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/I keep wondering how this PayPal Bitcoin trading of a thing looks like lol, I don’t live in the US so I can’t really tell. But the question I have in mind is whether PayPal will be good for day to day trading?
If you buy and sell Bitcoin multiple times in a day wouldn’t your account be marked as a suspicious activity and blocked for that reason?
I think PayPal will be much better if you’re someone that has plans to buy the Bitcoin from them and then hold it for long. And from the news I have seen everywhere it’s not cool that people don’t control their asset on a 100%, doesn’t seem nice to me.