Are there anyone who have practically used PayPal for Bitcoin (BTC) or Crypto?

it is not new for Peter Schiff to degrade Bitcoin, not he is using PYPL to bring down the merits of Bitcoin and crypto; however, the community do not seem to accept.  They are offering wider clarifications.

Peter Schiff Shared: It bodes ill for Bitcoin that shares of PYPL have plunged 25% so far today. PayPal is deep in the crypto ecosystem and one of the top picks among institutional investors looking for established stocks that are poised to ride the crypto wave. It looks like that wave has crashed.

Community Response:  You are getting desperate trying to find bad news. Crypto projects will make PayPal obsolete, that’s why it’s dropping.

You can’t teach an old dog new tricks. I don’t know why you need to be so vocal about your distaste for Bitcoin. Just ignore it and enjoy your stagnant store of value in gold.

I admire your relentless approach to shit-posting on Bitcoin.  What I am noticing however is that more recently you’ve taken to finding very obscure ways to post.

Crypto as a % of PayPal’s business is minuscule, but you’re inferring that the 25% drop is related to crypto.

He’s probably afraid that bitcoin will replaces gold. He is doing like everybody, just chilling his bags. In his way.

PayPal has big problems with its system. Coming from someone whom they locked out of their account for 180 days with no reason, given, and who no longer uses the service. Horrible business. No ability to call customer service to fix the problem. They should go under and down IMO.

Not your keys, not your coin.  It was fiat, but yeah!

I don’t know one crypto person who has ever used PayPal (for crypto) or for that matter talked about it. PayPal is used to buy beanie babies on eBay.

PayPal is the most common payment processor in the independent marketing sector of crypto, which is enormous. Publishers and advertisers want to be paid in cash, not BTC. I deal with these people daily and anyone who offers or accepts BTC in this sector is a laughing stock.

But that’s not using it for crypto, that’s using it for payment that happens to be for a niche part of the crypto industry, and that’s not even transacting in crypto, but fiat. This seems like a HUGE reach to connect PayPal to crypto in this way.

Marketing isn’t a niche part of crypto. It’s everything. It’s a product whose value is solely derived from perception and bringing in new buyers. None of these “gurus” or companies trust it enough to use it to exchange actual value and work. That tells you everything.

So you genuinely believe that the payment processing for the “independent marketing sector of crypto” is such an outsized portion of PayPal’s business that it’s significantly responsible for this drop?

No, not at all. Although like Tesla and other overvalued tech stocks, there seems to be a correlation and similar investor types. I would say Bitcoin is much more reliant on PayPal than the other way around.

What Was the Price Before Pay pal adopted BTC payments? Oh, what’s the price today?

Mate the market cap is tiny and it’s anonymous.  So, easily manipulated and abused. We don’t care. Because we make on the daily. You don’t know how to make dollars. That and we see a future, whereas you don’t. That’s ok. I don’t think this space is good for 99%of new people.

Cold Storage Bitcoin > CashApp Bitcoin > PayPal Bitcoin.

This guy is saying that Tech will fail, on Twitter via the internet.

Well, he’s not making a MySpace page about it and probably not using a dial-up modem. So, yes, tech fails or gets replaced by better tech. That’s the evolution of technology. Bitcoin is entangled with old and inefficient technology with no purpose considering the alternatives.

The opposite of what you said actually. Crypto is devouring all payment means and will replace them. PayPal has done Bitcoin and crypto shall rise.