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Paypal cryptocurrencies

fero

By fero,
in Gateways and Exchanges

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fero

fero

Posted
Posted

PayPal Launches New Service Enabling Users to Buy, Hold and Sell Cryptocurrency, but no XRP in the initial offering :(. anyone knows or has an idea as to why?

https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency

 

 

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CountZerpula
CountZerpula

I thought that by literally posting a picture that explains why that it would help ... guess not 

jetbrzzz
jetbrzzz

Sounds like a middle man skim operation to me.  Other than pumping the price of BTC cause now people are actually able to "buy" it, even though they don't really own it, I must be missing something.

CountZerpula
CountZerpula

It has to do with NYDFS XRP is approved for custody, but not litsing  

peanut56

peanut56

Posted
Posted

From what I could tell, they are allowing to fund your paypal account. So it seems that paypal would take the cryptocurrency, sell it on the market, charge a fee and fund your personal account with it. So, it may be a thing under the disguise of "look we are making progress into digital payments," while they really are trying to reap some fees.

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CountZerpula

CountZerpula

Posted
Posted
29 minutes ago, fero said:

PayPal Launches New Service Enabling Users to Buy, Hold and Sell Cryptocurrency, but no XRP in the initial offering :(. anyone knows or has an idea as to why?

https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency

 

 

It has to do with NYDFS

XRP is approved for custody, but not litsing

 

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Dario_o

Dario_o

Posted
Posted
26 minutes ago, peanut56 said:

From what I could tell, they are allowing to fund your paypal account. So it seems that paypal would take the cryptocurrency, sell it on the market, charge a fee and fund your personal account with it. So, it may be a thing under the disguise of "look we are making progress into digital payments," while they really are trying to reap some fees.

isn't it bi-directional then? I can only sell crypto for fiat, but I'm not allowed to buy crypto with fiat?

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BillyOckham

BillyOckham

Posted
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2 hours ago, CountZerpula said:

LOL ‘looking at pictures is too hard’

Since I ignored him my experience of the forum is much improved.  He is so far the only one on my list.  He made it by never ever putting anything of value out and never missing an opportunity to snipe at XRP and it’s holders.

 

Some people apparently enjoy throwing brickbats.

 

To be honest I wish people wouldn’t quote him either,  then I’d never notice his vomitus.   :) 

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CountZerpula

CountZerpula

Posted
Posted
3 minutes ago, XrpChad said:

He has a point though, its kind of sad how ripple achieved zero adaption progress for xrp in the past 4 years. Getting added and suported by a big payment processor is a huge thing for any coin.

 

Wherein you both continue to miss the point:

Whether PayPal wants to list XRP or not - they're not allowed to 

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