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PayPal to support Ethereum and Bitcoin

newsroom.paypal-corp.com

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201–210 of 409 posts

Re: PayPal to support Ethereum and Bitcoin

#201

Post by QuantumGood »

arthurcolle wrote: post #112
kotaKat wrote: post #77

Earlier quoted context omitted.

Staring at a “you can no longer do business with PayPal” email myself. No clue what I did, no recourse, now locked out of a fuckton of global marketplaces and peer to peer transactions that uniquely only work on a platform like PayPal.

you should get a lawyer and try to sue in small claims court, it is the fastest path vs. anything they will surface to you. even by saying this I put myself at risk but they are truly a demonic organization s/demonic/pernicious

As others have pointed out, legal is fastest approach with them.

Re: PayPal to support Ethereum and Bitcoin

#202

Post by PHGamer »

Tarball10 wrote: post #20

Holding 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…

seriously. given how sellers and creators have had their accounts locked and sometimes not gotten their crap back. it would be unwise. if your going to buy crypto on paypal make sure they let you forward it to your own wallet.

Re: PayPal to support Ethereum and Bitcoin

#203

Post by majkinetor »

glitchc wrote: post #192
majkinetor wrote: post #176

Earlier quoted context omitted.

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…

Used everywhere to buy everything? Some serious evidence is required to support this claim. I bet she can't even buy candy at your neighbourhood convenience store.

Dude...

I can buy anything anywhere. If it supports regular cards, it supports crypto card.

My first test was to buy candy btw in the local corner shop in the middle of nowhere.

It is really funny how people on HN can be so stubborn.

Re: PayPal to support Ethereum and Bitcoin

#204

Post by majkinetor »

jgalt212 wrote: post #181
majkinetor wrote: post #176

Earlier quoted context omitted.

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…

Your bank does not offer custodial or joint accounts?

I don't want custodial or joint accounts. Then my kids call me to ask about stuff on their accounts. I want them to have their own thing. I want total separation of my own accounts from anything else in the world, including my family.

Re: PayPal to support Ethereum and Bitcoin

#205

Post by glitchc »

majkinetor wrote: post #203
glitchc wrote: post #192

Earlier quoted context omitted.

Used everywhere to buy everything? Some serious evidence is required to support this claim. I bet she can't even buy candy at your neighbourhood convenience store.

Dude... I can buy anything anywhere. If it supports regular cards, it supports crypto card. My first test was to buy candy btw in the local corner shop in the middle of nowhere. It is really funny how people on HN can be so stubborn.

Is it a Visa or Mastercard then?

Re: PayPal to support Ethereum and Bitcoin

#207

Post by rnhmjoj »

Tarball10 wrote: post #20

Holding 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…

> They can lock you out of your account and your money at any time and leave you going in circles

All very true, but banks are doing exactly the same thing, all while following banking regulation: https://news.ycombinator.com/item?id=38150606

Re: PayPal to support Ethereum and Bitcoin

#208

Post by majkinetor »

glitchc wrote: post #205
majkinetor wrote: post #203

Earlier quoted context omitted.

Dude... I can buy anything anywhere. If it supports regular cards, it supports crypto card. My first test was to buy candy btw in the local corner shop in the middle of nowhere. It is really funny how people on HN can be so stubborn.

Is it a Visa or Mastercard then?

https://www.bybit.com/en/cards

You are welcome.

Re: PayPal to support Ethereum and Bitcoin

#209

Post by pixxel »

mrguyorama wrote: post #198
bapak wrote: post #143

Earlier quoted context omitted.

> you can't control Well, they're not above the law. They're effectively a bank and must follow the laws in the countries in which they operate.

Paypal is very specifically not a bank and does not have to follow banking regulations

[dead]

Re: PayPal to support Ethereum and Bitcoin

#210

Post by mistercheph »

praptak wrote: post #191
mistercheph wrote: post #114

Earlier quoted context omitted.

Those are functions of a marketplace, a low-cost pseudo-legal system so that you hopefully avoid using a state's costly and slow legal system. But if marketplaces also own the medium of exchange, e.g. marketplaces that issue tokens and only allow transacting in tokens (Paypal behind the scenes), their economic incentive is not to resolve disputes, but to create as many barriers as possible to converting tokens back i…

"If only there was a technology which fixes this..." "Those are functions of a marketplace" Then it seems you should have said "If only there was a technology and a marketplace which fixes this..." And no, it doesn't exist because handling disputes is a hard problem. It's the actual moat of PayPal (and credit card companies) and the reason why they can get away with their crappy behaviour.

The comment I responded to said:

> No clue what I did, no recourse, now locked out of a fuckton of global marketplaces and peer to peer transactions that uniquely only work on a platform like PayPal.

I am not saying there is a single technology that is completely at parity without paypal without the problems, I'm saying that there is a technology which can give you access to global marketplaces and peer-to-peer transacting if you are locked out of the paypal/CC system.

And the payment processors don't have a moat in their sophistication in dispute resolution. This is a hard problem, but a solvable one if you have lots of liquidity: e.g Amazon, AliExpress. Their moat is having lots of liquidity, regulatory capture, and network effects.

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