Quote from: Ratimov on Today at 08:53:35 AM

You read their announcement in general, they offer centralized storage of cryptocurrency, without providing private keys, and this is contrary to the principles of cryptocurrency.

And what happens: PayPal will breed a huge number of misguided newbies who will think that centralized storage of cryptocurrencies is okay.

So PayPal at this stage cannot bring any benefit to Bitcoin and its community, in principle, benefit only to Bitcoin holders, because the price is flying up against the background of this announcement.

PayPal did not give a damn about the rule for any crypto user: Not your keys, not your coins

even though I agree, I still think this represents a win: someone at Paypal is noticing a trend towards Bitcoin, and responded "...but we need to do something! Anything!"

This is basically the beginning of the end for Paypal, and this move serves as their confession that they know it too