- Aug 12, 2024
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Is crypto more popular for payments compared to PayPal now for online payments ?
I understand that cryptocurrency is very popular at the moment.Is crypto more popular for payments compared to PayPal now for online payments ?
Redirect them to buy crypto means ? You ask them to register on some exchange ?Payments in crypto is huge. it really depends on the market. I stopped accepting card/paypal payments in 2019 for all my projects and businesses. Sometimes I still get customers asking to pay with card and I mostly redirect them to buy crypto.
I can see this number increasing in future only. If something bad happens to crypto, then only traditional payment methods can make comeback.50 % 60% of my payments are no on crypto
But government does not give guarantee on value of crypto. They are supporting it as long as the market is shining.There's a lot more adoption for sure. Especially since politics have changed, crypto no longer a bogeyman
Redirect them to buy crypto means ? You ask them to register on some exchange ?
This completely depends on what you are selling online
If you are selling toys, kitchen utensils or makeup, crypto payments will be basically useless
If you are selling digital services, digital products, etc, it can be very important
Crypto is now more popular than it used to be couple of years ago, but it's still nowhere near as popular as Paypal talk more of being more popular.Is crypto more popular for payments compared to PayPal now for online payments ?
I can see this number increasing in future only. If something bad happens to crypto, then only traditional payment methods can make comeback.
But government does not give guarantee on value of crypto. They are supporting it as long as the market is shining.
Honestly, from what I've seen lately—especially in online business and freelancing circles—crypto is definitely gaining ground over PayPal. A lot of people (myself included) have shifted to using stablecoins like USDT or USDC because they’re faster, have fewer restrictions, and you avoid the sudden account freezes or high fees PayPal is known for.Is crypto more popular for payments compared to PayPal now for online payments ?
At least we're not seeing all those lawsuits and SEC regulation anymoreBut government does not give guarantee on value of crypto. They are supporting it as long as the market is shining.