PayPal Will Start Accepting cryptocurrency such as Bitcoin BitcoinCash Ethereum and Litecoin at the beginning of early 2021.
Many users are taking this negatively because Paypal is Centralized
But in my opinion, this is better than using a third-party P2P platform
if we will talk about PayPal to Bitcoin trade this is a common trade that scam happens
As long as this is not asking for KYC then why now?if this event will preserve our privacy and security i will surely support this Paypal -crypto bonding.
i experience it before when i need to pay in some website where they don't accept bitcoin
i sell my bitcoin in the third-party P2P platform the scammer chargeback in PayPal and i never get my bitcoin back
even i don't plan to use PayPal anymore i don't a have choice because this is a platform that almost accepted everywhere
but it will be different if i can put some bitcoin in PayPal instead and trade it directly on their platform
This is the problem if your country does not support or having a hard thing towards crypto you have no other option to convert your bitcoin into fiat.
we all know and need to accept the fact that we cant use bitcoin everywhere
with paypal adoption bitcoin have a higher chance of merchant accepting bitcoin independently
well paypal doesn not even available in the whole world so there is no need for expectation big.
Not your keys, not your coins are one of the reasons of some users but holding bitcoin in PayPal is optional
the same in exchange and other centralized platforms. only put what you plan to use, trade, or afford to lose.
Do you think this is the start of mass adoption in bitcoin? or Nah?
Mas adoption is too much to expect just because paypal has a deal towards crypto,remember that america don't represent the whole world.