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If you meet our requirements and want custom flair, click here. Khan Academy on Bitcoin Free Course. OC ryze. It's interesting because Cash App is Bitcoin-only, but Coinbase and Robinhood let you buy several cryptos.
Some people might be slightly interested in crypto, but don't want to buy 0. People tend to underestimate the psychological effect of having such a high BTC price, and I for myself cant wait until we measure things in sats.
I believed it to be in the high single digit millions, max 10M maybe. Thats actually quite impressive by itself.
I always like to note in my mind when I notice companies inadvertently maybe incentivize false user growth. I know a lot of guys whose wives have coinbase accounts but would not know what coinbase is if you asked them haha.
Edit: not accusing anything here, but when user accounts are free to set up and have a reward I just wonder how much that cushions counts. Jack Dorsey is committed to helping underprivileged people.
You happen to come into additional money you are fixing to invest it's not an accident that CashApp clearly creates two choices stocks or Bitcoin how many stocks are there to choose from?
How many Bitcoin are there to choose from? The difference there is drastic and if all you're looking at are the ROI historicals then Bitcoin is as strong as anything over the last 10 years.
Just my two cents on why CashApp is set up in this fashion. For the average person, Venmo satisfies everything that crypto does. One of the interesting things about this announcement is that it might eventually be a way for Paypal to avoid paying fees to banks or credit card companies, which might be a fairly large expense for them.
I would be interested to see if they offer cryptocurrencies that have fairly low transaction fees. Good point, but why not simply use a stable-coin then?
It serves the same purpose -- but is faster and cheaper to transact. Yeah but, Bitcoin wasn't created for instantaneous transfer, it's just a feature.
It's meant to be a financial system based on proof of work. I trust Bitcoin will retain it's value more than I trust the US dollar will.
It's not unfortunate that venmo fulfilled that need, it onboarded a bunch of people to a new paperless method of transfer. Bitcoin is there to fix the original problem - the US dollar is manufactured and manipulated by governing bodies.
Cash is most anonymous, centralized bank wires are fastest. And bitcoin has the soundest and most immutable monetary policy I. Cumbersome ACH transfers, fees, etc.
Also the security infrastructure has to be unbelievably expensive to maintain, so I feel like companies like them would be VERY interested in decentralized ledger technology at the very least but crypto transactions being the new currency exchanging hands is the next logical step.
Until payroll software and tax guidance from the gov make it seem less for most employers to pay in crypto, it will be a niche market for those purposefully avoiding banks since it takes an extra step to convert.
It's beta on playstore. You can select by exchange and pair an arbitraging between exchanges without interacting with kyc or those exchanges.
Interesting the names are almost the same. Nano fanboys make me laugh with their "instant and free" claims. Why would I use Nano if Ripple is more developed than Nano?
XRP takes secs per transaction and costs you fractions of fractions of a penny. Nano is going to die eventualt, the only thing good is the Natrium wallet.
What exactly is so much further developed about XRP? And it's still not feeless and slower too lmao. You've got a lot to learn. What do you do with the second you save using Nano lol?
And youre probably the type that sticks his hand in a port a potty toilet to save a penny that fell in there lol.
Ripple is more connected with the banks. Nano is still in the dark ages. Bitgrail was a badly executed exchange that was hacked not the protocol.
You are embarrassing yourself. Still waiting on the so called advantage in development of XRP btw. Why can we not make a Venmo-style bitcoin app?
Venmo doesn't process transactions immediately either, but the UI makes it appear so while the bank transfer takes a few days. If we designed a Venmo-style app using bitcoin, couldn't we achieve everything Venmo acheives?
In all seriousness, to compete with venmo you would need to get some funding to allow people to pay a fee for auto withdrawals.
But theoretically it could all work, I don't see why it hasn't been done yet. Agreed, in that you are 'sending money instantaneously' and super easily.
It still does take a day or two for you to cash out and have that hit your bank account though. If crypto has taught me anything it's to take non-confirmed news with a grain of salt.
It's too early to be too excited. Nuff said, I remember hearing some news in about Ethereum switching to proof of stake, I thought it was right around the corner.
There isn't. Paypal is hiring their first block chain expert, that is all we know. Looks like they are just dipping their toes into this and want to evaluate the possible potential this technology could bring for their company.
It seems far fetched to expect that they'll actually intergrate any crypto in their app for everyone. Glad to see PayPal delving into the crypto side.
This is despite Dan Schulman being a skeptic as its very volatile. But ultimately you need to offer as many features as possible.
I expect PayPal to also add Acorns kind of features and may be even Fractional trading as well. If Libra is able to get past regulators it will be so big that US Dollar will be worried.
I am still invested in FB for a while now. While it has not done as well as say AAPL, it still has huge potential.
FB Messaging rooms, live video streaming in IG are all big moves. I am expecting Oculus to also continue to play bigger role. AR glass and next gen Quest should help big time.
While I believe in BTC coming back, its very risky to be just on crypto which is still on the fringe and has huge regulatory risks.
So I feel its better to diversify. With interest rates being zero I dont see a point in investing in bonds I have some international bonds in K.
At million transactions per year, it would take about 40 years for everyone on Earth today to do 1 transaction. Coupled with its userbase, this could be pretty disruptive to some.
I'm curious to know if it will be possible to cash out cryptos with Paypal in Australia and other countries not as supported by Coinbase. I was thinking that, yeah.
Having a linked account option like that on hand would be gold. My thinking is that the banks lose too much control if this happens. So perhaps they will stop it happening..
Just my opinion. If PayPal can take a meaningful share of in-store shopping, where it hasn't had a big presence historically, that could bolster its position among rivals.
PayPal is also trying to make itself stickier with consumers by adding more services to its wallet. For example, it now enables Venmo users to directly deposit their paychecks into their digital coffers.
It is in the process of rolling out bill payments and new ways to manage rewards points. One headwind is that one of PayPal's most historically lucrative added services, lending, is a drag right now.
PayPal's core operating margin expanded by more than 5 percentage points in the quarter from a year earlier. The company said it would invest that in new growth.
That takes the added income away from shareholders for now, but doubling down and giving retailers and consumers reasons to permanently change the way they pay and do business is the right move.
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