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BrolySSJ

Paypal is on track to join the era of crypto

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One of the major forms of payment for most online sites is the use of PayPal, and there are many that continue to use this method of payment. However, with the fast growth of the cryptoworld there are also many that have turned to crypto and have left PayPal behind. Fortunately, PayPal has addressed this issue, and is now offering users to buy and sell crypto, such as bitcoin through their PayPal accounts. 

 

With this approval by PayPal, over the next few weeks this is expected to be adopted in the US, and over the course of next year this is expected to move globally. This is an incredible way to bridge the gap between PayPal and crypto. In fact it is expected that in 2021, users with PayPal accounts will be able to pay with crypto and other merchants as well.

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i think this is amazing news for crypto currencies, having a giant company like Paypal accept bitcoins makes it widely more accessible to a lot of people which can help make bitcoin even stronger

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Indeed a freat news. We all know PayPal has many users and i think it will engage many people in Cryto world because they can easily buy and sell crypto currency such as bitcoin.

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I read yesterday that Paypal has increased the daily limit of buying Bitcoin up to $15,000 after many requested this increase. It is another sign that price today will be something we will probably never see again in the future and what Bitcoin will do will leave the world discussing once again.

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I have read that Paypal was once against Bitcoin and now is supporting it after adding trading in the Paypal wallet. This is something huge and a turn to accept Bitcoin, recognize it as a world currency and allow paypal users to buy Bitcoin. I don't know how much better news we can get as we are talking about 300 million people ready to buy.

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Paypal did this after noticing interest from hundreds of millions of people for Bitcoin. It is the next step for crypto adoption and everybody will start asking about bitcoin once again, this time it will be even more massive and the news will not stop covering Bitcoin for all the new year. Mark my words 2021 will be unforgettable for all of us that we are here early and hold for the new bull run and the next parabola.

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it was already announced that for the first quarter of 2021 paypal will accept the savings and trade of the main crypto products such as Bitcoin, Ethereum, Bitcoincash and Litecoin 

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If I am glad that paypal released the new way to accept cryptocurrencies although I think that their transaction fees must be very expensive since paypal is not cheap at all but I am glad that they already accept cryptocurrencies that I like because cryptocurrencies will later be accepted in  all the world.

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And I think it has taken them a long time to do so , because I think so many of the online traditional wallets should  have at any moment been able to build a good base for their adoption of the crypto so the good thing is to make sure that you are able to work and put together everything

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On 10/22/2020 at 7:20 AM, BrolySSJ said:

One of the major forms of payment for most online sites is the use of PayPal, and there are many that continue to use this method of payment. However, with the fast growth of the cryptoworld there are also many that have turned to crypto and have left PayPal behind. Fortunately, PayPal has addressed this issue, and is now offering users to buy and sell crypto, such as bitcoin through their PayPal accounts. 

 

With this approval by PayPal, over the next few weeks this is expected to be adopted in the US, and over the course of next year this is expected to move globally. This is an incredible way to bridge the gap between PayPal and crypto. In fact it is expected that in 2021, users with PayPal accounts will be able to pay with crypto and other merchants as well.

PayPal is one of the best payment application that makes it easy for people around the world to send and receive money. It will be awesome if the transformation of cryptocurrency can be made on PayPal too.

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Paypal just allowed all american citizens to buy with their app up to 20k every week. It is something that helped Bitcoin price reach new year high today and it is also probably will help even more with the price for a very long time. Waiting for 300 million americans to buy Bitcoin with this.

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Paypal is characterized by the possibility of transferring money to real bank accounts and entering them by contracting with cryptocurrencies is good for us and we can convert our currencies then to Paypal accounts, but the matter for me is a little complicated as not everyone will be able to benefit from this because Paypal is linked to specific countries only

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On 11/4/2020 at 11:55 AM, Kapil Koirala said:

Paypal CEO was the one who said cryptocurrencies are scams in 2018 and now they also want to adopt crypto. Well thats a great news for millions of users who are using both paypal and crypto because they don't have to find 2 seperate wallets to store their money.

@Kapil Koirala Yes PayPal was so bad with Crypto currency in past days. Many accounts were freezed because of Crypto related transactions but just few years later Paypal is realising the Potential Behind Crypto.

But Keep in mind that Paypao will support US citizens only for some time. And the Paypal will allows buy/sell/hodl option only in custodial way.

We won't be able to withdraw or send Crypto to another PayPal account or users.

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Paypal was the final good news that helped Bitcoin make a breakout and price is heading towards 20k. It was significant and helped with something that we were waiting for a long time, adoption. It will now be easier for hundreds of millions of users of Paypal to buy Bitcoin and it will make it great asset again.

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You know, I agree, that PayPal is rather good money operation platform, but every time I work with it, I meet a lot of problems, that I never met before. Like something just stops my transactions, or the website is very laggy, so, I think, they’s better concentrate on their existing services.

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I think its a good plan and so to me its good to really have an integrated system and we need to follow the right ideas of the market, paypal should have adopted one crypto and my suggestion is Ripple,so to me we need to work and put together everything that will bring this front because when we do that its going to really make so many system work and payeer is really ahead of them.

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Paypal move is very significant because it opens the gates for every payment processor to accept Bitcoin and for all shops to start accepting it. Paypal is used by countless shops, websites and so many people. It is probably the big news we were expecting and it is shown in the price too as it pumped around 40% since the announcement.

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Paypal accepted the trade and use of a Bitcoin and more cryptocurrencies. It began in the USA and Bitcoin reacted today with a price of close to $17000 but did not break it. Paypal is not just a one time pump for Bitcoin but it will have long term effect.

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In online world for payments the paypal have big name and coming into crypto isn't small news where this will help the crypto buying and selling but gives it's user to have crypto assets in their platform without looking out. They can get more members through this. Their move will increase their size and get more project on board. 

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It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
    • Линн Мартин выразила оптимизм по поводу биткойн-ETF, подчеркнув их потенциал и ресурсы, которые они уже принесли на Уолл-стрит.  Мартин, президент группы Нью-Йоркской фондовой биржи, выразила этот оптимизм на конференции Consensus 2024, когда ее спросили о запуске ETF на биткойны ( BTC ) и о потенциале, который они несут для Уолл-стрит.  «Мы ведем переговоры с SEC уже более шести лет о биткойн-ETF», — сказал Мартин в интервью . «Я думаю, вы не можете спорить с успехом биткойн-ETF и ликвидностью, которую они принесли базовому рынку».  Финансовые руководители все больше интересуются криптовалютой, либо напрямую, либо через ETF , что привело к росту цен на рынке криптовалют. По словам Мартина, одобрение спотового биткойн-ETF в январе пробудило интерес традиционных инвесторов, принеся на рынок много ликвидности.  Крипто-объединение Вашингтона и Уолл-стрит В последнее время на криптовалютных рынках и на Уолл-стрит наблюдались сильные движения цен, и во многом это можно объяснить сильным притоком средств в ETF, зарегистрированные в США. Рыночная капитализация криптовалюты превысила 1 триллион долларов с момента одобрения биткойн-ETF.  Спотовый крипто-ETF напрямую отражает цену конкретной криптовалюты и стратегически распределяет средства портфеля в эту криптовалюту. Эти средства активно торгуются на публичных биржах и отражают эффективность конкретной криптовалюты. Как и другие фонды, крипто-ETF легко доступны на стандартных фондовых биржах, и инвесторы могут хранить их на своих брокерских счетах. Недавно был одобрен спотовый ETF Ethereum , предоставляющий инвесторам регулируемый и доступный способ получить доступ к Ethereum. Могут последовать и другие спотовые крипто-ETF . Комментарии Мартин прозвучали в период крипто-оптимизма в правительстве США. На прошлой неделе Палата представителей США приняла законопроект FIT21. Законопроект разъясняет, как SEC классифицирует криптовалюту, создавая термин «цифровой товар» для цифровых активов. Законопроект направлен на искоренение мошенничества, регулирование криптовалютных бирж и защиту потребителей, одновременно создавая стабильную среду для криптовалюты — по сути, он сообщает, что криптовалюта теперь является проблемой правительства. Недавно Дональд Трамп начал получать пожертвования на предвыборную кампанию в криптовалюте, сигнализируя о более широком охвате отрасли политиками.
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