Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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However, PayPal will charge a spread (or margin) between the market price we receive from our trading service provider (Paxos) and the exchange rate between US dollars and the Crypto asset displayed to the user. You'll see the final exchange rate before confirming any purchase or sale of Crypto.
https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398That doesn't sound like paypal (Paxos) really buying bitcoin
It does to me. These are not scam companies. Take off the tinfoil hat. There is plenty of money for them to make on a 0.5% spread. There is no reason to take any additional risk by lying and then scrambling to pay people when BTC goes 10x.
This is just common sense. If they were a Chinese exchange, you might have a point, but we are talking about two US regulated companies with a partnership.