The Looming Existential Crisis for PayPal
Cryptocurrency might not be taking over the world. One thing it is doing is bringing in a new age of cheaper payments.
The digital world long has favored high transaction costs. The biggest of this is PayPal. This multi-billion dollar entity makes a fortune taking a little bit on each transaction. It also charges merchants a fee to have the service. Hence, PayPal collects on transactions, both large and small.
This could be coming to an end. Not only did Bitcoin present a new, low-fee system, others are following suit. This could spell doom for PayPal which is trading near an all-time high.
crypto will take over
When will crypto take over?
I think it's the natural progression. Tech companies always need to move with the time, or they get left behind. Paypal will be one of those.
Yes and PayPal has been acting like a dick lately so they deserve some punishment from the market.
Initiative Q is building a new payment network and giving away significant sums of their future currency to early adopters. It’s by invite only and I have a limited number of invites. My personal invite link: https://initiativeq.com/invite/rIX8R0qN7
Well ebay have already decided to ditch PayPal...their fault for not getting aboard the blockchain train
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