With their history of freezing clients funds, no thanks PayPal.
Worst of both worlds!
PayPal to support Ethereum and Bitcoin
161–170 of 409 posts
Re: PayPal to support Ethereum and Bitcoin
#162Earlier quoted context omitted.
Fortunately I can review direct debit consents and revoke them via my bank's web app UI.
I've seen such features on business accounts (Wells Fargo ACH Fraud Filter, JPMorgan ACH Debit Block, etc). What bank allows that on a consumer account?
Every bank in Germany allows you to dispute transactions done with Debits.
Re: PayPal to support Ethereum and Bitcoin
#163One of the reasons I don't think crypto can succeed is because people will only use it if it's convenient, which very likely means corporate involvement, which of course ultimately defeats the whole argument of being decentralized.
Without convenience it will not be successful as a common currency. It does not need convenience to succeed in other ways. For example, as a store of value.
Literally any scarce and durable good can be a store of value. A pound of Osmium is about a million bucks. So building massive server farms to store something equivalent to an inert rock is kind of uninteresting.
Re: PayPal to support Ethereum and Bitcoin
#164Earlier quoted context omitted.
With regard to Tether none of this is applicable as they aren't compliant with the GENIUS Act. They are in fact attempting to launch a totally separate stablecoin to try to get some of that market: https://www.reuters.com/sustainability/boards-policy-regulat...
Right, and who is looking at it anyways? Let's not kid ourselves, noone at the SEC will be enforcing "genius" act. Does anyone realistically think otherwise?
If it really is the goal to increase treasuries demand by means of stablecoins, then I would expect them to enforce this. If the stablecoins aren't really buying the assets then they do nothing for demand.
If another goal is to enrich the Trump family, then the SEC could forgo enforcement on the World Liberty Financial stablecoin. But they could still enforce the act for everyone else.
Increasing demand for treasuries, thus keeping interest rates down, also directly benefits Trump because he's bought at least $100 million in bonds since becoming president.
https://www.yahoo.com/news/articles/trump-buys-more-100-mill...
Re: PayPal to support Ethereum and Bitcoin
#165Holding money (or crypto) in PayPal is a terrible idea. They are not a bank, they do not abide by banking regulations. They can lock you out of your account and your money at any time and leave you going in circles with their offshore support. Yes, they are somewhat of a necessary evil if you do any online peer-to-peer buying/selling, since they are the only money transfer service that provides some level of "buyer p…
What’s odd is that Germans LOVE using PayPal. The pseudo banking system that PayPal offers is apparently light years ahead of traditional banking in Deutscheland.
It was faster until a few days ago.
Now instant payments using SEPA are mandatory and rolled out everywhere.
Re: PayPal to support Ethereum and Bitcoin
#166one thing with these stablecoins is they're pushing to buying of 'us-debt'. congrats if you buy a stablecoin - you've effectively financed the US gvt at 0%. now the US gvt can inflate away that debt at 0 cost to them, and pass on the cost to you. that's why a bunch of these stablecoin companies are pushing it as a way to save for people in distressed economies. what a way to steal from the poor. that's why the crypto…
> congrats if you buy a stablecoin - you've effectively financed the US gvt at 0%. As MMT teaches us, a government that issues its own currency does not need to borrow to finance itself, as it can create the money it needs, though it may still issue debt for other reasons.
I mean if the US gov moderately lowers the amount of debt it issues (and starts printing more to cover the difference), inflation will go way up, which seems pretty bad.
Re: PayPal to support Ethereum and Bitcoin
#167real question because i don't know, what do people actually buy with crypto other than other money or illegal stuff? i presume paypal won't be happy with you buying/selling drugs with it
Gray market stuff.
Re: PayPal to support Ethereum and Bitcoin
#168I will never trust Paypal with anything again after they completely botched up the closing of my deceased parent's account. It was a dystopian nightmare to try and get them to understand the situation, and every support person who replied to the ticket started from scratch to give a wholly new, and yet equally unhelpful, take on the situation. It took nearly six months to fully close down the account and many, many p…
Like with most things, if you put a serious amount of money through your account they will assign you a personal account manager who will bend over backwards for you. Otherwise they couldn't care less :( source: experience
Re: PayPal to support Ethereum and Bitcoin
#169With the expensive and slow transactions of BTC and Ether, is there any crypto currency that is actually practical to spend on something like Paypal?
Re: PayPal to support Ethereum and Bitcoin
#170Earlier quoted context omitted.
Fortunately I can review direct debit consents and revoke them via my bank's web app UI.
I've seen such features on business accounts (Wells Fargo ACH Fraud Filter, JPMorgan ACH Debit Block, etc). What bank allows that on a consumer account?
I use mbank.pl (Poland, EU regulations apply). What do consumers do if they have accounts in banks which don't have this feature in case they want to revoke DD consent?