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PayPal to support Ethereum and Bitcoin

newsroom.paypal-corp.com

331–340 of 409 posts

Re: PayPal to support Ethereum and Bitcoin

#331

The whole purpose of crypto is to exchange money online like we exchange cash in person, so who wants PayPal as a middleman on a tech designed not to have a middleman? Who will use that

Absolutely. Cryptocurrency should make payment middlemen obsolete. PayPal should get laughed out of the building here. It's incredible that this has any legs at all. This thread should be full of the names of Ethereum wallets.

MetaMask, Trezor, MEW, Status

Re: PayPal to support Ethereum and Bitcoin

#333

Earlier quoted context omitted.

They're not as openly shitty at least. Crypto was supposed to be an alternative to all this but, well, look how that worked out.

Crypto was supposed to be an alternative to all this but, well, look how that worked out. Bitcoin hasn't really changed in over a decade and is trading at all time highs. What "didn't work out" in your mind?

[dead]

Re: PayPal to support Ethereum and Bitcoin

#334
post #306

Earlier quoted context omitted.

Credit cards do the same, no? You can initiate a chargeback.

After waiting on the line with support for 4 hours and going through a phishing-tastic email flow, sure. (Maybe your credit card company has a better experience, but who wants to reach the point where you find that out?). With PayPal you just push the button.

> who wants to reach the point where you find that out?

Enough people to steal 20 billion USD a year according to https://stripe.com/en-fr/resources/more/chargeback-fraud-101

Re: PayPal to support Ethereum and Bitcoin

#335
post #294

Is this a legitimate alternative domain name for PayPal, or is it a parody or phishing site? It's not paypal.com. Apparently it's legit: https://news.ycombinator.com/item?id=45250319

I’ve always felt that we need a tool to be able to answer such a question. My bank also uses a different hyphenated domain name on emails… another use case could be to check for legit social media profiles cause fakes are popular too and may not be discernible for regular grass touching not-so-online in 2025 individual.

Maybe we could introduce the concept of subdomains. Paypal could, for example, have a corp.paypal.com address that points to their corporate blog. I know, a bit out there, but maybe DNS2 will ship with this feature.

Re: PayPal to support Ethereum and Bitcoin

#336

Earlier quoted context omitted.

PayPal 20 years ago made it easy to engage in internet commerce across various world currencies. And now users of PayPal have an easy way to commerce with two more world currencies using a familiar trusted interface. Another way PayPal as the middle man helps: "Unclaimed links expire after 10 days", which sounds like it avoids the problem of accidentally sending bitcoin into the void.

I completely understand why I would want paypal as an intermediary in the unlikely case I wanted to send bitcoin to somebody. I think what makes less sense to me is why people who actually like crypto would want paypal. I want a regulated middleman answerable to democratic legislation. Crypto people (largely) don't. I guess this is mostly a play that crypto people won't actually care if there's a middleman if it crea…

Wait until democratic legislation in the USA starts freezing liberals' accounts.

Re: PayPal to support Ethereum and Bitcoin

#337
post #294

Is this a legitimate alternative domain name for PayPal, or is it a parody or phishing site? It's not paypal.com. Apparently it's legit: https://news.ycombinator.com/item?id=45250319

It’s so dumb because they are training everyone to be phished by scammers.

Re: PayPal to support Ethereum and Bitcoin

#339
post #116

Earlier 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?

https://monzo.com/help/payments-getting-started/cancel-direc...

Re: PayPal to support Ethereum and Bitcoin

#340

The whole purpose of crypto is to exchange money online like we exchange cash in person, so who wants PayPal as a middleman on a tech designed not to have a middleman? Who will use that

> The whole purpose of crypto is to exchange money online like we exchange cash in person

No, the whole purpose of crypto is to provide an unregulated financial playground for speculation and scams. As they say, "the purpose of a system is what it does".

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