Quote from: Desscount on Today at 01:47:47 PM

Quote from: Emily Perkins on November 13, 2020, 09:25:57 AM

Since PayPal just announced that crypto trading and payment services went live in the US, do you think PayPal may turn into a big competitor to existing cryptoexchages? They can also launch a crypto-currency trading desk as well, why not.

The opportunity does exist, but for now paypal is still focused on promoting cryptocurrency on their platform,
it is not easy to make an exchange platform, because we know there is Binance which is its main competitor.

Paypal is by any means NOT promoting cryptocurrency at all they just going to reap the benefit of adopting cryptocurrency as well as increasing their user base coverage to crypto community which holds tremendous amount of people and it's just happen that cryptocurrency got more exposed to the world because of the news about the adoption by paypal. Not that I'm skeptical but paypal will more likely to do just that, being a payment processor is always their goal and I don't think they ever gonna be a crypto exchange. Big corporation like paypal usually restrained with complicated regulation which is why they gonna think twice before switching over to provide exchange service.