PayPal's stablecoin make cryptocurrencies more accessible to 134 million eBay users

PayPal just launched its own stablecoin. 70% of eBay purchases go through PayPal, which is something you should know. What does this mean for the crypto world?

Read their official news release if you didn't hear the news. But the first report of the change came out on January 8, 2022, so why is this such a big deal? Well, they've said out in the open that they'll work closely with officials to make sure it's legal.

https://preview.redd.it/pk7f6zhmeqgb1.jpg?width=1316&format=pjpg&auto=webp&s=573f5e248b5d2c227755c6d5a7cd4a0add199a6a

Over the past few decades, PayPal has grown at an exponential rate. It now has 426 million registered accounts and does 19 billion transactions worth $1.2 trillion each year. But growth has slowed down. Could this be because people are using cryptocurrencies all over the world? They needed something to get them going again. Stablecoins might be able to stop the drop.

https://preview.redd.it/cki03vfneqgb1.jpg?width=1430&format=pjpg&auto=webp&s=1db8198a6f06172d42bb6d8b4da94f646f3d5bf1

Keeping track of payments costs money. In a recent quarter, PayPal spent $2.7 billion on costs linked to transactions. Juniper Research says that payment theft will cost more than $343 billion over the next five years. PWC says that 43% of scams come from the outside. Stablecoins could make it harder to make fake money.

https://preview.redd.it/ee62gzdoeqgb1.png?width=754&format=png&auto=webp&s=760884f61d70a8fc5ea292b76e276a31017f0904

Cutting costs and growing are both good, but I'm most excited about a huge online marketplace. eBay bought PayPal and revamped it. Its main way to accept payments is through PayPal. Ebay has 134 million users, 1.7 billion ads, and $74 billion in sales. Don't you think people in the real world will see crypto again?

https://preview.redd.it/4msnuyepeqgb1.jpg?width=1462&format=pjpg&auto=webp&s=f2ce4ff9461d322a5ea242182476821ebf8d42c5

Only eBay could use PayPal Stablecoins to move $51.8 billion (or 70% of $74 billion). The stablecoin will be seen by more shop users because more stores that accept PayPal will use it. There might be a way to get small investors interested in blockchain-related technologies. Digital assets like NFTs might be able to be sold on well-known traditional online marketplaces like eBay.