How many users will take advantage of PayPal’s Crypto at Checkout feature? Skepticism is warranted, given the technology’s track record in commerce, says CoinDesk's Executive Editor.
This week, the global payments giant announced that it had begun letting users in the U.S. pay for things online with cryptocurrency. “We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants,” CEO Dan Schulman told Reuters.
Transitional is an apt word to describe the situation, especially for anyone using crypto with PayPal. Since last fall, the company has been allowing customers to buy or sell bitcoin (BTC, -3.29%), ether (ETH, -4.5%), and a few other coins, but not do much else with them. Not even withdraw them from the platform, or deposit crypto they already owned.
[Crypto as a Payment System? Here We Go Again]
(https://www.coindesk.com/crypto-as-a-payment-system-here-we-go-again/)