Why isn't this bigger news? If they announced the partnership with Link you know the price would be skyrocketing and it's all Zig Forums would talk about, so why the silence now?
Is it because Bitcoin has already been accepted as mainstream and the partnership with PayPal was an eventuality that was already priced in?
Paypal Bitcoin
William Stewart
Brody Moore
link is backend so announcements are not really something that's usually done. Also they don't need to officially partner for being a user of chainlink.
Camden Young
because it's a nothingburger
Hunter Rogers
because the worlds economy is in shambles and everything is going to shit. People don't have anymore money to throw at magic internet bullshit.
Plus paypal is a nothingburger, its pretty much etoro CFDs
Isaac Cox
Because this is finally the end of crypto
A just a KYC traded asset, nothing special.
Ian King
finally the end of btc
Easton Johnson
Just bitcoin lol. Its going to take itself down xD
Kevin Bennett
didn't paypal used to accept bitcoin back in the day, but then stopped?
Or is this the first time?
Ethan Ross
not sure
Mason Parker
>Why isn't this bigger news?
Why should this be bigger news? It's tied to your PayPal account, you cannot even transfer it, let alone withdraw it, you can only hodl. Buy and sell on spot. What's the purpose of this?
Even if they enable transferring one day, it will be only between PayPal accounts, which is about as good as transferring plain PayPal dollars.
Jonathan Williams
>you can only buy and sell
what the fuck else are you going to do with bitcoin?
we're all here to make money, since when have you actually sent a bitcorn to someone or used it
Blake Roberts
That was stripe. They stopped because txns got way too expensive for most online purchases and would fail sometimes (which means absolutely no merchant would ever accept bitcoin)
Joshua Hughes
because the paypal news is retarded. No one is going to buy into paying paypal retard fees to buy shitcoins that they can't withdraw and can only be used to pay to vendors, who will likely liquidate it into fiat before arriving in their wallets.
Caleb Price
Paypal will be bigger for RSR than it will for Link. RSR will provide currently for global online payment.
Tyler Flores
>link is backend so announcements are not really something that's usually done.
LINK cucks are as delusional as XRP shills. Holy fucking shit.
Ayden Price
RSR is really going to be the winner in this. not hating on LINK though. the two will be working together anyway
Noah Ross
Considering Bitcoin still doesn't scale, this is probably better.
Thomas Brown
When you buy a product online you simply pay with paypal and it takes to money from your bank account.
You dont buy btc on paypal to pay with btc via paypal
Adrian Allen
It just hit a yearly high. Not sure how much more you want.
Lucas Bell
Did you invest in RSR?
Xavier Sanchez
>there are still people trying to pretend that Paypal - the god-king of normie finance - adopting crypto is bad/a nothingburger
Alexander Lewis
It's not though. Stripe is the god king of normie online transactions. The only reason paypal is still used is because of ebay
Dylan Rogers
>The only reason paypal is still used is because of ebay
lmao, pretty much every online store out there has a "pay with Paypal" button you absolute turboboomer.
Paypal had a payment volume of $712 BILLION just last year.
Blake Rodriguez
Dude I have online stores, I know these things. paypal is like 30% of most store's sales, but most people use stripe's buy buttons either with their bank accounts, google or apple pay. Stripe handles all of Amazon, Google and Shopify's payments which is well over half of all ecomm sales. They also have much better business practices.
Thomas Jones
>dude trust me, I own a store, $712 billion in volume means nothing haha
Mason Bell
Non-burger here, I don't even know what Stripe is
Xavier Ramirez
They just aren't a publicly traded company, but just look at the companies they handle payments for... Would amazon, google, and shopify all be using them (over paypal) if they were shit?
Not having a paypal buy button on your store will hurt conversion rates, but not as much as not having stripe's buy buttons will.
Grayson Martinez
I meant to quote
Ryan Rivera
You vastly underestimate normies. The key here is accessibility, which will drive BTC higher as more people can buy it in an easier fashion.
Benjamin Ward
wow you're right
a major payment processer that lots of normies use vowing to allow pay-with-crypto at checkout isn't bullish
zzzzz im feeling sleepy
it must be hard being retarded
Luke Powell
>Why isn't this bigger news?
You're watching the biggest BTC pump in months, reaching the highest BTC price since the 2017 mania (and it's stull pumping).
>Why isn't this bigger news?
Is this just sarcasm? I guess I don't understand your humor.
Grayson Perry
But it's not. Paypal owns the bitcoin and the customers are paying with usd. You can't transfer to or from external wallets, or even get the coins off the paypal platform.
Just read through screw-paypal.com
This is an investment by paypal, not a method for paypal's customers to invest in crypto. Mark my words, this will end badly.
Parker Sanchez
>Would amazon, google, and shopify all be using them (over paypal) if they were shit?
Who's "they", and who says they're "shit"?
Also, Amazon, Google, ... are all trying to launch a competitor to Paypal.
Because Paypal is that successful.
Alexander Collins
There is no official paypal link intergration you utter fucking retard, I'm selling
Thomas Jenkins
>trying to launch a competitor to Paypal.
>trying
They already did and it runs on stripe! Google pay is already better than paypal
Cooper Morales
66% of my sales are through PayPal and 34% through Stripe.
Camden Cooper
Could be age demographics. One of my products that catered mostly to people in their 40s/50s had similar numbers, but my stuff bought by college students is overwhelmingly in stripes favor.
Lots of business owners in some of the private FB groups, discord, tg groups etc I'm in have been removing their paypal buttons just to avoid the headache that comes with dealing with paypal ("oh you had a good month? Let's see how good it is without any fucking money. Were putting $15k on hold for over a month")
Jordan Gomez
Same service developed by same company Paxos Trust Company is available since 2018 on Revolut. It is nothing revolutionary since you will not be even able to send this crypto to another account. Paypal will act as the most basic interface of some exchange underhood and i doubt that they will use any oracles (although i hope for)
Luke Perry
Normies use coonbase which has retarded fees. Why wouldn't they use PayPal?
Chase Ross
we didn’t have any of this in 2017, we had a few ok exchanges that’d lag all day then crash if btc moved 5% so yeah next bull run it’s big these on ramps + custody and insurance solve a lot of problems
Nathaniel Campbell
Also means it's easier than ever to dump.
Camden Cox
You are absolutely delusional.
Stripe users (direct): 2 million
Amazon pay users: 33 million
Google pay users: 55 million
Paypal users: 305 million
Michael Ross
I don't think they'd be able to say "buy croptocurrency" if they weren't actually enabling the purchase of cryptocurrency.
Daniel White
don’t overthink the dump aspect, there was a time to be a bear, not now. I’ve been in btc since 2014 and seen many a pump n dump, the bear is over and it’s simply a race to buy right now you can see In the charts whales are fighting to accumulate while keeping the price as low as they can as they get front run and can’t get enough the price moves up. There’ll be a time where it’s as stable as gold it’s just many years away, before then 20-30% dumps are normal, even in bull buckle up
Parker Morgan
>Mark my words, this will end badly.
"its bad when tens of millions of merchants have the ability to transact with cryptos."
anything that drives usage of cryptos up is good for people who are into crypto. so even if paypal had 1/10th its customer base it has, it'd still be a good thing.
how is more usage a bad thing? youre just comparing paypal to other payment processors that you like more. whether you like paypal or not, people still use it a lot. i doubt everyone in the universe is going to be transacting bitcoin with it especially at first. but this 100% will drive usage up and opens a lot of doors for bitcoin.
>Mark my words, this will end badly.
mark my words, google pay, venmo, every other intermediary and payment processor and bank will also be doing something similar in the coming years, maybe sooner than you think. will that still be a bad thing? "People having the ability to transact more will end badly mark my words."