Am I the only one who is not stoked about this idea? I read tweets mentioning that quite a bit about paypal will enable cryptocurrency purchase. There are several reasons as to why I am not excited hearing this despite possible mass adoption. My first question will be " how much fees will they take just to buy a cryptocurrency?" my next question will be " will they lock your account randomly because of what they claim suspicious activity?" " will they also lift certain features ban for paypal in countries like Nigeria?"
Tweet that catches my attention is from James Loop
https://twitter.com/lopp/status/1275218658281783297
- lopp
Paypal is known to seize and froze customer account without early notice. They might be able to temporarily ban you, like something that happened to me just recently. Sure, they might be good for massive adoption but their business model doesn't suit the idea of decentralization. Imagine waiting 3-5 business days for bank transfer.
Sure, Paypal was revolutionary then. Now it's time for Bitcoin and cryptocurrency to take the podium. More people my age, should know that there is an alternative to fiat money that we know today. Whether this news is fake or not, It certainly brings traction to get people awareness about Bitcoin. But again, when these people come, don't spook them with not your keys not your coins or other stuff. Let them learn.
~ signing out
