Since PayPal just announced that crypto trading and payment services went live in the US, do you think PayPal may turn into a big competitor to existing cryptoexchages? They can also launch a crypto-currency trading desk as well, why not.
I also once believe Paypal will be a competitor to the existing centralized crypto exchange site but that change after I read some messages posted on Reddit about what Paypal is really offering which was said to be different from crypto activities because the whole process is done in fiat and
users are also unable to withdraw their crypto. However, Paypal may be a competition to other centralized exchanges if they change all this process and operate just as crypto exchange does.
What happens if I can't gain the custody of my purchase? Any advantage to this and for how long will the wait to gain the custody of my bitcoin?