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Where Do You See PayPal’s Libra Going With Facebook?

The entire concept of Libra has recently become extremely popular in the realm of Bitcoin. Even though many people are still confused about why exactly Facebook is creating a cryptocurrency, or whether the creation and implementation of the cryptocurrency will be successful, it is time to start taking this issue seriously. All signs point to Facebook and its huge collection of development partners making significant investments in Libra, with the intention of turning it into a fully functional, innovative, and appealing new crypto choice as soon as it is released.

The fact that PayPal is one of those developing partners is one of the reasons why it’s possible that Facebook will actually be able to carry this off. The dominant payment processing organization in the sector has been hesitant to get engaged with cryptocurrencies up until this point, but they are now making preparations to get affiliated with Libra. Now, this might be a straightforward investment that PayPal makes in order to obtain a stake in an asset that it considers to be a prospective competitor. However, the recent statements on Libra and the early news have given the impression that the partner companies are playing an active role in the development of Libra. This has led us to wonder what PayPal might be planning to do with it.

Taking into consideration the aforementioned question, there are a number of activities that PayPal is already engaged in and that it may assist Libra in being involved in as well.

The mission of PayPal, which has always been to assist those who are underserved and unbanked, aligns well with the possibilities offered by Libra and by cryptocurrencies in general. The fact of the matter is that in the current world, there are tens of millions of individuals, possibly even hundreds of millions, who have access to mobile phones and the internet but do not have access to banks. This is a stark contrast to the situation in which the majority of people live. These individuals are considered to be “unbanked,” and PayPal has historically been able to assist them. Additionally, cryptos have something of a target market in this demographic of individuals. Because of all of these factors, it shouldn’t come as a huge surprise at all if PayPal decides to support Facebook’s cryptocurrency in these forums.

This concept almost doesn’t call for an explanation. But to put it more succinctly, if Facebook wishes for Libra to achieve greater success in the digital retail arena than other cryptocurrencies have, PayPal is the partner that is best positioned to make that happen. PayPal already maintains ties with a large number of companies located all across the internet, giving it the connections and infrastructure it needs to make Libra a viable payment option at brick-and-mortar establishments.

In addition, PayPal is one of the most widely used payment methods across a wide variety of video gaming genres and subgenres. It is possible to use PayPal to pay for games and other material on Xbox and PlayStation consoles, which means that it is responsible for a significant share of sales of mainstream video games. In addition, the online casino gaming subgenre is more or less characterized by a collection of sites that are powered by PayPal in the United Kingdom. Therefore, whether it’s to download the most recent PS4 game or to make a deposit on a poker or slot site, PayPal is a go-to option, and Libra might become the same way in the future.

In addition, PayPal may be able to create a debit card that is capable of retaining Libra value by collaborating with a number of the banking partners that have expressed interest in the development of Libra. Already a few years ago, the company launched a debit card, which fundamentally altered the industry landscape for payment processors. In addition, over the past few months, we’ve seen a number of different companies release cards that are intended to make spending cryptocurrency at traditional retailers simpler. When all of these trends and developments are considered together, it surely appears plausible that PayPal will also contribute to promoting a debit card that is powered by Libra.

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