Paypal is a financial technology company based in the US and they provide online payment systems in various countries. Its one of the biggest companies in the segment and they operate in all major countries across the world. They had allowed their users to trade in crypto using Paypal and it was started with the US only early this year. Paypal has a presence in many countries so if they add crypto on their platform then for sure its going to get them more revenue and also more users to the crypto community.
Now PayPal seems to be taking another lead and now they are going to expand their crypto buy and sell services for their users in the UK. We know that PayPal has millions of users and if 10% of users only join crypto for trading or long-term holding then we can surely see the impact on the crypto prices. Its also an indication that Paypal is trying to take a lead in the crypto segment and it could be because they have released the potential. We know that many leading companies have entered crypto and this list is going to be longer in the coming month and years.
PayPal says its foray into crypto is about making it easier for people to participate in the market. “The tokens and coins have been around for a while but you had to be a relatively sophisticated user to be able to access that,” da Ponte said. “Having that on a platform like ours makes a really good entry point.”
With this addition, we can expect much more in the coming days. Now. days market is doing well ad many positive news all around. Bitcoin has crossed the 50k USD mark after 3 months. Not just Bitcoin but altcoins have also started growing and if tesla announces something positive then we can see more positive price movement.
Paypal operates in India but there is no update so far if they have the plan to make it available here however if they continue to increase their crypto portfolio then we can see many big countries added in the list. Coinbase has taken a lead with its IPO and many others are now taking their entry in crypto so this is all that creates lots of excitement and it seems like the year 2022 will be amazing. We are almost done with 8 months in 2021 and the remaining 4 months can be great for crypto once again life we have witnessed last year.
Usually last quarter of the year is the best time than we often see a significant increase in price and hopefully, this year also go the same way.
How do you see this move by Paypayla and do you think it will help the community to grow and add more people in this space. Since this is happening in UK which is a rich country with having strong currency value so I also expect that it will get many big investors in crypto due to this. Any positive move that happens in the crypto space is always good because it anyways helps to get more people onboarded and with the passing months, we can also see more innovation to make crypto transactions easier which is very much needed since e not everyone is so tech-savvy.
Thank you so much