Paypal is one of the largest companies in the world when it comes to sending money
With more than 600 million users in the world, it is the giant of internet payments.
its ease, comfort and guarantee makes many users love to use this company to make their payments
to date paypal accepts almost every type of fiat currency out there, but a rumor has emerged that it will accept bitcoin in 2021
Impressive right? but according to my sources this news may be false and we are going to present some simple reasons
Why do we think PayPal is not going to accept bitcoin yet?
Well, first of all, paypal has already said in the past that it had no intention of adding bitcoin to its network, due to the amount of money that can be laundered. It can be quite a serious problem for them in addition to a higher workload than they already have
The second is that PayPal is an American company, and to date, the American government is not very willing to accept cryptocurrencies, therefore PayPal will not be against its government
The third reason is that bitcoin is not stable, I mean, the price can go up and down quickly, this leads to many people within Paypal being able to use their services as exchangers and overloading the network, having to expand it with the economic cost that it entails
I personally would love for PayPal to accept bitcoin
Points in favor for PayPal to accept bitcoin on its platform
On the one hand, our team thinks that if PayPal can accept bitcoin if they consider it well they can earn a lot of money
We know that in the world of bitcoin, commissions are the order of the day, and if you put commissions on transactions you can earn a lot of money
They will also gain many new users and especially many active people, since users who use bitcoin use other platforms to sell and buy bitcoin, some of them of dubious reputation, but if we add cryptocurrencies to paypal, all users of the bitcoin world will join PayPal or use it again, since the trust of this giant is worth a lot!
Well, we believe that it will not succeed, since the expenses and problems may be greater than the benefits they can generate,
anyway we will have to wait for official news from paypal and see if they really implement it