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[Josemendez]

According to cointelegraph , The CSO of CoinShares thinks that following the PayPal announcement to venture into the cryptocurrency world , that soon they will develop their own token .
For me , if PayPal does thus , the token will rise faster because of the available high number of users they have.
What is your take on this issue ?

 

[BullyMaguire]

This is not impossible, when new platforms learn to adapt a Cryptocurrencies, they tend to make their own tokens so this is possible.

 

[bitforex22]

first of all , I doubt users preferring to use PayPal crypto due to the fact that when you use crypto you want to stay anonymous , if the reason gets buried , i do not see people coming to use the currency , secondly if it is linked to same wallet that means if you have limitations on account , you do have same on the coins ,

 

[a_jerobon]

According to cointelegraph , The CSO of CoinShares thinks that following the PayPal announcement to venture into the cryptocurrency world , that soon they will develop their own token .
For me , if PayPal does thus , the token will rise faster because of the available high number of users they have.
What is your take on this issue ?

That is awesome news. No wonder they started with accepting the buying of crypto currencies. I agree with you that if they introduce a new crypto, its price may rise so fast due to many users who trust paypal.

 

[Josemendez]

That is awesome news. No wonder they started with accepting the buying of crypto currencies. I agree with you that if they introduce a new crypto, its price may rise so fast due to many users who trust paypal.

Yeah especially if they will now give opportunity to those countries where there PayPal money was never available for . I do hope that it comes to existence

 

[Wisdom01]

Yeah but will be a stable type or a flunctuating coin ,i think if paypal introduce their own crypto currency the price will increase in a very large extent , due to paypal userbase

 

[Reznov]

that's possible, paypal can join the competition line with the other platforms at any time, that's not an impossible thing, but, will it keep its high transactions fees like before?

 

[wakygrace shammah]

i think it will take time. they just made entry into crypto

 

[Niftyicon]

that's possible, paypal can join the competition line with the other platforms at any time, that's not an impossible thing, but, will it keep its high transactions fees like before?

Good question! The transaction fees for their crypto services will determine how well people will use their crypto platform for their businesses.

 

[Wisdom01]

that's possible, paypal can join the competition line with the other platforms at any time, that's not an impossible thing, but, will it keep its high transactions fees like before?

I think if PayPal create their own type of crypto currency , i think the transaction fees will depend on the traffic on the network they are using for the coin , it might be either high or low

 

[Reznov]

I think if PayPal create their own type of crypto currency , i think the transaction fees will depend on the traffic on the network they are using for the coin , it might be either high or low

i said that, because a lot of people prefer the alternatives just due to high amount of the fee that users have to pay when receiving a transaction, so i think they will be high in the crypto side as well

 

[Yugocean]

In India, we just have our PayPal amount to bank, people do not wait to buy anything via PayPal. So Paypal may offer Airdrop in India, this might make Indian users to use it more.

 

[Josemendez]

As a cryptocurrency coin , PayPal will still follow the route of other coins and if it has more user then it's fee will also be high because as there will be many transaction request on the network

that's possible, paypal can join the competition line with the other platforms at any time, that's not an impossible thing, but, will it keep its high transactions fees like before?

 

[Wisdom01]

i said that, because a lot of people prefer the alternatives just due to high amount of the fee that users have to pay when receiving a transaction, so i think they will be high in the crypto side as well

Okay is it due to the high transaction fee of Paypal you made the statement ? Yeah if the transaction fee is high people will go for an alternative

 

[Yugocean]

Already people are trying for alternative, if they charge high fees, then who will buy such coin?

 

[Josemendez]

Already people are trying for alternative, if they charge high fees, then who will buy such coin?

They charge high fee on PayPal money but yet people still use PayPal . So is still possible that people are going to use this particular coin if created

 

[Yugocean]

They charge high fee on PayPal money but yet people still use PayPal . So is still possible that people are going to use this particular coin if created

Paypal do not have proper competition, so they have fees model of their own, however if we compare with others like Payoneer and Skrill, these are only good when people use high amount. For low amount, it is always Paypal.
Why will people waste fees in Paypal for high amount currency like BTC?

 

[Josemendez]

Paypal do not have proper competition, so they have fees model of their own, however if we compare with others like Payoneer and Skrill, these are only good when people use high amount. For low amount, it is always Paypal.
Why will people waste fees in Paypal for high amount currency like BTC?

If I can think of any reason , I think it should be the fact that people will want to exchange their PayPal to cryptocurrency directly without going through fiat currency conversion

 

[Yugocean]

If I can think of any reason , I think it should be the fact that people will want to exchange their PayPal to cryptocurrency directly without going through fiat currency conversion

This is possible reason, many people tried to buy BTC via Paypal earlier too. However other processors which have inbuilt cryptocurrency trade, like Payeer, they too give low return in conversion rate, that was why People use currency conversion other way. If PayPal too follow same way, it too become worthless.

 

[Brain]

This is not impossible, when new platforms learn to adapt a Cryptocurrencies, they tend to make their own tokens so this is possible.

You are right. When once A platform adopt cryptocurrency then taking on their own tokens is imminent. So this isn't surprising.