- ‘When PayPal?’ is set to be the mantra for crypto believers in 2021
- The company’s new crypto project is starting out with only four tokens
- With 286 million active users, shitcoin fans will be clamoring for a PayPal listing
For years it was ‘when Coinbase?’. Then it was ‘when Binance?’. With the announcement that PayPal will launch their new crypto offering by listing Bitcoin, Bitcoin Cash, Litecoin, and Ethereum (one can only imagine what the XRP army is feeling right now), it is inevitable that ‘when PayPal?’ is going to be the mantra of 2021.
PayPal Listing Will Offer Exclusivity and Audience
The reason why a PayPal listing will be so sought after is identical to the logic behind the desire for a Coinbase listing – exclusivity and audience. Coinbase was, and in many ways still is, the best on ramp for beginners, the easiest way for those new to the space to gain exposure to the cryptocurrency market.
Like them or loathe them, Coinbase makes it easy for beginners to purchase, hold, and sell cryptocurrency. Heck, they can even move that crypto in and out of the platform if they want to, which is something that PayPal crypto users won’t be able to do. And Coinbase started out with a minimal audience. In contrast, everyone knows who PayPal is.
For years, Coinbase only offered Bitcoin, adding Ethereum and Litecoin in 2016, and persevering with these three all the way until December 2017 when it added Bitcoin Cash. This combination of exclusivity and an exploding user base saw fans of various projects clamoring to get their project listed in Coinbase, to become one of the chosen few, in the assumption that the platform’s users would rush to the token and bump up the price.
Shitcoin Peddlers Are Warming Up Their Keyboards
Since the Bitcoin Cash debacle, which saw it sued for insider trading, Coinbase has taken a different approach to listing tokens, eliminating the ‘exclusivity’ vibe for good. However, by starting out with only four tokens split between 286 million active users, it’s easy to see why a PayPal listing is going to be the most sought after by crypto fans.
Because of its desirability, ‘rumored PayPal listing’ will inevitably become a marketing ploy for unscrupulous projects. There is no saying that PayPal will even have the desire to add to its platform, and it certainly won’t publicize the criteria behind its decision making. However, that won’t stop shillers from flooding PayPal’s twitter account with reasons why it should list their pet shitcoin over and over again.
Look out PayPal, you have been warned.