Will PayPal Ever Accept Crypto Deposit and Crypto Withdrawal?

[Greatguy1]

If if there's a demand for it, PayPal has no option than to create its cryptocurrency and compete with the big boys in the market. Paypal only downside will be that it might be afraid that a cryptocurrency would compete with his payment processor. Thus to they have to create their own coin to fully capture the market and carve a niche for themselves.

 

[Mandypaul]

PayPal mode of payment only they will transfer of Dollars from one account to another and you can possibly withdraw to your local bank account in some countries I don't think they will never accept cryptocurrency and their mode of payment because they will be deviating from their normal way of transaction.

 

[Olubayo12]

Crypto came to PayPal in November 2020. Currently, PayPal allows to buy, sell and hold Bitcoin, Bitcoin Cash, Ethereum and Litecin on this platform. You can buy these cryptos from your PayPal balance as well as credit/debit card directly from PayPal without leaving Paypal. Currently, this service is available only in the United States.
PayPal has also said that this year, it will add more functionality to its crypto transaction by allowing the users to buy using crypto balance. The crypto you hold on PayPal cannot be transferred to other users or withdrawn to your bank or card. You also cannot add balance via crypto. Therefore, the burning question will PaYap ever accept crypto deposits and crypto withdrawals?
There is no news about this but we can assume that PayPal will surely add this functionality. Paypal recently said that traffic to their platform substantially rose aft adding crypto as the users started checking their account a couple of times in a day. PayPal also said that the profits rose by 11.8 percent since adding crypto to its functionality.
When Vias can allow 35 crypto wallets to use its platform, why can't PayPal?

there would be nothing better than that for PayPal to adopt Crypto as an option for payment or withdrawals .in fact, any payment gateway that wants to be well used these days must imbibe the use of Cryptocurrency. It is fast and easy that way without any problem or stress or even delay in delivery.

 

[Zevin]

PayPal mode of payment only they will transfer of Dollars from one account to another and you can possibly withdraw to your local bank account in some countries I don't think they will never accept cryptocurrency and their mode of payment because they will be deviating from their normal way of transaction.

Paypal uses dollars because it is the standard currency of the world. Changes in the operation modality of business. Ever since paypal started allowing crypto currency, the traffic has increased on this platform and the profits have also grown. They are now allowing to buy and sell crypto currency. They have even said they will allow crypto payment in 2021.

 

[Dubai]

PayPal will definitely recognize and use the bitcoin crypto currency. It is what every international forex market transaction is based on. Its only a matter of time when Paypal will incorporate the crypto current into its medium of transactions. Since it's now being supported and world riches investors, I see it happen before the end of this year.

 

[redpogi16]

I think not long in the future paypal will also accept other crypto currencies especially bitcoin. Because nowadays crypto currencies is growing and being know arround the globe. So i will not be surprised if major billing company will also accept crypto currencies as payment method.

 

[Hasan Raza]

PayPal will before long beginning tolerating digital currency store and withdrawal, it's simply an issue of time. What's more, I see them tolerating usdc store and pull out was soon on the grounds that it is steady come and it is getting so mainstream at the present time

 

[Eodine]

With technology advancing rapidly, there is the need for companies and organisations to also adjust I feel PayPal would also have to make adjustments with crypto currency that keeps advancing, they already have started accepting Bitcoin so very soon we just might be able to transact Bitcoin on paypal

 

[Onachukwu]

Do not use PayPal for bitcoin; there are many other places to buy crypto which will let you keep ownership of your coins,” the company wrote in a blog post, suggesting PayPal’s plans for cryptocurrency adoption are probably not because they want to spur healthy adoption and pointing to comments made by former PayPal chief executive Bill Harris in 2018 that bitcoin is “the greatest scam ever.”

 

[Nurudeen]

As at late last year December the platform was about to adopt crypto deposit and selling on its platform but I don't really know what happened that makes them later stop or pend the process but I still believe the idea is already in place all what Is needed right now is just implementation

 

[Dowenship]

Crypto came to PayPal in November 2020. Currently, PayPal allows to buy, sell and hold Bitcoin, Bitcoin Cash, Ethereum and Litecin on this platform. You can buy these cryptos from your PayPal balance as well as credit/debit card directly from PayPal without leaving Paypal. Currently, this service is available only in the United States.
PayPal has also said that this year, it will add more functionality to its crypto transaction by allowing the users to buy using crypto balance. The crypto you hold on PayPal cannot be transferred to other users or withdrawn to your bank or card. You also cannot add balance via crypto. Therefore, the burning question will PaYap ever accept crypto deposits and crypto withdrawals?
There is no news about this but we can assume that PayPal will surely add this functionality. Paypal recently said that traffic to their platform substantially rose aft adding crypto as the users started checking their account a couple of times in a day. PayPal also said that the profits rose by 11.8 percent since adding crypto to its functionality.
When Vias can allow 35 crypto wallets to use its platform, why can't PayPal?

First if all what's PayPal, recently I'v been coming across this Kediri lmedium is it in form of fiat currency or its a transaction on its own?

Quote of the day:
Never give up, because the breakthrough is near. Keep pushing till you win

 

[Diddi01]

I really hope they do, them and the rest of other payments sites and apps because that would make things a lot easier for everyone. Seeing as there are some crypto coins that take less to little amount of charge Fees for transactions.

 

[Mandypaul]

Paypal uses dollars because it is the standard currency of the world. Changes in the operation modality of business. Ever since paypal started allowing crypto currency, the traffic has increased on this platform and the profits have also grown. They are now allowing to buy and sell crypto currency. They have even said they will allow crypto payment in 2021.

if what you said is that only the true that means they have accepted cryptocurrency as mode of payment and transaction already ?the reason I thought they will not accept such as because they are only familiar with dollars and they will not like to bring in another trouble into their platform.
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Paypal uses dollars because it is the standard currency of the world. Changes in the operation modality of business. Ever since paypal started allowing crypto currency, the traffic has increased on this platform and the profits have also grown. They are now allowing to buy and sell crypto currency. They have even said they will allow crypto payment in 2021.

if what you said is that only the true that means they have accepted cryptocurrency as mode of payment and transaction already ?the reason I thought they will not accept such as because they are only familiar with dollars and they will not like to bring in another trouble into their platform.

 

[Rimsha kanwal]

As part of PayPal's commitment to protecting its users, PayPal will not hold customers liable for Crypto purchases or sales made as a result of unauthorized activity in their PayPal account. Contact us if anything seems suspicious so we can help you protect yourself from fraudulent charges against your account. We'll never ask for sensitive information in an email.
PayPal will not cover losses from Cryptocurrency price fluctuations and recommends that users make sure purchasing Crypto is right for their financial situations. Since Crypto purchases and sales aren't reversible, PayPal urges customers to do their research and make decisions carefully.

 

[Zevin]

if what you said is that only the true that means they have accepted cryptocurrency as mode of payment and transaction already ?the reason I thought they will not accept such as because they are only familiar with dollars and they will not like to bring in another trouble into their platform.
[automerge]1612678844[/automerge]

if what you said is that only the true that means they have accepted cryptocurrency as mode of payment and transaction already ?the reason I thought they will not accept such as because they are only familiar with dollars and they will not like to bring in another trouble into their platform.

They are not using cryptocurrency as a mode of transaction yet. They are not accepting crypto deposit or withdrawal. They have not allowed crypto payment yet. However, they are allowing to buy crypto through account balance or cards. The crypto you bought can be put on hold on your account and you can sel it when ever you wnat.

 

[jimmann247]

PayPal might be planning that without we knowing. They was even a time we hard rumor concerning that (PayPal to integrate cryptocurrency into her platform), but we later find out it was not from PayPal, just from random people. I am sure they will do soon because they will not want to be left behind.

 

[Trojan8]

They have already started the buying and selling of Crypto assets. I feel it is just a matter of time before they start allowing withdrawals. This would undoubtedly change my opinion of Paypal if they push through with this. I might have to leave Payoneer and focus more on Paypal.

 

[iori23]

I think paypal has accepted cryptocurrency because many have used crypto wallets., so that they can immediately exchange the paypal dollar ..

 

[Ertugral]

If you want to withdraw the value from your Cryptocurrencies Hub you will need to sell your Crypto Assets and withdraw the cash proceeds from their sale. The term "Crypto Assets" means the particular digital assets that PayPal supports and that you may buy, sell and hold using your Cryptocurrencies Hub.

 

[zenith]

I believe they will definitely do because things are seriously changing everyday and they can't afford to stay behind.many payment solution are now adding cryptocurrency payment to their platforms so PayPal as big as they are cannot remain behind.