Discussion in 'Digital Currencies' started by Bosse68, Oct 21, 2020.
Apparently you can't send your own crypto from your personal wallet to the paypal crypto wallet and vice versa, sounds like its fake crypto they are selling...
It won't be fake, they will be caught out in a second. They don't want to be abused as a trusted crypto wallet. They would be making money from the spreads too. Being able to buy crypto and use it to buy stuff online is a big thing in this space. They may ease up the restrictions over time, but they do have obligations under all the local laws they operate, so they need control. They will be the first mainstream licensed financial institution to do something like this. Same for if someone scams your credit card, its the bank's fault. With crypto it will not be any different, if you mess up and send some BTC to a scammer or just mistake send to a typo address.... you have full recourse to make them pay under their license obligations backed by financial law. So you can see why they must limit outside wallets. I can see partnerships will fully licenced exchanges etc down the track where you can send in and out only via their trusted address list.
Good to see some promo in the currency space for bitcoin, finally. This will drop a pretty big tech barrier for the every day person to get bitcoin. It will make bitcoin move in 2021, I guarantee it! Even just the confirmed news on it from just rumors has pushed BTC into new 2020 highs.
There was big moves in the Crypto market because of this news.
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