/biz/ - Business & Finance

>>23419869
random free apps on your phone don't carry the same weight as the paypal name does

a normie does not trust random apps

>>23419936
>>23419951
this. plus most people already have paypal, even the normiest of normie who doesn't what what a digital bits coin is

>>23419936
>>23419951
didnt stop them from using robinhood
you are just coping

The pump is not because of paypal. It's because BTC is running out. I'm sure you have at least 1 op. Think

it's okay bobo, it's over, please be graceful in defeat

>>23419869
it's not about giving access to normies faggot it's about opening 26m merchants to crypto purchases.

You will be able to buy from steam , air tickets or basically anything that has paypal with btc, ltc , eth or bch.

>>23419987
yeah buy anything using a volatile speculative "asset", excellent idea

>>23419972
Also this, exchanges are losing like 60k btc per month , about 8% of the supply is in exchanges and collapsing as people move it to their wallets.

>>23419987
HOW MANY TIMES ARE YOU GOING TO SAY THIS LIE
YOU DONT BUY WITH BTC
YOU BUY WITH USD
THEY ACCEPT USD
AAAA SOME PEOPLE ARE SO FUCKING RETARDED
YOU COULD ALREADY SELL BTC FOR USD FUCK
FUCKING /BIZ/

>>23419987
and? How exactly will they increase the value of btc, ltc, eth, whatever? it's not like people are going to now go out of their way to buy crypto just so they can then buy fucking steam games

>>23419963
robinhood is not a random app lol

it on

>>23419987
>it's not about giving access to normies faggot it's about opening 26m merchants to crypto purchases.

They could already deal in crypto if they wanted

>>23420009
Millions of people live under capital controls and can't access credit or debit cards.

This is a massive market , how do you think bitpay survived all this years?
Paypal lost a massive market due to this, also i bougth lot's of time using crypto it's pretty easy

Argentinean pesos > local bitcoins > bitpay merchant

All of this under 3 minutes once bitpay got the transaction even if unconfirmed the payment was accepted.

>>23420014
>ANGRY CAPS
Someone needs a shoulder rub

>>23420032
crypto.com is not a random app lol

>>23420064
>muh banana republics
here we go again

>>23420064
wow cant wait for the Argentinian money to roll in
I dont think the whole country of Argentina could buy a 1 bitcoin

>>23419869
normies don't trust those apps but everyone more or less trusts paypal

>>23419869
You’re a flaming retard if you think people are actually going to spend Bitcoin buying food or video games or eBay shit

Anyone who buys and owns bitcoin is holding it as a speculative hedge against fiat - they are not looking to spend it. They think it’s their saving grace. Their way to millionaire lifestyle.

This is literally fucking useless.

“OHMG PAYPAL I CANT WAIT TO SPEND THE BTC IVE BEEN HOLDING ON SNEAKERS AND CHOCOLATE”

>>23420014
No retard you buy with btc and the merchant get usd.
It's paid in bitcoin and settled in usd , increasing both demand for usd and crypto in the process.

>>23420027
More fiat entering the market to do purchases settled on usd from nations with capital controls.
This increases both this 4 cryptos demand and usd demand as it's settled in usd.

>>23420049
Most merchants don't care a massive ammount do specially relating to international transactions like digital goods , yatchs , or things were chargebacks are a disaster.
This is how bitpay survived and thrived all this years , paypal is now going to compete with bitpay.

>>23420071
it is tho
robinhood is a normie app and crypto.com is not
don't be a retard

>>23420112
retard

it's about normies BUYING crypto, not about hardcore autists SPENDING it

>>23419869
Whatever nigga. Told my normie group chat and every single person in it said "Nice, I'm going to get in on it". GBR INCOMING NIGGA

>>23420141
>paid in btc
>btc gets its value from USD
>merchant gets USD
no you just used usd bundled and renamed to btc
>>23420161
robinhood started as a no name app
whats the difference?
people give a shit about stock trading on a phone they dont give a shit about crypto

>>23420081
>muh banana republics

Most of the world population is outside the swift system , outside the sepa system, outside credit cards or debit cards.
This is a massive market the possibilities are massive and the risks lower to none since chargebacks disappear.

>>23420102
it's not about money pumping it's the velocity of money of this 4 cryptos + the usd increasing due to the demand of this new market.

This is an entire new market , the usa also just fucked the CBDCs shit from china & the eu since the crypto adoption will allow for capital flight from those CBDCs.

You will literally be able to buy gold in every place paypal is accepted with crypto lmao.

paygoy bros....we got to cocky....

>>23419869
It's one huge bull trap. Btc will be below 10k eom.

>>23420207
>no you just used usd bundled and renamed to btc

You are mixed concepts paypal announced they will offer two new services.

1_Payment gateway for this 4 cryptos

2_Crypto hold / investments for us citzens.

The second you are right the first is pure crypto, stop mixing concepts.

>>23420250
you dont even KNOW they hold btc
you dont get the private key
they could just sell you nothing with a value they set
not your private key
not your btc

>>23420213
>Most of the world population is outside the swift system , outside the sepa system, outside credit cards or debit cards.

Because America wants them out? North Koreans and Iranians won't be allowed in

>>23420311
>Because America wants them out? North Koreans and Iranians won't be allowed in

I am talking about Indians, south americans, europeans outside the eu , most of the middle east & turkey.

In some places swift exists but only for the rich and same for cards.

>>23420285
Yea you have to be a retard to hold crypto there , the important thing is the payment gateway.

You will be able to spend crypto on 26 million companies directly from your trezor so stop sperging.

>>23419963
>>23420009
>>23420014
>>23420027
>>23420049
>>23420112
These people/this person will stay broke while everyone else makes money because they understand the economic shift that's happening. When it's over, they will not learn anything from their mistakes, and will continue to act like total fags while the rest of us that know keep making money. We're laughing at you now, we'll be laughing at you then. Enjoy your miserable existence

>>23419963
Robin hood is known to be limited to millenials. Paypal is popular with people with money

>>23419869
if jews werent deplatforming white nationalists from paypal, this wouldnt be big news. but they are, and if you still have paypal id be buying up some cheaper coins

>>23420362
>You will be able to spend crypto on 26 million companies directly from your trezor so stop sperging.
NO YOU WONT
YOU CAN ONLY "SPEND" CRYPTO PURCHASED ON PAYPAL TO TRANSFER IT TO USD AND USE THAT TO PAY
>>23420374
Millennials are the only ones with any interest in crypto
Boomers with money wont give a shit about your internet coins

>>23419869
People already trust paypal with their money, linked to their bank account, linked to their credit card, etc.
The barrier to entry into crypto isn't "how" to buy it (although ease of entry is part of it).
The main reason most people aren't into crypto is because they think it's a shady enterprise and are suspicious of unfamiliar banking businesses and exchanges providing onramp services.

I bet they'll have an even worse exchange rate for crypto than fiat

>>23419869
>Its not fucking 2013 anymore my mom could buy crypto if she wanted to.
when I read shit like this i realize why tards like you are so poor. your such an npc you literally dont have the ability to think outside of your narrow millenial-zoomer fagosystem

normies dont sit around contemplating "how would i get crypto, should i download a wallet" etc....someone will just say "i will paypal you the bitcoin" and they will say "ok, i have that app"

anyway dummy, this also implies paypal is going to have to add btc to its balance sheet for its treasury reserves....so more out of circulation

>>23419869
COPE and Seething

>>23419869
Don't hold any crypto (but do hold alot of shares in PayPal)

Sounds like your coping for some reason? This is actually very large news. This makes the ownership of crypto in the normie verse very easy.

Plus, without a complicated wallet function, users can use bitcoin to pay merchants around the world.

You are literally brain dead if you think this isn't big. Again, I don't even hold crypto and think 95% of it is ponzi bag holders copin on this board lol.

>>23419869
Im actually really happy about this. For some reason, my debit card doesn't have a number in the back so most sites won't accept my card. Now with paypal I can finally buy bitcoin and stop having to go trough a middlemen that accepts paypal.

Thanks biz for informing me, I will be making threads as soon as I see gains/losts

>>23419869
how much crypto will gaypal steal from the normies with suspensions?

>>23420049
Actually, as a paypal merchant. I don't accept bitcoin because its quite difficult to implement securely and timely. Plus bedding it into USD is a pain the ass without a lot of currency risk.

Go work in a cage.

>>23420370
unbelievably based

>>23419869
The Paypal news is merely a convenient excuse for whales to pump the price

>>23420407
>YOU CAN ONLY "SPEND" CRYPTO PURCHASED ON PAYPAL TO TRANSFER IT TO USD AND USE THAT TO PAY

https://twitter.com/PayPal/status/1318930120523087873

"And coming soon pay with crypto at checkout"

>>23419869
because normies don't know these apps, plus these crypto websites require lots of kyc bullshit and don't allow easy payment transferring like paypal does. Also paypal already has the network of millions of merchants, websites and compatible interfaces like square.

>>23420516
And i'll also add, it's VERY easy to link your bank or credit card to paypal, literally takes under 5 mins. Most people already have a paypal account or have a large portion of their finance information shared on there.

for the average ameriburger, this is unironically a big deal.

>>23420233
The cope is real. Will you finally FOMO in once it surpasses 15k?

>>23420221
So, basically robinhood of crypto

>>23420221
This makes perfect senes btw, from a provider such as PayPal.

The vast majority (infact I'd call it the absolute) will not be buying crypto to transfer it out. Because there will be fees involved.

This is simply, allowing easier access to use crypto payments away from wallet based systems. Most normie cannot use a wallet, and are extremely sus of that sort of thing.

>>23421045
yes.
what some the tards dont get is this is going to normalize digital payments in the traditional underground economies....

1. want to buy dime bag
2. send btc to seller
3. get dime bag
4. sellers problem to deal with legal / tax / kyc issues

there are a whole class of issues that this solves. tards that are hyperventilating about "NOT YOUR KEYS" are so stupid that they deserve to be poor forever and then be organ harvested .

Imagine not thinking PayPal adopting crypto is an absolutely huge deal

>>23419869
cope

How does buying stuff with crypto work in terms of taxes?

Do you just pay the taxes in the price of the item itself or?

>>23421374
you'll be paying taxes at least 3 times per transaction
First for transfering BTC from your wallet to paypal
Again when you transfer your BTC to USD since that's the only way to take money out of it once it's there
And a finally sales tax

Anyone who falls for this scam is a literal mong

>>23419869
Yeah the idea is to get people who aren’t already interested into crypto. How else will my bags get pumped?!

>>23420047
>Also this, exchanges are losing like 60k btc per month , about 8% of the sup
kek

>>23419869
That wasn't true for me, I only got into Crypto because I needed to use a Skrill Account and they had a new Crypto feature, started buying instead of just having the money sitting there until I realized I technically don't own it and I can't move my crypto and then got into it more and more, now I have all my shit in crypto and I don't even use Skrill anymore.

>>23422161
All of that would be done within minutes and wouldn’t be taxed or taxed so infinitesimally small that it wouldn’t matter. You sound like a retard because you don’t even know how the taxation works. You get taxed on the gains of transferring from BTC to usd. If you don’t make any gains you’re not getting taxed on it. Brainlet.
>inb4 tax nightmare
Plenty of tax algorithms that calculate it all for you. Dumbass.

enceladusnetwork.com/

TG that called: @uniswap_gem_collectors

already has litepaper, and on coingecko.

https://www.coingecko.com/en/coins/enceladus-network


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https://unicrypt.network/uniswap-browser/pair/0xe5057889a697B0D857819223968421ea92eF9A51

-no minting

Website:

www.enceladusnetwork.com/

already has amazing website with an actual usercase! White paper already out!

Uniswap link: https://uniswap.info/token/0x20211ab9388781532fece6c57347a0004a420f16

Swap link:
https://app.uniswap.org/#/swap?inputCurrency=0x20211ab9388781532fece6c57347a0004a420f16

token address:
0x20211ab9388781532fece6c57347a0004a420f16

>>23422323
>You get taxed on the gains of transferring from BTC to usd
you also get taxed on any wallet transfer, retard

can't wait for the IRS to crack down on you literal criminals

>>23419869
You need to prove you actually live in your own house and pay your own bills before buying crypto
fuck that, fuck off

>>23423114
normies live to share their info

robinhood and etoro already does this, wut.

buy crypto don't over analyze just buy buy buy pump it. Everything in finance is a scam just pomp eet and escape the Jew

>>23419869
You don't get it. Boomers are coming.

>name recognition
>can actually cash out (as long as you've done nothing to anger pp and are ready to pay the taxman)
Cashing out securely is a huge deal. I hate myself every day for never buying BTC in 2010 and it was all because there was no reliable way to cash out.