If this isn't bullish..
(Edited)
Then I honestly don't know what it is! If this was released in 2017 everything would be mooning so hard now.
A second source confirmed that PayPal is looking to offer buying and selling of crypto and said the service could be expected “in the next three months, maybe sooner [source]
I can already imagine hundreds of thousands of plebs throwing their papal monkeys at our shitbags!!!
Honestly, I am so glad this whole corona thing happened. I mean, I am not dead, not any from my family is dead and I got the chance to accumulate all kinds of nice bags I wouldn't had if it wasn't for the china virus, lel.
We will make it boys!
Disclaimer: This is not financial advice. Remember, the china virus could mutate anytime and cause a zombie apocalypse. Because it's a fucking virus. Zombies are cool too, so I am fine with that too. Or the story could just be fake news.
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Is that your professional opinion?
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heh, i think the disclaimer makes it clear that this is meant to be read in a humorous way. But yeah, if the story is true many nocoiners will start buying cryptos. Or not. Or the western civilization dies from corona and we return to the stone age. who knows..
It was an amusing read!
I personally think a little bit of a prepping mentality is not a bad idea in these crazy times!
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leoposh
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I doubt that. Some might still struggle with monthly bills being unemployed... My intuition tells me that at least one year will pass till the world will come back to normal, if it will actually do that, and we'll see some real bullishness on the market. For now I think that most are not inclined to invest in anything.
That's true - for the poorest 40% or so in the West - I read a report early today by the Resolution Foundation that the richest 20% actually have more savings now than pre-Covid because they've been forced to stop sending as much - so there is a bit more money kicking about that could be injected into crypto - mass investment was probably always going to come primarily from that cohort, now maybe it's more likely?
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I hope you are right. The more I accumulate before the bing bang the better!
This is clearly some financial advice and I'll take it. I'll put all my hard earned money in zombies. Thanks!!!
I've heard those reports about PayPals intention with Cryptocurrency too, but have not seen any real ongoing buzz about it's progress or failure.
Have a friggin happy day, if you choose to...!!!
You too friend!
Crypto Mass Adoption
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Yes!
No more sketchy back room deals using PayPal.
One of the annoying things about PayPal is how easy they make it for scammers to do chargebacks on purchases. I know that selling crypto is something completely different from using crypto for transactions. However, if they can offer merchant services, it may work out for vendors given that there are no chargebacks.
Perhaps it is wishful thinking.
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I stopped using it a long long time ago because they locked some funds of mine and broke my balls till they finally returned them. Still, many plebs use it so its good news for us!
This really is an important development. Many of my friends exclusively use Paypal to buy things because of the convenience. To my knowledge, none of them have ever bought any crypto before, but if it pops up as an option on Paypal its a virtual certainty that they will pick some up.
When I wanted to first buy crypto the first thing I checked was if it was possible through paypal. I am sure I am not alone :D
if that is true it is a massive positive push for cryptocurrency community
Really?
Almost makes me wish we hadn't completly sold out to that commie chinese guy but oh well fuck it, we rich bitch!!!!
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The market seems much more sophisticated these days. Less volatile as though patiently awaiting atomic swap capable side chains to be ready to deal with the scalability needed for mass adoption; while keeping transaction fees at a reasonable rate in the meantime.
It seems this is yet another example of the layers being built under the BTC architecture, made almost unalterable from its commanding heights of dominance in blockchain technology.
Different approaches are being put forward (even in such drama as the LN and Liquid opposing camps) the outcomes of which need not be an either/or kind of thing in my opinion.
Cool, finally someplace people are familiar with and they know their personal information isn't going to get left hanging somewhere in the abyss if an exchange goes down.