{"id":32691,"date":"2020-12-02T10:56:55","date_gmt":"2020-12-02T08:56:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32691"},"modified":"2025-08-28T09:58:09","modified_gmt":"2025-08-28T06:58:09","slug":"65-of-paypal-customers-willing-to-use-bitcoin-as-a-payment-method","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/65-of-paypal-customers-willing-to-use-bitcoin-as-a-payment-method\/","title":{"rendered":"65% of PayPal customers willing to use Bitcoin as a payment method"},"content":{"rendered":"<p>65% of PayPal customers say they are prepared to pay with Bitcoin for goods and services at 28 million points of sale, according to a survey by Mizuho Securities USA, the U.S. arm of the Japanese bank.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bitcoin ripping in part because PayPal and Square are buying loads of it to facilitate customer trading.<\/p>\n<p>Analyst jacks <a href=\"https:\/\/twitter.com\/search?q=%24PYPL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PYPL<\/a> stock-price target 35% above current quote based on Bitcoin excitement.<\/p>\n<p>Quit waiting for the fun part to start folks, you\u2019re in it\u2026 <a href=\"https:\/\/t.co\/mGRpDvApsZ\">pic.twitter.com\/mGRpDvApsZ<\/a><\/p>\n<p>\u2014 Michael Santoli (@michaelsantoli) <a href=\"https:\/\/twitter.com\/michaelsantoli\/status\/1333772425448796163?ref_src=twsrc%5Etfw\">December 1, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A fifth of customers have already tried trading Bitcoin in the PayPal app.<\/p>\n<p>Bitcoin traders, on average, used the service three times more often than other customers, held higher balances, and showed greater interest in additional features, such as QR code payments.<\/p>\n<p>Based on these observations, Mizuho Securities USA pegged PayPal&#8217;s stock target price at 35% above current levels.<\/p>\n<blockquote>\n<p>&#8220;Bitcoin is rising, in part, because PayPal and Square are buying it in large volumes,&#8221; writes CNBC senior market commentator Michael Santoli, who shared the report.<\/p>\n<\/blockquote>\n<p>PayPal <a href=\"https:\/\/forklog.com\/en\/news\/pantera-capital-paypal-and-cash-app-driving-bitcoin-shortage\">stated<\/a> that PayPal&#8217;s support for Bitcoin affects the supply shortage of the leading cryptocurrency and its price rise.<\/p>\n<p>PayPal <a href=\"https:\/\/forklog.com\/en\/news\/paypal-launches-bitcoin-buying-and-selling-for-us-users\">opened<\/a> access to Bitcoin and several altcoins for its U.S. customers in November.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>65% of PayPal customers say they are willing to pay with Bitcoin for goods and services at 28 million points of sale, according to a survey by Mizuho Securities USA.<\/p>\n","protected":false},"author":1,"featured_media":32692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1198,431,182,167,26],"class_list":["post-32691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-crypto-payments","tag-mizuho","tag-paypal","tag-research","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32691"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32691\/revisions"}],"predecessor-version":[{"id":32693,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32691\/revisions\/32693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32692"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}