Do You Think Paypal Has An Influence Over The Price Of Cryptocurrencies?

[Good-Guy]

Paypal is one of the most influential companies in the world and it is the most widely used payment processor in the world. In fact, no other payment processor is used as widely as paypal is being used. The problem is that paypal does not conduct business all around the world and it is definitely not at all available in most of the countries. Some Tier 3 countries are supported by paypal but people living in those can only send money, not recieve payments. Do you think that paypal has someinfluence over the price of crypto? I do think that paypal has an indirect influence because a few months ago the price of Litecoin increased when it was integrated by Paypal as one of the crypto you can use paypal account to buy Litecoin.

 

[sincerem]

micro-payment institution online, like paypal can accept the transaction of their paypal cash to purchase LTC. That suppose to take the price of Litecoin so high more than $500 than it is currently. I know their was a point by which LTC reached $371 before it started falling down to more than half its previous land mark. Maybe that's when paypal made such decision to add it to its options to buy with paypal cash.

 

[Sammyesx]

PayPal will be able to influence the price of crypto currency if it start to accept payment in crypto currencies, which will subsequently increase the use of the particular coin meaning increase in the value of such coin, but PayPal is not worldwide, there are some countries that are restricted from using the platform.

 

[sincerem]

PayPal will be able to influence the price of crypto currency if it start to accept payment in crypto currencies, which will subsequently increase the use of the particular coin meaning increase in the value of such coin, but PayPal is not worldwide, there are some countries that are restricted from using the platform.

Paypal have already started accepting crypto, if you have been following update you'll come to understand that you can use your paypal funds to buy LTC if you're from the top country. If your country isn't supported to buy crypto using paypal cash then you can contact a merchant that has LTC then offer him the cash and then he'll share you LTC, that's super easy way of buying crypto using paypal.