Would you ever use cryptocurrency? | The Tylt

VOTE NOW
Culture
Would you ever use cryptocurrency?
#YesToCryptocurrency
#YesToCryptocurrency
#NoToCryptocurrency
#NoToCryptocurrency

It's been a minute since cryptocurrency has made headlines. Although the masses are no longer frantically googling "bitcoin," crypto hasn't gone away; in fact, it may be becoming even more ubiquitous. In late June, reports surfaced that PayPal, the online payment company, would roll out "direct sales of cryptocurrency." That means 325 million PayPal users would be able to buy and sell crypto via PayPal and Venmo. The question is, if the public has more access to cryptocurrency, will they use it? What do you think?

Dataviz
Real-time Voting
Would you ever use cryptocurrency?
#YesToCryptocurrency
#NoToCryptocurrency
#YesToCryptocurrency

According to CoinDesk's Ian Allison, reports have surfaced that fintech giant, PayPal, will allow users to directly buy and sell cryptocurrency on its platform. Similar online payment systems such as CashApp already offer the same functionality. Nevertheless, Paypal's user-count of 325 million means people across the globe will have new direct access to crypto. According to Allison: 

“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a well-placed industry source told CoinDesk. “They are going to have some sort of a built-in wallet functionality so you can store it there.”
It is unclear which or how many cryptocurrencies would be available. The industry source said they expected PayPal “would be working with multiple exchanges to source liquidity.”
#NoToCryptocurrency

But for many, cryptocurrency is still a head-scratcher. As Jon Oliver puts it, crypto is "everything you don't understand about money, combined with everything you don't understand about computers." Plus, as some experts point out, Bitcoin has not been impervious to the the volatility in the market due to coronavirus. According to The Motley Fool's Joe Tenebruso, this is reason enough to wait before buying up Bitcoin:

Bitcoin has historically performed well during periods of stock market distress. Some people view Bitcoin as a chaos hedge, or a way to preserve and even increase their wealth when other assets plunged in value. The current market environment can certainly be considered chaotic, yet Bitcoin's price has plunged right along with stocks. This is disconcerting, as the cryptocurrency's ability to serve as a hedge against market turmoil is one of its most interesting use cases for investors. 
VOTE NOW
Culture
Would you ever use cryptocurrency?
#YesToCryptocurrency
#YesToCryptocurrency
#NoToCryptocurrency
#NoToCryptocurrency