PayPal digital currencies adoption to alter industry

According to Dolan, PayPal's announcement is a huge signal that traditional banking is now turning an eye to alternative financial mechanisms.

Digital currencies are what payment services will be focusing on from here on in, Dolan believes.

Speaking to CoinTelegraph, Dolan said that crypto adoption will increase and that digital currencies will have more value in traditional markets.

PayPal's wide reach and 34million active users is definitely a good first step, Dolan believes.

Adding Bitcoin on PayPal would not only boost awareness, but also boost usability and driving BTC's inherent value, Dolan says. She is not alone to endorse the trend.

Mati Greenspan, the founder of Quantum Economics, feels equally convinced that crypto currencies would move into real-world payments, granting these digital assets the status they always wanted to claim.

Some have been more reserved towards the development and what it actually means. BTC developer Jimmy Song has said that it would definitely have a good impact on currencies, but not really change much.

According to him, PayPal would make purchasing assets such as BTC and altcoins to gamble with much easier, but that would be about it, he says. Yet, there are plenty of projects out there right now that support BTC gambling.

Those include Bitcasino.io, FortuneJack, and 1xBit to name just a few worthwhile places where you can spend your newly-purchased BTC and potentially obtain bigger rewards.

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Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.

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