Cardano does not need PayPal (CRDNS pool)
7 min readOct 26, 2020

Cryptocurrency gets to the point where banks and traditional financial private sectors have begun to integrate public blockchain into their centralized infrastructure. We can see rather negatives and nearly no positives.

Why did PayPal enter the crypto-space?

In October 2020, payments giant PayPal announced that it will allow its 346 million users to buy and spend bitcoin and a handful of other major cryptocurrencies. Is this really the way of adoption that the crypto community would like to see? It is not so obvious and it depends on the ideology of individuals. The math seems to be simple. The big payment player entered the crypto ecosystem so it means adoption and the adoption will bring the rising prices of cryptocurrencies. Maybe the math is not so straightforward and maybe it is not only about the price.

PayPal operates a worldwide online payment system that supports online money transfers and serves as an electronic alternative to traditional paper methods. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges fees in exchange for some benefits. You can find a few PayPal fee calculators on the internet and if you try them you can find how much the payment giant charges. For example, if you send a $1000 transaction in the USA you will…


-- (CRDNS pool)

Proud Cardano ambassadors Jaromir Tesar & Lukas Barta. Operators of Cardanians pool with ticker #CRDNS — stake with us!