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

[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.