Crypto Adoption is Growing

[ImThour]

1. PayPal launched their own Stablecoin called $PYUSD on Solana Blockchain.
2. Mastercard launched 'Crypto Credential,' allowing users to send and receive crypto using a username instead of a wallet address.

Such a big name in the finance industry introduced Crypto related services today.
Other companies will surely follow them which will lead to the next Bitcoin Bull Run.

Let me know what you guys think!

[Ojima-ojo]

This is a good development since for sometimes there have been need for more scability in the cryptocurrency space and such development and adoption of cryptocurrency into their payments system will further enhance the movement of money across boarder and with low fees since it be internal transfer within their network, Master card is new to cryptocurrency adoption but PayPal hard one time adopted cryptocurrency before halting the service sometimes ago if I am not assuming.


But in all of this, a few questions will rang in the mind of many cryptocurrency users who may want to adopt those platform for crypto transactions, such question as.

1: what type of cryptocurrency is adopted, is it only the native token of those platform or one can trade their funds into other cryptocurrencies such as Bitcoin, Ethereum or USDT etc.


2: what are the fees associated with making transactions on those chain, although Solana have a relatively low fees, but as for master card who's service is to send crypto via username, just like what we have with other centralized exchanges that offers such service to the users to make internal transfer via username or tag whatsoever.


this is a good development and a plus to cryptocurrency adoption by institutions and companies, because payment system serve as a Chanel to cryptocurrency usage.

[tabas]

PayPal has taken longer time before they did this adoption but the important thing now, is that they have fully adopted crypto. IIRC, it all started in 2020-2021 when they have started to support few cryptos that includes Bitcoin. And now, as a payment processor, they've made their stable coin. And as for mastercard, although that feature isn't new to us. But for most of the new folks in the cryptosphere, they think that it's amazing to send crypto by using usernames only and without having the need of crypto addresses. Since it is Mastercard so, it's amazing.

[Amphenomenon]

It's amazing seeing these big names showing support to cryptocurrencies and bitcoin, since after bitcoin ETF we have seen big names like Google and others including now PayPal Mastercard showing support to it.

With all these many who were once skeptical about cryptocurrencies willl see reasons to welcome themselves into the crypto space but my advice above everything is that even as we use their crypto services we should also be cautious of privacy especially those having huge holdings because when there's any data breach they will be targeted more by hackers, its better to create a separate wallet for basic spendings or using these services.

I don't know if you have seen this news
Healthcare Company Semler Scientific Buys $40 Million Bitcoin, Adopts As Treasury Reserve Asset
https://www.nasdaq.com/articles/healthcare-company-semler-scientific-buys-$40-million-bitcoin-adopts-as-treasury-reserve
This shows every sector of the society is moving towards crypto adoption which is a proof that the bull run is just getting started

[Zaguru12]

PayPal has taken longer time before they did this adoption but the important thing now, is that they have fully adopted crypto. IIRC, it all started in 2020-2021 when they have started to support few cryptos that includes Bitcoin. And now, as a payment processor, they've made their stable coin. And as for mastercard, although that feature isn't new to us. But for most of the new folks in the cryptosphere, they think that it's amazing to send crypto by using usernames only and without having the need of crypto addresses. Since it is Mastercard so, it's amazing.

Yes they have been in the news long enough that I even thought they later abandoned the whole idea, seeing the $PYUSD lunched on solana blockchain actually means that they might have been having difficulty make a choose of which blockchain to actually use. Last I read was the suggestion of Ethereum which if they had done will definitely not increase the adoption rate of customers using it. Currently Solana is one the most sorted after blockchains due to its transaction speed and low fees. So in the end it is better for now but maybe in the future they can spread it to other blockchains for diversification sake.

OP this is actually one of those FOMO news that leads to a heavy bull run, with the continuous spread of adoption this fast I see bitcoin even hitting a six figure before the end of the year

[aoluain]

Definitely Crypto adoption is growing, big financial business have definitely got eyes
on crypto.

I remember a number of years ago on the forum there was a lot of talk, expectation and
speculation about paypal and mastercard adopting crypto but Bitcoin more importantly,
and now here we are its becoming more of a reality.

I would also like to add that Revolut has advertised recently that they have reduced
the fees for crypto trading. Also they allow users to buy crypto and then withdraw to a
different address.

Even if we consider what the impact of all the recent ETF's which got approved, these alone
will increase adoption

[Saint-loup]

It seems to be a nice and useful feature. It reminds me Paystring, IMO it's the same concept actually, except this protocol is designed and managed by Mastercard. Paystring has never been adopted unfortunately, and crypto.com is certainly the only big platform offering it nowadays. I hope for Mastercard they will have a better success than that. People avoid to use the same address for their transactions when they use Bitcoin and some other cryptocurrencies, in order to protect the privacy of their payments but if they use this kind of alias service, they won't stay anonymous for long. Espcially if blockchain explorers link their addresses to their aliases.   

https://blog.coinfield.com/2020/06/18/the-launch-of-payid-amp-the-open-payments-coalition/

[tabas]

PayPal has taken longer time before they did this adoption but the important thing now, is that they have fully adopted crypto. IIRC, it all started in 2020-2021 when they have started to support few cryptos that includes Bitcoin. And now, as a payment processor, they've made their stable coin. And as for mastercard, although that feature isn't new to us. But for most of the new folks in the cryptosphere, they think that it's amazing to send crypto by using usernames only and without having the need of crypto addresses. Since it is Mastercard so, it's amazing.

Yes they have been in the news long enough that I even thought they later abandoned the whole idea, seeing the $PYUSD lunched on solana blockchain actually means that they might have been having difficulty make a choose of which blockchain to actually use. Last I read was the suggestion of Ethereum which if they had done will definitely not increase the adoption rate of customers using it. Currently Solana is one the most sorted after blockchains due to its transaction speed and low fees. So in the end it is better for now but maybe in the future they can spread it to other blockchains for diversification sake.

I agree, maybe it's possible that they'd also support that with other networks for everyone's convenience. I think that it is going there just as other stablecoins are also supported from different chains that we get to use especially with the other competitors like USDT which is the common now. As of now, they're probably only focusing on it and development is there.

OP this is actually one of those FOMO news that leads to a heavy bull run, with the continuous spread of adoption this fast I see bitcoin even hitting a six figure before the end of the year

I hope so, but IMHO, the Bitcoin ETF spot news and adoption is still bigger than this. Anyway, all of these news will be merged into one effect and with what you have said, that's what we all want.

[Kavelj22]

Cnbc news channel has announced the lunch of those features in Last Aout 2023: https://www.youtube.com/watch?v=y_3ZbTqX9Gc

This sentence literally cannot be true: "PayPal launches its own currency."
Because it is a stable coin mainly linked to the dollar. The currency is called PyUsd, and PayPal has commissioned Paxos to launch this currency, and this is certainly to ensure the greatest degree of transparency and compatibility with American laws. It is not yet clear whether all PayPal users will enjoy the service or whether it will be limited to citizens in the United States. Also, there are no clear details yet as to whether this currency can be used outside the PayPal system, that is, for it to be circulated.

[AVE5]

PayPal has taken longer time before they did this adoption but the important thing now, is that they have fully adopted crypto. IIRC, it all started in 2020-2021 when they have started to support few cryptos that includes Bitcoin. And now, as a payment processor, they've made their stable coin. And as for mastercard, although that feature isn't new to us. But for most of the new folks in the cryptosphere, they think that it's amazing to send crypto by using usernames only and without having the need of crypto addresses. Since it is Mastercard so, it's amazing.

Better late than never Lol. Perhaps adopting and creating crypto coin doesn't seem just a day job, thorough researches need to be made and licences needs to be approved, engineers and developers has to be on board. An overall, the technicalities involved in creating reputable coins could take a while hence it's not one of those temporary Memecoin that's potential to go exile in couple of times.

[Catenaccio]

1. PayPal launched their own Stablecoin called $PYUSD on Solana Blockchain.

Solana blockchain is very hot recent months by recoveries of Solana and lucrative airdrops on the blockchain. After Bitcoin Spot ETF and ETH Spot ETF approvals, there are speculations that there will be other altcoins to have chances for Spot ETFs. The interesting rumor is a next one will not be XRP Spot ETF but Solana Spot ETF.

Do anyone know why PayPal chose Solana for their Stablecoin, not other blockchains?

It's amazing seeing these big names showing support to cryptocurrencies and bitcoin, since after bitcoin ETF we have seen big names like Google and others including now PayPal Mastercard showing support to it.

They changed and turn to support cryptocurrency because they know that they can not be outsiders. By joining, they will have mutual interactions with cryptocurrency market and crypto enthusiasts, users so that they will get benefit too. People who have fiat currency and cryptocurrency can use their services directly and it will help these companies to get more income and richer.

[tabas]

PayPal has taken longer time before they did this adoption but the important thing now, is that they have fully adopted crypto. IIRC, it all started in 2020-2021 when they have started to support few cryptos that includes Bitcoin. And now, as a payment processor, they've made their stable coin. And as for mastercard, although that feature isn't new to us. But for most of the new folks in the cryptosphere, they think that it's amazing to send crypto by using usernames only and without having the need of crypto addresses. Since it is Mastercard so, it's amazing.

Better late than never Lol. Perhaps adopting and creating crypto coin doesn't seem just a day job, thorough researches need to be made and licences needs to be approved, engineers and developers has to be on board. An overall, the technicalities involved in creating reputable coins could take a while hence it's not one of those temporary Memecoin that's potential to go exile in couple of times.

I remember many have said before when PayPal hasn't adopted yet. Everyone used to say "if you can't beat them, join them". And this what exactly has happened for PayPal and Mastercard. There's a lot of comparisons in the past about Bitcoin and PayPal as they're both payment processors but obviously, Bitcoin is better because of its various features although PayPal is more tenured. This time, it has adopted Bitcoin and other cryptos because they can't be left behind with what's the innovation that's happening in the fintech.

[dkbit98]

I don't think that Paypal and Mastercard have good intentions with  introduction of new stablecoins and crypto credentials.
Bitcoin should be used mainly for decentralization and with this mastercard and paypal we are spinning in circles with more centralization.
Always remember that all this companies are going to fully track and report all your transactions and spending amounts.

[Su-asa]

PayPal has taken longer time before they did this adoption but the important thing now, is that they have fully adopted crypto. IIRC, it all started in 2020-2021 when they have started to support few cryptos that includes Bitcoin. And now, as a payment processor, they've made their stable coin. And as for mastercard, although that feature isn't new to us. But for most of the new folks in the cryptosphere, they think that it's amazing to send crypto by using usernames only and without having the need of crypto addresses. Since it is Mastercard so, it's amazing.

Better late than never Lol. Perhaps adopting and creating crypto coin doesn't seem just a day job, thorough researches need to be made and licences needs to be approved, engineers and developers has to be on board. An overall, the technicalities involved in creating reputable coins could take a while hence it's not one of those temporary Memecoin that's potential to go exile in couple of times.

I remember many have said before when PayPal hasn't adopted yet. Everyone used to say "if you can't beat them, join them". And this what exactly has happened for PayPal and Mastercard. There's a lot of comparisons in the past about Bitcoin and PayPal as they're both payment processors but obviously, Bitcoin is better because of its various features although PayPal is more tenured. This time, it has adopted Bitcoin and other cryptos because they can't be left behind with what's the innovation that's happening in the fintech.

PayPal is a big company and they have seen the way people are transacting with Bitcoin all this while so they don't have any choice than to add the Bitcoin features in their site. PayPal made the right choice to add Bitcoin to their site, the earliest they new about the importance of Bitcoin also the better for them. Bitcoin is not a babysitter stuffs and PayPal known that, that's is the main reason why they decided to add it in their company. However from their performance, let's hope other fintech companies will accept bitcoin on their system sooner.

[SamReomo]

1. PayPal launched their own Stablecoin called $PYUSD on Solana Blockchain.

That's a great step taken by a giant like PayPal and the strange thing is that they considered Solana Blockchain for their Stable Coin instead of Ethereum. However, if that blockchain works for them and serves the purpose then nothing is wrong in that.

I believe that after the launch of their stable coin, the ones who heard about PayPal or who use it will surely think about PYUSD and that will bring many new users to the crypto market. I believe it's going to play a very important role in enhancing Solana value and it may play a good role in this bull run as well.

[tabas]

I remember many have said before when PayPal hasn't adopted yet. Everyone used to say "if you can't beat them, join them". And this what exactly has happened for PayPal and Mastercard. There's a lot of comparisons in the past about Bitcoin and PayPal as they're both payment processors but obviously, Bitcoin is better because of its various features although PayPal is more tenured. This time, it has adopted Bitcoin and other cryptos because they can't be left behind with what's the innovation that's happening in the fintech.

PayPal is a big company and they have seen the way people are transacting with Bitcoin all this while so they don't have any choice than to add the Bitcoin features in their site. PayPal made the right choice to add Bitcoin to their site, the earliest they new about the importance of Bitcoin also the better for them. Bitcoin is not a babysitter stuffs and PayPal known that, that's is the main reason why they decided to add it in their company.

They just can't be left behind and they have to adopt because that is the necessary thing to do. Although it should have been long overdue but then, it's not yet too late for them to have it done. I haven't used it though but I have used PayPal for so many times and did transactions from my PayPal funds just to buy Bitcoin which was quite hard to do before, I forgot that exchange that I have used for doing so.

However from their performance, let's hope other fintech companies will accept bitcoin on their system sooner.

Hoping for the best for more adoption of Bitcoin.

[adultcrypto]

1. PayPal launched their own Stablecoin called $PYUSD on Solana Blockchain.
2. Mastercard launched 'Crypto Credential,' allowing users to send and receive crypto using a username instead of a wallet address.

Such a big name in the finance industry introduced Crypto related services today.
Other companies will surely follow them which will lead to the next Bitcoin Bull Run.

Let me know what you guys think!

This is the kind of news that gets me excited. Truly cryptocurrency have experienced massive boost this year and with the ETF approval, many great things will keep happening in cryptocurrency.  Mastercard allowing cryptocurrency is a huge one for me, just imagine how many of their customers will learn about Bitcoin through this development. Some will see how easy and convenient it will be loading their cards through Bitcoin.

I have always believed that cryptocurrency will make more impact the moment we begin to see it being integrated into businesses and various payment systems.

[Cryptomultiplier]

It's indeed very fascinating about the way Bitcoin and cryptocurrencies is becoming a household name. Even companies delve into the Blockchain network just to earn from the growing choice of currency for many across the world.
Surely the success of Bitcoin has made many others believe that cryptocurrency is indeed the money of the future and with the privacy crypto investment offers, along with the speed and ease and cheapness of fees, it remains a one top choice that may in a long time be king over all other currencies.

[Franctoshi]

1. PayPal launched their own Stablecoin called $PYUSD on Solana Blockchain.
2. Mastercard launched 'Crypto Credential,' allowing users to send and receive crypto using a username instead of a wallet address.

Such a big name in the finance industry introduced Crypto related services today.
Other companies will surely follow them which will lead to the next Bitcoin Bull Run.

Let me know what you guys think!

If you don't follow the trend then you'll be left behind, I think Mastercard as a financial institution have got to know this and they are keying in when it's not too late, And have to start offering their customers services in crypto because it has become clear that cryptocurrencies is the future of money and as we see can see that we are having increasing interest on crypto as each day pass by.

[Belarge]

PayPal has taken longer time before they did this adoption but the important thing now, is that they have fully adopted crypto. IIRC, it all started in 2020-2021 when they have started to support few cryptos that includes Bitcoin. And now, as a payment processor, they've made their stable coin. And as for mastercard, although that feature isn't new to us. But for most of the new folks in the cryptosphere, they think that it's amazing to send crypto by using usernames only and without having the need of crypto addresses. Since it is Mastercard so, it's amazing.

Growth is important and it do comes for influential. Never stop believing because miracle do happen during the harvesting period and there's more investors ready to trigger entries on a particular project. Crypto adoption is risky but I do assured everyone that the ratio of losses is staked high but it doesn't on our end to relent, rather keep 80% focused on our own projects which is right infront of us and not jeopardize any chances earned.