PayPal Statements Do Not Reflect the Truth
In the past week, there were reports that PayPal is planning to offer cryptocurrency buying and selling services directly to its users. Jake Yocom-Piatt, co-founder of Decred, does not seem to believe these rumors. "It is hard to say whether the rumors about whether PayPal will really accept cryptocurrencies in the near future are just rumors," said Yocom-Piatt. used expressions.
It doesn't look possible
Recent news arises that PayPal has recruited employees in crypto and blockchain-related business positions and will soon list cryptocurrencies. Although this integration is good for using cryptocurrencies, this is not compatible with PayPal's system, according to Yocom-Piatt.
"PayPal is famous for not giving any reason to deprive its users of access to legitimately acquired funds, especially on their platform," he commented. He used his expressions and added:
To buy bitcoins and cryptocurrencies by credit card, you can use Cex.io as a member of this link to take advantage of the commission.
Users whose funds are restricted in this way are something that cryptocurrencies are designed to prevent. This makes it a strange combination if the integration is really going to happen.
Cryptos and PayPal
Bitcoin, which is the leading asset of krypto, serves as a method of value transfer and storage away from state control. Therefore, users can make Bitcoin transactions without any state control.
In contrast, payment services such as PayPal use state currencies within controlled parameters, so Yocom-Piatt thinks that PayPal's cryptocurrency-listing news is not quite the truth.
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