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

[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.

[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?