecoin USDD is sometimes depeg from the one dollar.

but there is other alternative like other EVM chain like BSC, Polygon, Fantom or Avalanche these network is considered cheap and some developer know it and there is dozen project

[icalical]

Dude? Tron network isn't faster and cheaper anymore, since the last year you need to pay around $2 as the fee. If you send Tron coin, it's definitely cheap, but if you send a token that run in Tron network, it's expensive.

I think OP is talking about Tron token itself and not Tron USDT or token built on Tron network. Transferring Tron token itself in most exchange is cheap as it cost just few cent.

ETH and Tron fee are nothing different, actually Bitcoin fee is way more cheaper even though it's decentralized and has huge volume.

Bitcoin should have been the best for any organization but since OP is trying to talk about cheap transaction here, I think BNB may be a better option.

OP was talking about the blockchain that is used by Paypal for their Stable Coin, not the cryptocurrency they used. Paypal can't use Bitcoin blockchain to deploy their stable Coin.

I don't think Paypal is wrong for using Ethereum, compared to Ethereum, BSC and Tron is relatively new, and less reputable, as a company that already big and has reputation PayPal decision to choose Ethereum is understandable. Tho adding other blockchain support for their stable coin would attract more people indeed.

[19Nov16]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Paypal is certainly aware that crypto users continue to increase and difficult to stop, this can be seen from the very large transaction volume so that makes Paypal have to follow the trends that occur, and of course Paypal chooses the ERC20 network because it is most popular even though it is more expensive than the Tron network.

[bussybuddy]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Understandably, many institutions are gradually interested in crypto, and more and more big names have entered this market. However, the story that OP asked I think you need to re-research between ETH and TRON, not using the advantages of one but comparing the disadvantages of the other, in fact we see which one is more popular it will take precedence, if there is no special relationship then there is no reason to use TRON, moreover I also agree with many people that TRON is really bullshit.

[odunybiz]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Ethereum being used is far better than Tron. Although transaction fee for Tron may be cheaper when compared to Ethereum but Ethereum Blockchain is far more secured than Tron. It will have been more debatable if you compare with Bitcoin.

[SamReomo]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

I don't think that PayPal would ever consider adding a crypto-currency like TRON on its accepted crypto-currencies list. I haven't used crypto-currency on it but as far as I know it accepts a few crypto-currencies at the moment. The PayPal accepts following crypto-currencies: BTC, BCH, LTC, ETH, and PayPal USD which is the stable coin offered by PayPal itself. All of those are well known crypto-currencies and there is no need of adding any other crypto-currencies at this moment, and I must say that all of those crypto-currencies are better than TRON. I would recommend you to go with Lite Coin if you want lower fees because my experience has been good with Lite Coin when it comes to fees, and I hope that it will also be useful for you to save up on fees.

[sana54210]

OP was talking about the blockchain that is used by Paypal for their Stable Coin, not the cryptocurrency they used. Paypal can't use Bitcoin blockchain to deploy their stable Coin.

I don't think Paypal is wrong for using Ethereum, compared to Ethereum, BSC and Tron is relatively new, and less reputable, as a company that already big and has reputation PayPal decision to choose Ethereum is understandable. Tho adding other blockchain support for their stable coin would attract more people indeed.

I would say that BNB is still as strong as ETH right now, because it is at least equally known but that doesn't mean that they have to accept it, they could still not accept it if they do not want to. I think it is important because in a sense we are talking about a situation where it will take a while for a company to add something and make sure that it's safe and secure to use it as well.

I know that it will not be simple and it should take some time but that doesn't mean that it would be possible to make a profit. It is going to be that possible for us to make some profit then we should consider it a better approach. Hopefully it will be possible to add more later on when the time comes and should make a profit.

[Cling18]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

I don't think that PayPal would ever consider adding a crypto-currency like TRON on its accepted crypto-currencies list. I haven't used crypto-currency on it but as far as I know it accepts a few crypto-currencies at the moment. The PayPal accepts following crypto-currencies: BTC, BCH, LTC, ETH, and PayPal USD which is the stable coin offered by PayPal itself. All of those are well known crypto-currencies and there is no need of adding any other crypto-currencies at this moment, and I must say that all of those crypto-currencies are better than TRON. I would recommend you to go with Lite Coin if you want lower fees because my experience has been good with Lite Coin when it comes to fees, and I hope that it will also be useful for you to save up on fees.

It's a good thing that Paypal is now accepting crypto but we can't question those who are avoiding Eth because we all know that it's fee is too high which has been the burden of many users for a long time. However, I don't think TRON would be the top option of many users. It could be top coins like LTC, BNB and BCH and of course, Bitcoin but I don't think they would pick TRON.
People will always pick coins with a better foundation and higher trust rate because we all know that most Paypal users prefer assurance. I just hope that Paypal will not put too much charges when transacting with crypto because that's also one the reasons and issues that their users has been dealing with.

[Pejoh Asu]

I think it's a good idea if financial institutions know and use cryptocurrencies, especially since crypto is getting more and more popular so it won't make people confused, a fast, cheap and easy transaction system is of course a consideration for financial institutions to use cryptocurrencies.

[icalical]

I know that it will not be simple and it should take some time but that doesn't mean that it would be possible to make a profit. It is going to be that possible for us to make some profit then we should consider it a better approach. Hopefully it will be possible to add more later on when the time comes and should make a profit.

I don't know what you mean by 'make profit' here but as far as I know, paypal only release a stable coin, so it backed by USD, the price will never be far of 1 USD, so we can't really speculate or make profit from it. But if you mean just simply using it for transaction then that will do.

[superman184]

Paypal is certainly aware that crypto users continue to increase and difficult to stop, this can be seen from the very large transaction volume so that makes Paypal have to follow the trends that occur, and of course Paypal chooses the ERC20 network because it is most popular even though it is more expensive than the Tron network.

Paypal company chose the ERC20 network not only because the ERC20 network is more popular, because when it comes to the most popular networks, I think the Bitcoin network is far more popular than the ERC20 network. Maybe it's because it's easier for them to use or understand, so Paypal himself chose the ERC20 network over Tron. Such an election is of course based on certain reasons so that there is no problem that needs to be disclosed on this matter.

[Mate2237]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

The country you come from also determine the acceptance of cryptocurrency to be used. The countries that ban or is not using cryptocurrencies in their domain will not also allow their financial institutions to use cryptocurrency. And the countries that ban cryptocurrency did not even allow Online financial institutions to use cryptocurrency, and this I am saying it from my personal experience.

The last time I used PayPal, there was no cryptocurrency listed in the payment method or option and that should be late last year. And I was thinking that it was because of the ban of cryptocurrencies in the country by the Central Bank of Nigeria (CBN). And also all the online Banking apps in the country do not accept cryptocurrency and this make me to affirm the thought.

[vv181]

Sooner or later if the market demands it, they will surely make the token available on any other chain. For now, Ethereum still stands strong and still have lucrative user to use the stablecoin. I believe it is very likely if the market already shows signs of acceptance of PYUSD, the Paypal team will consider supporting more chains for the token.

There is interesting related information about the supported chain:

On what blockchain is PayPal USD issued?

PayPal USD is initially issued on the Ethereum blockchain by Paxos. We have big plans for PYUSD and believe it will help connect the traditional economy and Web3.

As stated above and considering the wording they use, they certainly have a plan to make their token widely available within the cryptocurrency market.

[Fortify]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

You're wrong, plain and simple. It's laughable that you cite Paypal, which have actually just paused and further purchases of crypto currency until an indeterminable date, so are currently looking like they want to back out of the market. Besides that, Paypal were allowing people to trade cash 20 years ago, long before crypto came into existence and they flourished without it all that time. Heck, even Elon Musk got rich from the money that paypal was bringing in from transaction fees and they had everything perfectly manageable on arrays of servers. Financial institutions don't need crypto in the slightest to function, banks have been running even longer than Paypal and successfully moving money around - much faster and at cheaper cost (at least to the institution. Crypto is a threat to their profitability, so they are likely adapting to incorporate or subdue the effects if possible.

[irhact]

I think it's a good idea if financial institutions know and use cryptocurrencies, especially since crypto is getting more and more popular so it won't make people confused, a fast, cheap and easy transaction system is of course a consideration for financial institutions to use cryptocurrencies.

Many financial institution don't understand anything about cryptocurrency but they understand that they'll soon be losing alot of customers if they don't accept the newest technology which is cryptocurrency. They're just accepting it because it's the trending technology. Many institution still don't understand the real benefits of cryptocurrency and the reason behind the creation of Bitcoin which is why they don't mind launching a centralized service and promote it like they're accepting the the industry ideas.

Although they're helping to spread the news about bitcoin but they're still spreading misinformation as new users joining the industry through their service will think the industry is what they're offering based on the service that they're offering like centralized services.

[savetheFORUM]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

They are doing all this for their own benefit and not for their users, I've also heard that they will have control over the tokens of every holder and they can freeze them whenever they want, so I don't really trust these institutions no matter what they do because at the end of the day, they are centralized and they will always do what will benefit them in the long run whether it's adopting cryptocurrencies or saying that they are offering them for our benefits.

Whether it's banks or other financial institutions, they are ultimately in the hands of the authorities, and even if they aren't in charge of them, they can still always ask for any information or detail that they want from these institutions which doesn't make us or our financial activities private at all.

[Emmanuelex]

Tron is good, but ETH is more safe and reliable than majority of other blockchains. You can't get everything all at once, ETH is reliable, but the transaction fee is high and that's just it; they all have their own advantages and disadvantages, but I will always choose my safety first before talking about the cost of transactions.

[flyingcarpet]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Sometimes security is more important than the money you pay for the transfer. Financial institutions are slowly starting to use crypto. The centralization of the networks used and the fact that their CEOs come up with different issues from time to time can determine these preferences. At the same time, relations with institutions and future studies may be important in terms of determining preferences.

If you ask me, the most important decision that institutions should make when using crypto should be to choose the highest security.

[superman184]

Tron is good, but ETH is more safe and reliable than majority of other blockchains. You can't get everything all at once, ETH is reliable, but the transaction fee is high and that's just it; they all have their own advantages and disadvantages, but I will always choose my safety first before talking about the cost of transactions.

It would be much better for everyone to consider because security and safety in transactions and in maintaining each asset is very important and also very important besides other supporting things as you mentioned in the cost example. I also agree more with this because without considering safety or security, certain network users will also not feel comfortable with it so they will feel anxious when making transactions, especially if the time needed to complete a transaction can be quite long.

However, for now the Tron network itself has also started to get better because in addition to transaction fees which are still relatively low, transaction confirmations are also faster, even though in terms of the number of users, currently the ETH network is still relatively larger than the Tron network. And maybe it's because of this number of users that Paypal prefers the ETH network over the Tron network besides Paypal's own assumption that the ETH network is more trusted than Tron.

[adzino]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

It is actually good that they are using a more well known network other than TRON to issue their stable coin. ETH network has been proven to be reliable for years. Yeah, it is expensive, but not as much expensive right now like you are making it sound. People would rather want to use a truly decentralized chain, instead of using a semi centralized chain like TRON (even though they claim they are fully centralized, if you dig deeper you will know that it isn't). Yeah, its true that more financial institution is using crypto, but its useless because it centralized. We already have fiat for that. Why would be need another central currency?

[Huppercase]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

It's not about the fast transaction speed and effective cost, they considered 100% security over anything other elements of the chain. Tron is very fast in transaction and less expensive in terms of transaction fee but the security guard in Ethereum beat any altcoins that we have. Even Tether had more stable coins on Ethereum chain than other chains despite having lower fees. What they did was to only deployed only a fraction of USDT into other chains just to carry them along and also make usdt popular in other place in other to reduce domination of other stablecoins.

I think for now, PayPal will remain on Ethereum chain but with more demands from their customers, they will support other chains like the Arbitrum, Solana, Binance smart chain and other fast layer 1 and 2 blockhains that we have available.

[slapper]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

It's not about the fast transaction speed and effective cost, they considered 100% security over anything other elements of the chain. Tron is very fast in transaction and less expensive in terms of transaction fee but the security guard in Ethereum beat any altcoins that we have. Even Tether had more stable coins on Ethereum chain than other chains despite having lower fees. What they did was to only deployed only a fraction of USDT into other chains just to carry them along and also make usdt popular in other place in other to reduce domination of other stablecoins.

I think for now, PayPal will remain on Ethereum chain but with more demands from their customers, they will support other chains like the Arbitrum, Solana, Binance smart chain and other fast layer 1 and 2 blockhains that we have available.

Speed and cost are very attractive qualities. I understand. In the end, however, nothing - absolutely nothing - is more important than security. Ethereum is remarkable. Possibly the finest. However, you are correct; Tron has speed. And rapidity is advantageous, but what is speed without security?

What is Tether's approach to Ethereum? Absolutely brilliant. Smart businesspeople recognise opportunities and capitalise on them. Regarding the prospective shift of PayPal, I've heard big things about Arbitrum, Solana, and Binance. Excellent chains, among the finest. They've got everything. However, while it is true that demand drives enterprises, not everything that glitters is gold. Recall that

[gunhell16]

Dude? Tron network isn't faster and cheaper anymore, since the last year you need to pay around $2 as the fee. If you send Tron coin, it's definitely cheap, but if you send a token that run in Tron network, it's expensive.

ETH and Tron fee are nothing different, actually Bitcoin fee is way more cheaper even though it's decentralized and has huge volume.

Maybe that depends on the platform or exchange used, dude. Because of my experience using the Trc20 network, it's fine. For example, when I use Binance using usdt-trc20, the fee is only around 1 dollar, but other exchanges like Bybit are around 1.6 dollars, and last month it was 2 dollars and it lessen 0.4 dollars so it became 1.6$.

Now, when it comes to Bitcoin, it's also cheap in my experience, but sending tokens using the Tron network—I haven't tried that yet, you're already saying that. What's okay with me is when I do the conversion of crypto to fiat, so I said that it's okay so far for me.

[doomloop]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

You're wrong, plain and simple. It's laughable that you cite Paypal, which have actually just paused and further purchases of crypto currency until an indeterminable date, so are currently looking like they want to back out of the market. Besides that, Paypal were allowing people to trade cash 20 years ago, long before crypto came into existence and they flourished without it all that time. Heck, even Elon Musk got rich from the money that paypal was bringing in from transaction fees and they had everything perfectly manageable on arrays of servers. Financial institutions don't need crypto in the slightest to function, banks have been running even longer than Paypal and successfully moving money around - much faster and at cheaper cost (at least to the institution. Crypto is a threat to their profitability, so they are likely adapting to incorporate or subdue the effects if possible.

Nothing else really matters, how much they've earned through transaction fees, how long they've been around, or how many people have been using them for so many years. The actual point is that they find cryptocurrencies to be a threat to them since they know they are going to be replaced by them, and that is the reason why they are doing their best to make people think that they are supporting cryptocurrencies so that people don't leave them and just use cryptocurrencies.

Whether it's Paypal, banks, or any other financial institution, they all can see the constant growth of cryptocurrencies, especially Bitcoin, and they can't just sit back and see their own downfall and all these things are actually a reaction to that since they fear losing control over the finances of people.

[Unbunplease]

Nothing else really matters, how much they've earned through transaction fees, how long they've been around, or how many people have been using them for so many years. The actual point is that they find cryptocurrencies to be a threat to them since they know they are going to be replaced by them, and that is the reason why they are doing their best to make people think that they are supporting cryptocurrencies so that people don't leave them and just use cryptocurrencies.

Whether it's Paypal, banks, or any other financial institution, they all can see the constant growth of cryptocurrencies, especially Bitcoin, and they can't just sit back and see their own downfall and all these things are actually a reaction to that since they fear losing control over the finances of people.

Since we are cryptocurrency enthusiasts, it is natural for us to think that cryptocurrencies will supplant everything else. But is there any difference between using e-money and cryptocurrencies for the average person? My guess is that there isn't. The main thing is the speed of the transaction and the size of the commission, and here bitcoin does not always appear in a favorable light

[Fatunad]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Of course these institutions would really be finding or trying out to accept on things which they do seem that it does have a bigger community on which it would really be that relevant or would really
be just that wise for them to do so. Arent you aware that they are making their own Stable coin?


1 USD : 1 PYUSD on PayPal
PayPal USD (PYUSD)1 is a stablecoin backed by secure and highly liquid assets. Buy, sell, hold, and transfer it in our app or on our site.
Source

So they arent really totally focused on those decentralized things but rather they are really just trying to mix with this crypto space
just to make out some introduction and make awareness of their new stable coin. lol
They wont really be caring that much about using up crypto, and since we are on a trend where crypto space is really making up some noises then expect that these big institutions or companies
will really be having that kind of plan or option to take advantage on getting that kind of attention.

[panganib999]

TRON's cool and all but there's a lot of caveats that come with it. It's centralized for one, so Justin or someone who can gain access to his personal affects could easily just shut the whole network down if they so please and we would be helpless to stop it. If you're okay with a payment system like that then good for you, but the rest of the cryptocurrency world would not want that as a payment system. People would much rather choose to pay and use a cryptocurrency that's expensive and slow rather than an unreliable one. Some even see the delay as a good sign since it means trade volume is going great. So perhaps your dream of a world where TRON is king is a little too farfetched from reality.

[lalabotax]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Actually, there are several alternative networks that can be used besides ETH to reduce transaction costs. And they are a network that remains fast and trusted even though the costs are low. Not only Tron, but there is also Binance Smart Chain (BSC), Polygon, Sol and several others. And now it is very popular on several platforms. However, if it is related to educational institutions, we cannot be sure. Because after all, it will also be related to the law and regulations of crypto itself in that country. So, even though they may be open minded towards crypto, they may not necessarily be able to accept crypto as a means of payment because it is limited by the regulations that apply in that country.

[Furious 7]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

You seem to forget that currently the tron network is also experiencing an increase in fees even though it cannot be compared to ETH but the evidence that the fee increase exists for tron is also one of the proofs that they cannot be an option either.
ETH may be more expensive but they have better conditions and this is a good guarantee and this is probably one of the factors that they are an option but if you really want something more then wouldn't it be great if it went back to the king (bitcoin) even though there are still many who do not like it but with a much larger volume and cheaper network fees I think it is more worth it.

[usekevin]

The Paypal uses the crypto currency over a period of time,you can direct convert of your fiat to USD or now the conversion will be acceptable one in crypto currency.So one can easy covert of your PayPal dollars to any other crypto currency and you no need to worry about the exchange to buy the cryptocurrency.So Paypal accept the tron for the faster transaction,some people still use of ETH in the Paypal.But the better option to use the crypto in the PayPal is Tron using USDT in your wallet balance.

[serjent05]

The Paypal uses the crypto currency over a period of time,you can direct convert of your fiat to USD or now the conversion will be acceptable one in crypto currency.So one can easy covert of your PayPal dollars to any other crypto currency and you no need to worry about the exchange to buy the cryptocurrency.So Paypal accept the tron for the faster transaction,some people still use of ETH in the Paypal.But the better option to use the crypto in the PayPal is Tron using USDT in your wallet balance.

I'd rather avoid the use of Paypal stablecoin.  Since there are already stablecoins in the market.  I do not know but I am a bit skeptical about using the Paypal stablecoin probably because of the previous bad news about PayPal freezing its customer funds.  Aside from that using USDT, BUSD or USDC  is convenient for me since I do not have to worry about since I have been using them for years now.

The Paypal uses the crypto currency over a period of time,you can direct convert of your fiat to USD or now the conversion will be acceptable one in crypto currency.So one can easy covert of your PayPal dollars to any other crypto currency and you no need to worry about the exchange to buy the cryptocurrency.So Paypal accept the tron for the faster transaction,some people still use of ETH in the Paypal.But the better option to use the crypto in the PayPal is Tron using USDT in your wallet balance.

The same goes with other stablecoins and these stable coins have proven themselves since they had been in the Crypto Industry for years now.

[taufik123]

I'd rather avoid the use of Paypal stablecoin.  Since there are already stablecoins in the market.  I do not know but I am a bit skeptical about using the Paypal stablecoin probably because of the previous bad news about PayPal freezing its customer funds.  Aside from that using USDT, BUSD or USDC  is convenient for me since I do not have to worry about since I have been using them for years now.
-snip-

Quite a basic concern, I am also skeptical about using Paypal even though Paypal now has PYUSD which is PayPal's stablecoin. it is better to replace existing stablecoins without the possibility of being frozen.

Paypal's stablecoin also uses the Ethereum network, but Ethereum transaction fees will also be more expensive when the gas fee goes up and there are many networks that have cheaper gas fees.
So it's not good enough for my use because of the transaction fees.

[yudi09]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Bitcoin lightning network bitcoin transaction fees are cheaper and faster than ethereum and tron transaction fees. Don't really know why they prefer to use the Tron network other than because Tron and cryptocurrencies other than Bitcoin can be controlled.
Not choosing to use bitcoin in transactions is just a matter of selfishness because you are already supporting bitcoin-hating groups.

[Orpichukwu]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Eth, tron, or even bsc, whichever one they choose, is in their own selfish interest and not for the growth of the crypto space; what they are after is what can serve their business better and nothing more than that.
 
And beside, it’s no longer news that PayPal was already crypto-friendly since their customers were able to buy crypto using the account and withdraw it to their private wallet.

If PayPal was indeed targeting increased usage of crypto, they could have made an open source offer and allowed the community to share their ideas based on what they felt, or better yet, they could have made bitcoin their overarching crypto choice rather than making a move for their own stable coin.

What’s the point of all platforms and crypto exchanges having their own stable coin? Is there any special purpose that one will serve that the other cannot?

[348Judah]

Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

Each financial institutions has their own budget, plans and how they want to run their financial economy successfully, we don't have to persuade any into choosing any means they have adopted to use as their own medium of payment until their eyes open to see some things unclear to their visions to know the difference between what they are using now and that which they are missing out, maybe in some cases, we should not always think about our own self alone, but other things tide to making decisions by these institutions.

[Unbunplease]

Each financial institutions has their own budget, plans and how they want to run their financial economy successfully, we don't have to persuade any into choosing any means they have adopted to use as their own medium of payment until their eyes open to see some things unclear to their visions to know the difference between what they are using now and that which they are missing out, maybe in some cases, we should not always think about our own self alone, but other things tide to making decisions by these institutions.

Much depends on economic sense. Cryptocurrencies offer mostly low transaction fees and minimal barriers to cross-border payments. This is a huge advantage, so anyone who can count money will take advantage of it. Large institutions know how to count money

[Bananington]

Many financial institutions are indeed aware of the need to use crypto, because after all, it is individuals who run these institutions. The question is which kind of Crypto would be of uttermost benefit both in terms of stabiliy, demand, future potential? The answer of if it is allowed in the region is also important because where a financial institution violates the countries code of financial practices, such an institution would face lawsuit and charges against it.
Also the need to dedicate some funds to maintain and upgrade security around the crypto investment will be of concern mostly with the recent cases of hackers tempering with assets on exchanges and anywhere they find crumbs of careless crypto left unattended to.

[bluebit25]

The question is which kind of Crypto would be of uttermost benefit both in terms of stabiliy, demand, future potential? The answer of if it is allowed in the region is also important because where a financial institution violates the countries code of financial practices, such an institution would face lawsuit and charges against it.

Actually, the market has developed a lot, the positivity and benefits it brings are probably the reasons for individuals or organizations to seek it out more. But the obvious story is that it is not so popular that everyone knows and accepts it, the issue of legal corridors in areas that are not yet uniform, is a barrier but also a point to hope for the future cohesion of the regions through crypto.

Also the need to dedicate some funds to maintain and upgrade security around the crypto investment will be of concern mostly with the recent cases of hackers tempering with assets on exchanges and anywhere they find crumbs of careless crypto left unattended to.

Yep, I agree because it is an important issue not only for the cryptocurrency sector, where we need to have a sufficiently secure. I think the main factor is still our initial awareness of it, and it is necessary to disseminate knowledge to newcomers, as well as surrounding developers also need to have assurance about our services. But there are really many attacks in the crypto field and the level of damage is huge. After each such bad event, learning lessons and correcting mistakes is what we will pay attention to.

[lixer]

I'd rather avoid the use of Paypal stablecoin.  Since there are already stablecoins in the market.  I do not know but I am a bit skeptical about using the Paypal stablecoin probably because of the previous bad news about PayPal freezing its customer funds.  Aside from that using USDT, BUSD or USDC  is convenient for me since I do not have to worry about since I have been using them for years now.
-snip-

Quite a basic concern, I am also skeptical about using Paypal even though Paypal now has PYUSD which is PayPal's stablecoin. it is better to replace existing stablecoins without the possibility of being frozen.

Paypal's stablecoin also uses the Ethereum network, but Ethereum transaction fees will also be more expensive when the gas fee goes up and there are many networks that have cheaper gas fees.
So it's not good enough for my use because of the transaction fees.

People who have been using other stablecoins for a long time wouldn't really like using their stablecoin even more after knowing that they have the ability to freeze any user's balance at any given time if they want to which makes it extremely centralized and no one would really want that. I would rather use a centralized exchange and an already trusted stablecoin for buying or selling cryptocurrencies than use Paypal and its centralized stablecoin.

I find their stablecoin being just like a CBDC which is completely centralized, they track your transactions, they know your wallet balance and how much money you hold in their stablecoin, they can even freeze or confiscate your funds, and I've never been a fan of this much centralization and cryptocurrency is not for this.

[dothebeats]

Many financial institutions are indeed aware of the need to use crypto, because after all, it is individuals who run these institutions. The question is which kind of Crypto would be of uttermost benefit both in terms of stabiliy, demand, future potential? The answer of if it is allowed in the region is also important because where a financial institution violates the countries code of financial practices, such an institution would face lawsuit and charges against it.
Also the need to dedicate some funds to maintain and upgrade security around the crypto investment will be of concern mostly with the recent cases of hackers tempering with assets on exchanges and anywhere they find crumbs of careless crypto left unattended to.

I agree with you regarding on the actual question that should be raised. As we all know some institutions prefer one over the other due to various reasons, including how beneficial it will be for them and if it is legally allowed and accepted in their region. After all, no institution would wish to adapt a system that will put them against the law, risking legal charges.

[TheSpiral]

I agree with you regarding on the actual question that should be raised. As we all know some institutions prefer one over the other due to various reasons, including how beneficial it will be for them and if it is legally allowed and accepted in their region. After all, no institution would wish to adapt a system that will put them against the law, risking legal charges. 

The use of bitcoin is not allowed by some institutions because of illegal activities and the leaders of countries also not allow it as the citizens will directly involved in those activities through bitcoin  which are not consider as good for country.

Institutions work according to the rules of country so they will never violate the laws which are set by government and if bitcoin is not accepted legally then no one can use it until a government allow you to do so. If it become legally accepted in all countries then there is a hope that all institutions will only accept bitcoin because of its successful rate.

[woez]

For ETH, there is only one complaint, namely gas fees and this has always been very familiar/known for requiring quite high fees and tron is very inversely proportional. That's if possible. I think both ETH and TRX each have their own advantages. It's up to the financial institutions themselves to choose and determine which one is the most profitable to enter. if it's only the 2 items you mentioned above

[Biznesmen]

Of course, it's important that financial institutions and all organizations understand that they need to use crypto. At least they need to be open about this and give it a try. Because then only the world will open up to crypto, and the world leaders will be pressured to take a step on this matter; otherwise, it will take some more time to reach that. When that happens, we can use this market without any hesitation and do not worry about any volatility in the market. The opportunity that this platform gives is unbelievable when it is approved and gets a green signal.