Is this a legit PayPal domain?Sounds like a fake domain.
PayPal to support Ethereum and Bitcoin
21–30 of 409 posts
Re: PayPal to support Ethereum and Bitcoin
#22Holding 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…
This is all true, but are they actually any worse than any other crypto exchange? I just take it as a given that a crypto exchange can lock me out and steal my money at any time with no legal consequence, and so I try to keep as little money in them as possible. And at least PayPal is older and likely to have more senior engineers and fewer vibe coders, and thus be less likely to lose everything because of an elementary security error.
Re: PayPal to support Ethereum and Bitcoin
#23I thought the whole point of a decentralised ledger was not needing companies like PayPal…
This point is conveniently missing. There's simply more money to be made! Now get out of here with your nonsense ideas of decentralizing money. It's bad for business.
Re: PayPal to support Ethereum and Bitcoin
#24Holding 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…
Why does their support being "offshore" matter at all? If they wanted to provide good, user-friendly customer support, they would, regardless of where the reps are?
Re: PayPal to support Ethereum and Bitcoin
#25Holding 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…
Why does their support being "offshore" matter at all? If they wanted to provide good, user-friendly customer support, they would, regardless of where the reps are?
Offshore support is unloved and powerless. They can't and won't fix any issue. They exist to fulfill the obligation to provide support in the cheapest form possible.
Re: PayPal to support Ethereum and Bitcoin
#26Earlier quoted context omitted.
That is the point! You don't need companies like Paypal... Companies often offer services that are "not needed" because people like convenience, ease of use, etc. You don't need Paypal to use Bitcoin, but there's nothing in the spec that prohibits it.
I think their point is that in the end, most people want convenience. That convenience requires centralization, which eliminates a lot of the supposed benefits that something like cryptocurrencies were promoted with. We've already seen it play out very poorly several times in crypto already.
This adds convenience because I can instantly send ETH from Robinhood to PayPal to Coinbase to my Ledger, without dealing with banking rails or creating a taxable event.
Re: PayPal to support Ethereum and Bitcoin
#27Cool. Wake me up when Paypal isn't trying to police what kind of porn people can watch online.
They are probably not the one that care, it's most likely Visa / MasterCard that have an issue with that.
Nope. If there is someone more eager to police content than Visa, it's Paypal.
There are sites that still support Visa / Mastercard but removed their Paypal support. SubscribeStar, for example.
Re: PayPal to support Ethereum and Bitcoin
#28Is this a legit PayPal domain?Sounds like a fake domain.
Once upon a time, their corporate and developer sites were x.com even, before they moved to a more professional domain and later sold that one back to Elon.
Re: PayPal to support Ethereum and Bitcoin
#29Holding 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…
In europe, Paypal Sarl is a bank subject to bank regulations
Re: PayPal to support Ethereum and Bitcoin
#30Holding 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…
This is all true, but are they actually any worse than any other crypto exchange? I just take it as a given that a crypto exchange can lock me out and steal my money at any time with no legal consequence, and so I try to keep as little money in them as possible. And at least PayPal is older and likely to have more senior engineers and fewer vibe coders, and thus be less likely to lose everything because of an element…
No startup can compete with PayPal's decades long track record of suspending accounts and freezing funds.