According to the survey conducted by Mizuho Securities, after Paypal adopted cryptocurrency to its platform, almost 20% of Paypal users have traded using its app. And it was stated on the survey that there has been a remarkable increase of 50% in the use of the Paypal app by PayPal bitcoin traders after beginning to trade bitcoin.
More details here:
https://crypto.co/technology/almost-20-of-paypal-users-trade-bitcoin-using-the-app/No one is going to believe it, that number is simply too high and since we do not seem to have any indication about the methodology used to conduct the survey then we must be very suspicious about the results, you just need to use your common sense and you'll see that this is nothing more but an announcement to try to make it seem as if there is a huge interest coming from the PayPal user base in using their app to trade bitcoin.
And when you add that PayPal is always in control of their funds and that those people cannot really get their bitcoin out of the platform then I think it is very safe to say that those people are not trading bitcoin, they are just trading a bunch of numbers on a screen believing they are trading bitcoin, at least the centralized exchanges that we have allow you to withdraw your coins to a wallet of your own but this is not possible with PayPal.
dealing with crypto in paypal is really far from what we actually do in crypto exchanges. the numbers presented during this survey is really not reliable, imo. we dont know where those numbers really come from. but lets be grateful that with this paypal's move, some noncrypto users who are paypal users got interested in checking out crypto. i am more then positive, that if these users learn more about btc or crypto, they will not use paypal's crypto services ever again. so what we can get from this situation - - more crypto users, which is good for the crypto market. thanks to paypal!