Post
Topic
Board Bitcoin Discussion
Re: Coinbase has partnered with Paypal - Officially!
by
MeteoImpact
on 24/06/2016, 06:46:28 UTC
Looks like all these Bitcoin payment processors are selling out to bigger companies.
Well to be fair, Coinbase had already sold out to, "Classic"--they were already fans of trying to commandeer and centralise Bitcoin. This partnership will probably be helpful for some people, I suppose--I've sold small amounts of coin for PayPal credit in the past myself, though these days I just HODL most of what I get and spend (or donate) a little every now and again. Whether you like PayPal or not, it is useful for a lot of online purchases, so having it as an option will probably be handy for some Coinbase users. Obviously you lose a lot of Bitcoin's more interesting features when you go through something like Coinbase or PayPal, but if doing so suits your particular needs, then cool.

Though give it a few years and Bitcoin might well be able to do everything PayPal can do without having to give up your privacy and trust someone else with your money Wink