“PayPal's crypto unit is experimenting with smart contracts, and testing Ethereum and other blockchains as potential candidates to help the company improve payments and other transactions.” Source:
twitterIs this news gives a posetive effect on crypto, what do you think? If PayPal has made Bitcoin and Ethereum as a means of payment, I think 10% will increase the price of Bitcoin and Ethereum. Even though PayPal is the largest payment platform, most PayPal users are already using crypto earlier. This means that there are not too many additional crypto users.
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Not sure if they have lots of crypto people around their service, Paypal creates impact when they announce their support to this sytem and for sure until now they are bringing new traders and investors.
Those who don't have any idea regarding to crypto who trust Paypal might gather interest to learn more about crypto.
It will always positive, the more people to support this system the more adoptions will take palce.