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OK, we can forget this Paypal "news".
"Crypto in [the Paypal] account cannot be transferred to other accounts on or off PayPal."
So, this is all a big PayPal nothing burger, just entries in a central PayPal database, nothing to do with #bitcoin
pic.twitter.com/cHGQIEdHaL
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Still big news, as we can see in the price action! "nothing burger" was perhaps a bit too much. Millions of people can easily buy/hold/sell bitcoin exposure on PayPal, just like trackers or funds. And some of them will sell at a some point and buy real bitcoin (private keys etc).
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@PayPal attempting fractional reserve crypto?
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Not your keys not your crypto
Gracias. Twitter usará esto para mejorar tu cronología. DeshacerDeshacer
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I don't know if it's NOTHING. If the public thinks they're getting bitcoin, it will drive ALL avenues of acquisition. Let's say 10% try the PayPal bitcoin experience and are dissatisfied enough to try an actual exchange ala gemini/coinbase etc, That's still MILLIONS of new users.
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100% agree. It's the same as Robinhood: gateway drug.
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Have some faith. It does say "Currently,..."
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i.e., The most optimistic interpretation is that they will need time to build out their infrastructure before they will be able to facilitate the movement of crypto on/off their platform. Square started out the same way, no?
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Bitcoin doesn't need PayPal. Bitcoin doesn't care
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That's the reason PayPal introduced these changes - PayPal needs Bitcoin.
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