28 July 2020

PayPal & Crypto Capability from a Paypal Insider

Paypal’s potential entry into the cryptocurrency market by offering the buying and selling of BTC on their mobile app and platform with their 325 million active users, could drive a 12k+ price rally with BTC.

PayPal & Cryptocurrency Functionality

Paypal already plays in the cryptocurrency space a little, by allowing the withdrawal of funds through their app with crypto exchanges like Coinbase. However, this crypto activity has been minimal compared to their potential next moves. Not only will this upgrade the long-lasting relationship between Paypal and Coinbase, but it will open up the platform to direct crypto sales from a range of exchanges – including Bitcoin.

By giving its 325 million active users cryptocurrency wallet functionality to buy, sell, hold, and transfer crypto in an app they are already familiar with, Paypal will drive massive, compounding incremental volume into the market. This influx of capacity from new crypto users will need to be supported by proper liquidity and infrastructure within the major crypto exchanges.

How will PayPal source liquidity?

Crypto Market Marketing and Crypto Liquidity Providers are more important than ever to this rapidly maturing capital market, which has and continues to explode in regards to its volume. Crypto Liquidity Providers facilitate proper trade execution to prevent price slippage and make the users’ experience of trading and investing in crypto a much more appealing and exciting, and more importantly, routine process.

Seaquake’s market-making and liquidity services help support the ever-expanding trade volume by offering crypto exchange-wide market-making solutions utilizing our institutional-grade trading and data collection engine.

If PayPal does indeed enter the market, they will need to source liquidity from top exchanges, which are already struggling to maintain their liquidity. Seaquake’s technology will expand liquidity services across multiple exchanges for high-volume coins, further strengthening the market’s infrastructure, liquidity and overall volume. All PayPal user volume is very welcome in the market, but exchanges need to be prepared to support the required liquidity in this rapidly growing market.

It will be interesting to see how this PayPal news plays out as they continue to staff their Blockchain team. We imagine this cryptocurrency integration would be a huge revenue stream for the company and would have fantastic benefits to the cryptocurrency market.

PayPal and Bitcoin

Also worth noting, is that over 200 million global merchants accept PayPal. Next step, buying Bitcoin instantly and adding Bitcoin to PayPal’s checkout flow as a merchant funding option, ultimately making it the mainstream currency it sets out to be.

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