Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Cri...

Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Cri...

The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments giant’s move will lead to greater adoption cryptocurrencies. Nevertheless, the analysts believe such a move will not lead an immediate improvement of the company’s bottom line. In a note, the analysts explain that the move “should expand crypto acceptance online, which to date....


Related News

PayPal’s Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan...

There may be more upside for crypto than for PayPal's earnings, researchers wrote.

Winklevoss-Founded Crypto Exchange Gemini Hires Former Morgan Stanley Exec

The U.S.-based cryptocurrency exchange has tapped a former Morgan Stanley executive to head its compliance operations in Asia.

Morgan Stanley Report Issues Predictions for Blockchain in 2025

A new Morgan Stanley report aimed at assessing whether blockchain is a threat to big banks agues that the short-term benefits of the technology are likely minimal, but that future growth is likely. Published yesterday, the report features a timeline of when Morgan Stanley predicts certain blockchain milestones will be reached. Culminating in 2025, Morgan Stanley identifies 10 roadblocks to banks integrating blockchain. However, the report includes language that suggests the global investment bank may be seeking to understand how blockchain tech may impact its portfolio or perhaps its own....

Morgan Stanley Claims Blockchain Still Has Obstacles

The giant corporation Morgan Stanley, a multinational financial service provider who focuses on wealth & asset management, has recently released a paper on blockchain technology. The report titled Global Insight: Blockchain in banking – disruptive threat or tool? explains the protocol will be a disruptive economic tool in the future. Despite knowing this, the firm says it will be quite some time before it affects legacy institutions. Global Insight is directed mainly at “sophisticated investors only” and gives a detailed description of a vast array of market analysis and financial....

Will PayPal’s crypto integration bring crypto to the masses? Experts answer

Experts in blockchain technology and crypto take on the question: Could PayPal’s crypto integration help mass adoption? One of the most discussed topics within the crypto community recently has been PayPal’s announcement that its customers will be able to buy and sell cryptocurrencies. The service is expected to be fully rolled out early next year.The company’s goal “to increase consumer understanding and adoption of cryptocurrency,” as stated in its press release, seems to be a needed step in cryptocurrency popularization. Mainstream awareness of crypto still remains very low. As data....