PayPal to support Ethereum and Bitcoin

Post by jgalt212 » Mon, Sep 15, 2025, 7:47 PM UTC

majkinetor wrote: post #176

unleaded wrote: post #152

real 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

I have a virtual crypto card and gave it to my daughter and she added it to the Google wallet on her android. She uses it anywhere to buy anything. My bank didn't want to open bank account to minor. Everything was set up in 10 minutes. I transfer to her some random coins and it just works. I also use it myself as a backup abroad when my regular bank foreign account doesn't work for any reason. I got the card in the m…

Post by majkinetor » Mon, Sep 15, 2025, 7:50 PM UTC

emtel wrote: post #175

unleaded wrote: post #152

real 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

Stablecoin payments are currently a hugely growing business, mainly for B2B payments as I understand it. I think its really hard for people who have absorbed 10 years of anti-crypto groupthink from HN to digest the fact that crypto is here to stay and is finding legitimate use cases. Stablecoin payments really are just better: - Instant settlement - Extremely cheap - Extremely reliable - Highly programmable - Built o…

Post by majkinetor » Mon, Sep 15, 2025, 7:51 PM UTC

linhns wrote: post #56

Cash is king for me.

Post by holoduke » Mon, Sep 15, 2025, 7:54 PM UTC

unleaded wrote: post #152

real 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

Post by majkinetor » Mon, Sep 15, 2025, 7:55 PM UTC

tootie wrote: post #153

hippich wrote: post #53

Earlier quoted context omitted.

I think the difference here is that Bitcoin is predictable deflationary vs fiat being unpredictable. If you can know in advance the rate, it becomes sorta like an investment vehicle, where instead of dividends you get appreciation of the assets. To look at it another way - why one would spend $100 from their brokerage account if they know a year later they can spend $110?

Bitcoin is not remotely predictable. The value has swung wildly over the past 5 years. Dropping more than 50% then gaining 200%. By comparison, USD has been rock solid even with the recent run of inflation. An actually circulating currency causes a panic at an 8% drop in value and yet there was zero macroeconomic impact from BTC dropping 50%. BTC is less stable than Turkish Lira.