After researching it , I think the while "buy Bitcoin on PayPal" is a scam at best , and could be something more sinister at worst. Basically , you cannot withdraw the crypto , which for me means that it isn't crypto at all. But after doing research , I found that you cannot EVEN PAY another person with it - you're simply buying a token that is linked to the Bitcoin price - what is the value of this ?
I believe that this could be an attack on Bitcoin - I discuss this in detail here :
https://youtu.be/bApVhoTemGwTo recap :
- You cannot withdraw your Bitcoin
- You cannot Pay anyone ( ironic ) , so it can't even go to another PayPal account
- You dont own the keys
While all these points maybe true there is no doubt that it has increased thr amount of people owning Bitcoin. Just read in another thread that it has reached 85% binance volume in a month. Let's hope they implement these features soon.