Do you think this can have any good impact on the market?
I'm sure that the news about PayPal having a support to crypto has been long time ago and this isn't a new news.
Well, as for this news, it has a very good impact to the market but, AFAIK this support from PayPal doesn't really support crypto deposits and withdrawals and it's like you're just playing numbers and names on their platform.
But with their TOS on that page and under it, it seems that they're already supporting in and out transactions which is totally a good news.
Yea paypal have had Ethereum,BTC, Bitcoin Cash and Litecoin since 2020, I suspect Bitcoin Cash is still there since it's a legacy coin they'd already set up.
The only update here is the ability to transfer in and out but I've had some pretty rough experiences with Paypal holding funds for days before conversion. At the time I was just testing with 500 bucks of eth for science and I remember it was a least 3 days before I could liquidate.
Not ideal if the market is moving fast, they are more than happy to put your funds on hold for extended periods while they "investigate".