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.
Nah, Bitcoin on PayPal is very limited and I don’t think it’s something a lot of people would like, especially for those of us that uses Bitcoin for a lot of things including transactions on a daily basis and also investment.
When it comes to PayPal you can’t do anything except to just buy Bitcoin and hold. Your Bitcoin doesn’t leave the PayPal platform and it doesn’t leave your PayPal wallet, which means you can’t send it to other PayPal users, it just sits there and you will be speculating on prices and nothing more, till the time you want to sell it, and they will sell it for you and convert it to USD. So, a lot of us are not going to like it.
