News for hackers. Stuff that matters.

A comment on PayPal to allow cryptocurrency buying, selling and shopping on its network. Parent comment

Re:PayPal to allow cryptocurrency buying, selling and shoppi... by fortran77 on Wednesday October 21, 2020 @01:27PM (#24850045)
This was my feeling, too. It wasn't a Big Conspiracy to suppress Bitcoin. It was an effort to stop transactions that had a high percentage of fraud issues.

Same thing with Facebook and crypto ads. There were just too many pyramid schemes and get-rich-schemes with a cryptocurrency angle that were being advertised.

[ Parent | on HN ]
Re:PayPal to allow cryptocurrency buying, selling and shoppi... by rebuilder on Wednesday October 21, 2020 @01:39PM (#24850179)
Back in the day, it wasn't that PayPal didn't let people buy crypto, it was that you were mad to sell for PayPal credits. The system favoured the buyer so much it was just too risky. So I'm not really sure this policy matters - if nothing else has changed, selling crypto for PayPal creds is just asking to be scammed.
[ Parent | on HN ]