Re:PayPal to allow cryptocurrency buying, selling and shoppi...
by afrojack123 on Wednesday October 21, 2020 @12:17PM
(#24849259)
Its a walled garden. Cryptocurrency is federal, nation level politics. Many people have been beaten up over currency. It is a massive power to be able to force the the rest of the world to use your money for international trade and only you have the right to print that money.
Re:PayPal to allow cryptocurrency buying, selling and shoppi...
by aww_dang on Wednesday October 21, 2020 @12:27PM
(#24849370)
Talk of the "post dollar world" and the "cashless society" has been going on for more than a decade.
There was a time when if you said people would wear tracking chips you'd be labeled a kook. Today people willingly carry smart phones connected to social networks.
The disruption is similar in both cases. The result is predictable. The goals have already been stated at Davos.
>Cryptocurrency payments on PayPal will be settled using fiat currencies, such as the U.S. dollar, meaning merchants will not receive payments in virtual coins, the company said
Will users be able to take coins out of PayPal and send them to merchants, or will this be another walled garden?
If PayPal's policies and fees weren't so difficult, many merchants wouldn't be into cryptocurrencies in the first place.