![]() ![]() So the mainstream adoption of crypto is accelerating even in a bear market and - when broader macroeconomic conditions are right - it will inevitably be reflected in the price of these assets as well.” “Clearly, users are focusing not only on the speculative aspect of cryptocurrencies but also on the innovation they offer in terms of payments and transactions. “This is significant because it shows that the popular demand for new and easier ways to access cryptocurrencies is as strong as ever,” Morch said. Mikkel Morch, executive director at crypto/digital asset hedge fund ARK36, told GOBankingRates that large fintech and payments companies such as PayPal or Robinhood are increasingly integrating cryptocurrencies into their services in spite of bear market conditions in the crypto space. “Customers who transfer their crypto into PayPal can extend the utility of their crypto by spending using our Checkout with Crypto product at millions of merchants.” “Allowing PayPal customers the flexibility to move their crypto assets (Bitcoin, Ethereum, Bitcoin Cash, or Litecoin) into, outside of, and within our PayPal platform reflects the continuing evolution of our best-in-class platform and enables customers to interact with the broader crypto ecosystem,” PayPal exec Jose Fernandez da Ponte said in the statement. customers in the coming weeks, the company said in a statement on its website. users, and PayPal will be rolling it out to all eligible U.S. This feature is available now to select U.S. However, the bigger issue is the fact they are selling FAKE crypto! This has multiple FTC violations written ALL over it.On June 7, PayPal announced that it is enabling the transfer of cryptos to and from other wallets and exchanges within a user’s account - as well as the potential to conduct business with millions of merchants via its Checkout with Crypto function - in response to customer demand.ĭiscover: In Less Than a Decade, You Won’t Be Able To Afford a Home in These Cities On that ground alone, its false advertisement. In fact they literally say " Buy, sell and trade with crypto through paypal". No where do they say you are buying a type of made up stock, rather than a currency which can be spent. No where does paypal say, the crypto you are buying, is not real. Each time you do, paypal takes some of it. Paypal is just saying "just trust us, you TOTALLY have crypto", despite having absolutely NO access to any of it at any time! All you can do, is transfer your money, into the separate fake account, and transfer it back. ![]() You do NOT have crypto! You are like, buying a "promise of cryptocurrency", not actually buying real cryptocurrency. You can not accept crypto from someone else. ![]() If it is unable to be traded for products, services or given as a gift to someone else, it is NOT A CURRENCY, and thus NOT cryptocurrency! You don't have a crypto wallet. You are unable to BUY anything using the crypto currency. What they do, is take your $20, and put it in a separate paypal account (which they write "CrYpTo" above it to make you believe its real), and then they tie the value of that account, to the price of the "crypto you totally purchased". If you go and buy $20 of bitcoin on paypal (which paypal charge you fee for, wow), you DO NOT get $20 worth of bitcoin. Its a fabricated stock/security, completely made up by paypal, that bypasses ALL stock regulations and the stock market. When you "buy crypto" on paypal, you are actually NOT buying any actual cryptocurrency at all! What you are ACTUALLY buying, is essentially a stock/security which is tied to the price of crypto, that paypal fabricated out of thin air. I can't even believe the level of fraud a company as large as paypal is engaging in here. Paypal is fraudulently claiming you can buy cryptocurrency, when you in fact, can not. ![]()
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