The news has spread so fast we need mayday mayday to get the true meaning of it.
So far it is just a beginning to intervene in this sphere.
I have used PayPal and it is convenient to pay errands online without using your credit card.
But you can use your credit to purchase through their system.
You can add money to your PayPal account.
PayPal is worldwide. You can send money overseas through it. PayPal has been around for years. The note states that more than 350 millions will get access to crypto through PayPal.
I am concerned with the news cause not everyone in PayPal care about crypto.
In the same token, PayPal requires KYC so if you will use their system they will know who you are.
This is a plus for the whole world we will have another avenue to trade and this is 2020 showing us what is ahead.
The news is not concrete to the term of an announcement but just thinking of it.
PayPal will be used more through that avenue and more reasons for you and me to stick around.
What do you think ?
The kyc part of it forefeits the whole idea of crypto and its anonymity.
However the adoption of crypto by paypal is something worth celebrating. Adoption is happening for crypto at a fast rate
It is not set and done
The kYC part has its merit as long as the company is doing it to cover
their behind.
Regulations are there for a reason but we all know , they got abused all the times.