Paypal adopts cryptocurrency payment means

[HayKay]

In November 2020, PayPal announced that all account holders in the US would be able to buy and sell cryptocurrencies including Bitcoin through its platform. The news followed its announcement in October 2020 that it would introduce options for cryptocurrency services through a partnership with Paxos Crypto Brokerage.

PayPal now allows transactions of Bitcoin, Ethereum, Bitcoin Cash and Litecoin within the PayPal digital wallet. To be able to transact bitcoin, first, you need a verified US PayPal account, activated for Cryptocurrency transactions.
What do you think? Does this signify a certainty for crypto's future?

 

[Nomad]

I was aware that you cna buy and sell crypto currencies through paypal, but I did not know you can also send crypto currencies to other wallets. I am not based in the US so I cannot use paypal to buy and sell crypto currencies.

 

[Didosky]

Paypal is a very god platform to buy and sel crypto. Alot of people are not aware of such platform and the activities. But considering the fact that I don't use paypl so often but I guess it may intrest youbof the new features it has and also as time goes by there are alot of features coming up

 

[Nurudeen]

The fact that paypal allows Bitcoin or crypto currency exchange Business on its PLATFORM really mean a lot of more companies will definitely adopt the use of crypto currency which is a good thing for the market

 

[Dowenship]

I was aware that you cna buy and sell crypto currencies through paypal, but I did not know you can also send crypto currencies to other wallets. I am not based in the US so I cannot use paypal to buy and sell crypto currencies.

Yes you can make any transaction just like exchanges. This improvement carried out by the company as made them realize up to 30m USD transaction just in one month or two.

 

[Abigael]

That is a great development in the cryptocurrency world. It will make more people feel comfortable about cryptocurrencies since many trust PayPal. I just hope the feature spreads all over the world soon so we can all enjoy the feature.

 

[Dowenship]

That is a great development in the cryptocurrency world. It will make more people feel comfortable about cryptocurrencies since many trust PayPal. I just hope the feature spreads all over the world soon so we can all enjoy the feature.

Even though some countries are limited in using PayPal and its its not given then the opportunity to use the crypto of PayPal.

 

[Elfinito]

It signifies a great future for crypto currency and it's possiblity of becoming the main payment system.
This would also give the crypto currency more market value as people who uses PayPal would also dive into crypto

 

[alberello75]

Well as you specified, for now this only works in the United States. In fact, being Italian, I was wondering why, it was impossible for me to work with crypto through my verified PayPal account. So I believe that PayPal should extend this function to other countries around the world as well.

 

[Justin]

Crypto currency investment and payment option in pypl is available to handful of coutries, therefore, as for now it does not matter what paypl does with crypto currency. Paypal is not available here.

 

[GoldenLady]

Being an independent financial institution, Paypal can accept cryptocurrency. This would be good for the market as more people would becone aware and with the lightning network, more bitcoin transactions would be made.

 

[Michael 202]

I was aware that you cna buy and sell crypto currencies through paypal, but I did not know you can also send crypto currencies to other wallets. I am not based in the US so I cannot use paypal to buy and sell crypto currencies.

Me too i dont know you can send crypto currency to other wallet

 

[unhappy triad]

The end of cryptocurrency may just be just be insight I think. Federal token is on its way and the impart on other digital currencies which are not legal tenders will be immense. We just have to wait and see how it unfolds.

 

[07Trinity]

In November 2020, PayPal announced that all account holders in the US would be able to buy and sell cryptocurrencies including Bitcoin through its platform. The news followed its announcement in October 2020 that it would introduce options for cryptocurrency services through a partnership with Paxos Crypto Brokerage.

PayPal now allows transactions of Bitcoin, Ethereum, Bitcoin Cash and Litecoin within the PayPal digital wallet. To be able to transact bitcoin, first, you need a verified US PayPal account, activated for Cryptocurrency transactions.
What do you think? Does this signify a certainty for crypto's future?

This is definitely a good development,the only problem is the limitation that PayPal have with lots of countries.all the same this will give room for other platform to integrate PayPal.

 

[Kelly5]

If PayPal have adopted cryptocurrency into their system and still continues to restrict countries from having the full fuctionality of their services, it is as good as useless to me then because it serves me no purpose actually

 

[Setfragil]

Rather than searching for means or how to spend your PayPal funds, having cryptocurrency features on PayPal gives many users choices on how to spend their funds.

 

[Kingstone]

I am glad I can find a way to bypass the ban on Paypal in my country. Many countries are not able to use Paypal because it is banned by the country. Now that would mean these countries will not be opportune to use Paypal for crypto services

 

[Trexxxy]

I think this is a good development for PayPal, just like I said on a similar thread, allowing transactions involving cryptocurrency breaks new ground and more revenue could be generated by adding this features to the wallet.

 

[Ezekiel]

Yes truely that is a positive change and it tends to speak more or crypto currency hereby given hope to the future of crypto currency

 

[Thinker009]

I think the adoption of cryptocurrency by PayPal actually spark the development of cryptocurrency ,it increased users interest in cryptocurrency which was a good development