It is a good news for crypto adoption worldwide and I see opportunities that cryptocurrency can solve the charge back problems on PayPal.
Is it a good news for worldwide crypto adoption or is it good news for PayPal adoption? Because it doesn't really look like we're helping
crypto much in this case..
It is good for both paypal and crypto I guess since there will be people that would look for crypto in paypal if this happens, more likely we will be seeing a bunch of newbies in the crypto scene, the opening would be the paypal. The most negative I can think of about this is that scammers now will use paypal as their front, so we need to spread awareness as early as now to prevent any conflicts between paypal and user/new user. This might also be the eye opener for those who are using conventional currency such as fiat, once a known and giant company opens this, it would be trending.
The only positive side is that you'll most likely be able to purchase BTC even as a complete newbie, and way easier than having to go through the pretty high amount of hassle you have to go through when learning about wallets, seeds, keys etc. But otherwise, this piece of information doesn't get me excited even a bit.
I think we already have enough people for this, knows what the importance of wallet, hardware and software etc. We are just expecting a bunch of newbies that will probably use paypal for storing crypto they will offer. As much of a local wallet, what do you think?