Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SFR] SaffronCoin Multi Algo X11|Blake - SFRMS - HardFork at 171780
by
tfbpa
on 01/08/2014, 13:34:01 UTC
I was very excited that you knew all the executive managers and board of directors at Paypal when I read that it will be integrated, as Paypal is extremely notorious for almost not allowing anything to be bough/sold and since you stated that it would be integrated I actually thought that perhaps you were one of the directors.

Only this seems not to be the case. From what I understand you did not even contact the legal department of Paypal yet, is that correct? The very first thing you need to do is get in touch with the board of directors of Paypal, explain your business plan and get a written approval that you are allowed to buy/sell cryptocurrency, otherwise your account will be blocked by Paypal within a very short time.

As long as you don't have specific, written confirmation of the board of directors of Paypal, I really wouldn't waste any time trying to implement it, as it will be blocked almost immediately.

See https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)#PayPal for more information about Paypal and Bitcoin, which you really should have researched before telling everybody that you will integrate it.

That said, I do like your coin and wish you all the best, but again, don't waste any time with Paypal until you have a written confirmation from the Board of Directors.