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RE: The ugly truth behind PayPal accepting Crypto

in LeoFinance3 years ago

I think the hold until next year is a ramp up effort. This is a new and huge change for PayPal and can potentially cost them a fortune if they mess up. Slow and steady I think is the reason behind it. That's why there is a wait list blocking most people for a while.

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Yeah it makes sense to throttle the new users for sure.

But this statement

Keep in mind though you are unable to withdraw until it is unlocked later next year.

Leads me to believe that they are using the new funds to buy crypto to "fill their vault" essentially. Like you said, the system can't handle paypal doing on chain transactions so they need a large enough pool to minimize their need to do them.