PayPal to accept cryptocurrencies
@Nakitakona (56302)
Philippines
October 25, 2020 12:22am CST
PayPal which is one of the legit and trusted money processors by many merchants and online job workers is planning to serve a new virtual currency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin sometimes in 2021, according to Dan Shulman, PayPal President and CEO disclosed in a recent interview.
How does this imply to you?
PayPal has already announced that it will support various cryptocurrencies when users will be making purchases or other financial operations.
17 people like this
20 responses
@florelway (23134)
• Cagayan De Oro, Philippines
28 Oct 20
Am happy with PayPal too.
3 people like this
@DianneN (246720)
• United States
28 Oct 20
@Nakitakona That much I do know. My brother invested in it a few years ago and sold it for a profit, but even he doesn't know much about it.
2 people like this
@Nakitakona (56302)
• Philippines
29 Oct 20
@DianneN There are good things about it as well as bad ones.
2 people like this
@Nakitakona (56302)
• Philippines
28 Oct 20
It is new virtual money. That's how I know about it.
2 people like this
@kaylachan (57635)
• Daytona Beach, Florida
25 Oct 20
I don't deal with bitcoin or anything like that, but I can understand the move. Criptocurency, is one step closer to coming up with a universal currency system. In the long run, such a thing could be a good thing economically, as there would be a better understand of how money works. no international exchange rates no nickle anddiming. Banking is become more digital these days. You almost never have to visit a branch. having pay pal accept another type of money exchange, only makes it easier for people to send money worldwide.
2 people like this
@Nakitakona (56302)
• Philippines
26 Oct 20
Well said. Thanks. I know many would be benefited for this news.
1 person likes this
@kaylachan (57635)
• Daytona Beach, Florida
26 Oct 20
I would hope so. @Nakitakona
1 person likes this
@Nakitakona (56302)
• Philippines
27 Oct 20
@kaylachan That would be fined to be optimistic.
1 person likes this
@kobesbuddy (74553)
• East Tawas, Michigan
26 Oct 20
This is gonna create some big problems for PayPal, just you wait and see.
2 people like this
@kobesbuddy (74553)
• East Tawas, Michigan
27 Oct 20
@Nakitakona What if I don't want to spend my PayPal income online?
2 people like this
@Nakitakona (56302)
• Philippines
28 Oct 20
@kobesbuddy No problem. The point here is to receive payment in cryptocurrency which PayPal could process it in your PayPal account.
2 people like this
@Nakitakona (56302)
• Philippines
27 Oct 20
I don't think so. PayPal will surely benefit from this plan.
2 people like this
@florelway (23134)
• Cagayan De Oro, Philippines
25 Oct 20
I haven't had a full grasp of this crypto currency but that is a welcome development. Does it go to show of the acceptability of this currency?
1 person likes this
@florelway (23134)
• Cagayan De Oro, Philippines
26 Oct 20
@Nakitakona that's good.
2 people like this
@Nakitakona (56302)
• Philippines
27 Oct 20
@florelway That's one of the good features,
2 people like this
@Nakitakona (56302)
• Philippines
26 Oct 20
If you're a PayPal user then somebody will pay the bitcoins, you can receive them.
1 person likes this
@Butterfingers (66585)
• India
25 Oct 20
Good for the ones who are interested in bitcoins
2 people like this
@ARIES1973 (11426)
• Legaspi, Philippines
25 Oct 20
It's a good move for the site to open transactions for the cryptocurrencies as more and more people are now engaging in sites offering crypto payments. Though for me, I already learned how to do things without PayPal. But it is also good to have many choices.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
26 Oct 20
@Nakitakona For sometime, I wondered why they didn't take action immediately on this. Being in business, they really should know what is the demand of the clients and the trend. Maybe they need to conduct comprehensive study considering that the volatility of the cryptocurrencies.
1 person likes this
@Nakitakona (56302)
• Philippines
26 Oct 20
Thanks for a good reaction to this news.
1 person likes this
@Nakitakona (56302)
• Philippines
27 Oct 20
@ARIES1973 There are several basic requirements they have to comply first.
@RebeccasFarm (86755)
• United States
15 Jan 21
It does not apply to me but I see they do
1 person likes this
@Nakitakona (56302)
• Philippines
4 Nov 20
Well, there is no problem about it. It's just an added service from them. In case somebody will pay you bitcoins.
@Nakitakona (56302)
• Philippines
30 Oct 20
There's no issue about it. It's just an added service to accommodate cryptocurrencies.
1 person likes this
@simplfred (20608)
• Philippines
31 Oct 20
This is a great move from them, I think... It will strenghthen other virtual currencies and for Paypal they will earn more...
1 person likes this
@simplfred (20608)
• Philippines
31 Oct 20
@Nakitakona Yeah and of course on the conversion charge...
1 person likes this
@Nakitakona (56302)
• Philippines
1 Nov 20
@simplfred Well that would be possible.
1 person likes this
@Nakitakona (56302)
• Philippines
31 Oct 20
You're right for they're charging the sender with a fee.
1 person likes this
@tooslow (137)
•
27 Oct 20
@Nakitakona thats good if that happen. I'm farming btc and other crypto curriencies
1 person likes this
@popciclecold (35084)
• United States
25 Oct 20
It won't affect me at all. But good for some I guess.
1 person likes this
@Nakitakona (56302)
• Philippines
26 Oct 20
Of course, but they would be of help to you soon if later on you will be earning bitcoins.
@lovebuglena (43074)
• Staten Island, New York
25 Oct 20
I have not heard about this.
1 person likes this
@Nakitakona (56302)
• Philippines
25 Oct 20
You read the news link to know more of it.
1 person likes this
@freelancermariagrace (27219)
• Philippines
25 Oct 20
Bitcoins and the likes sound confusing to me. 
1 person likes this
@Nakitakona (56302)
• Philippines
26 Oct 20
Before I knew them, they're too strange to me too.
1 person likes this
