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Giving millions of existing PayPal customers the ability to buy at the click of a button has enormous potential for increasing
Giving millions of existing PayPal customers the ability to buy at the click of a button has enormous potential for increasing
admin
2022-02-15
53
问题
Giving millions of existing PayPal customers the ability to buy at the click of a button has enormous potential for increasing those numbers, but access to the currency isn’t the only limiting factor. People need a way to spend it.
A handful of large companies, such as Microsoft, have begun accepting bitcoin as payment, and others such as electric car company Tesla have done so at times too.【F1】
And while several other retailers, including grocery stores, coffee shops and hardware stores, have systems to accept cryptocurrency in some countries, using only this form of payment day-to-day would be no easy task.
PayPal users in the UK won’t be able to use cryptocurrency to buy goods or services—they can only buy, hold and sell the currency. But in the US, the company offers the ability to use balances for payments anywhere that accepts PayPal.【F2】
This effectively allows hundreds of thousands of retailers to accept cryptocurrencies without having to make any changes or accept any risk, and receive US dollars from PayPal as normal.
This is vital, as the risk for businesses is high, says Carol Alexander at the University of Sussex, UK. Cryptocurrencies are "dominated by huge speculation and rampant manipulation" , she says.
【F3】
Organized groups are able to cause swings in cryptocurrency values with coordinated buying or selling and, unlike the traditional financial services sector, there is little regulation to stop it.
So, if you take bitcoin as payment directly, it may plummet in value before you convert it.
"I can’t see this as the moment crypto goes mainstream. The widespread market abuse needs addressing first," says Alexander.
Cryptocurrencies are decentralised systems with no official oversight, so regulation is difficult. Registered companies that deal in them are finding themselves under increasing scrutiny. In June, the UK’s Financial Conduct Authority ruled that Binance Markets Limited, one of the world’s largest cryptocurrency exchanges, had to cease regulated trading in the UK.
There are still hurdles to overcome before cryptocurrency can truly break into the mainstream, including its exorbitant energy use, volatility and complexity.
【F4】
But some are still confident that the technology offers enough benefits, such as protection from inflation, a degree of anonymity and low fees for large payments, that widespread adoption is inevitable.
【F5】
Nigel Green at financial services firm deVere Group is confident that cryptocurrencies will replace traditional money and, although that moment is still some way off, he says PayPal’s announcement is " yet another example that exposes cryptocurrency deniers as being on the wrong side of history".
"This is a major step forward towards the mass adoption of digital currencies," he says. "More and more payment companies will naturally follow their lead. "
【F5】
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答案
金融服务公司德维尔集团的奈杰尔.格林相信加密货币将取代传统货币,尽管离那个时刻还有很长的路要走,但他表示贝宝的声明是“拒绝使用加密货币的人是站在历史的错误一边的又一个例子”。
解析
本句是并列的主从复合句。主干为Nigel Green at financial services firm deVere Group is confident…and he says…由and形成并列句。confident之后的that引导宾语从句。although that moment is still some way off为让步状语从句。that exposes cryptocurrency deniers as being on the wrong side of history为定语从句,修饰先行词example。主句结构为“主语+系动词+形容词+that…”结构,一些表示情绪的形容词后可由that引导宾语从句,如sure,happy,afraid,certain,satisfied等,类似于中小学大家常见的句子“I’m glad that…”。
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0
考研英语一
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