It’s no secret that PayPal has been interested in cryptocurrency for a while now. The payments giant has been exploring the use of digital currencies for several years, and has even filed patents related to blockchain technology and cryptocurrency.
So, it’s no surprise that PayPal is considering adding Ethereum to its platform.
Ethereum is the second largest cryptocurrency by market capitalization, and it’s one of the most popular cryptocurrencies in use today. PayPal allowing Ethereum to be used on its platform would be a huge boost for the cryptocurrency.
It would give Ethereum more exposure and make it more accessible to people who might not otherwise have invested in it.
There are some risks associated with allowing Ethereum to be used on PayPal, however. For one, Ethereum is much more volatile than other currencies, so there’s a greater chance that its value could fluctuate wildly.
This could lead to people losing money if they’re not careful. Additionally, there’s always the possibility that hackers could Target PayPal in an attempt to steal Ethereum from users’ accounts.
Overall, though, the benefits of allowing Ethereum to be used on PayPal seem to outweigh the risks. It would be a major coup for Ethereum, and it would likely lead to more people investing in the currency.
Whether or not PayPal ultimately decides to add Ethereum to its platform remains to be seen, but it’s certainly something that they’re considering.