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

[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.