As they say not your keys not your money
PayPal to support Ethereum and Bitcoin
41–50 of 409 posts
Re: PayPal to support Ethereum and Bitcoin
#42Holding 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…
Plus they have a history of freezing people’s money for months on end for flimsy reasons.
Re: PayPal to support Ethereum and Bitcoin
#43Earlier quoted context omitted.
didn't you just explain the USD game? (fleecing the poor worldwide through inflation...) stablecoins don't change much in this.
Aren't they sort of printing new dollars privately accelerating the fleecing? Or am I wrong?
Not anymore than a USD deposit account. Just with extra steps.
Re: PayPal to support Ethereum and Bitcoin
#44I don’t understand all the immediate negativity surrounding this. Can someone in the know explain what the ramifications are?
Re: PayPal to support Ethereum and Bitcoin
#45Is this a legit PayPal domain?Sounds like a fake domain.
PayPal, teaching users to become phishing victims since 2019
Re: PayPal to support Ethereum and Bitcoin
#46I thought the whole point of a decentralised ledger was not needing companies like PayPal…
The power of not needing companies like PayPal does not preclude them from offering services that ease its use.
The benefit comes from having the option to go elsewhere. A business that cannot lock you in is more likely to try to retain your custom by offering a good service.
Re: PayPal to support Ethereum and Bitcoin
#47Holding 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
Good point. I should have clarified that I'm referring specifically to PayPal in the US, which themselves state that "PayPal is not a bank, does not take deposits and is not FDIC insured".
Re: PayPal to support Ethereum and Bitcoin
#48I don’t understand all the immediate negativity surrounding this. Can someone in the know explain what the ramifications are?
People who hate crypto will hate anything that has anything to do with crypto.
People who love crypto will hate anything that has anything to do with legacy censorship-prone fraudulent financial institutions like PayPal.
Who is this for?
Re: PayPal to support Ethereum and Bitcoin
#49One 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.
Re: PayPal to support Ethereum and Bitcoin
#50What a weird timeline we live in. Absolutely bonkers.