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PayPal Stablecoin was big, Integr w Ledger = game changer

[PayPal x Ledger]

◼️ PayPal: 435M users 

◼️ Ledger: 1.5M monthly active users

◼️ Mass adoption incoming

But it goes further.  A stablecoin on Paypal means people can transfer dollars seamlessly but also convert them to Crypto and now place on a wallet. 

Ledger, a crypto security firm based in Paris, has announced a significant integration allowing U.S. customers to purchase cryptocurrencies such as Bitcoin, Ethereum, and Litecoin using their PayPal accounts. The integration is facilitated through Ledger's Live app and eliminates the need for further verification if customers have previously bought digital currencies via PayPal. Pascal Gauthier, Ledger's CEO, highlighted the shared commitment of both Ledger and PayPal to secure and seamless transactions globally. This move follows recent expansions of both companies' involvement in the crypto space, with PayPal launching a U.S. stablecoin and Ledger introducing Tradelink, a trading network for institutions. Established in 2014 and known for its hardware wallets, Ledger holds a prominent position among Europe's major crypto enterprises.

EVEN UNDER US CRYPTO RESTRICTIONS: Any individual in the US can acquire stablecoins through PayPal and subsequently purchase cryptocurrencies via Ledger, abiding by European regulations.

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Anonymous

Paypal is a hard stock to own and a harder company to trust because of their past statements / actions about confiscating money for social media posts which they don't agree.. PayPal for thee, but not for me.

Anonymous

Don't forget that Paypal can levy fines and seize your money for being associated with whatever Paypal determines to be 'wrong thought' at any given time. Presumably (and predictably) this will be used, eventually, to shut down the accounts of those deemed by the Ministry of Truth to have engaged in anything that is actually, you know, truthful. ......................................................... New PayPal rule: The company can take $2,500 from your account for sharing misinformation (UPDATE) By Andy Meek Updated Oct 9th, 2022 https://bgr.com/business/new-paypal-rule-the-company-can-take-2500-from-your-account-for-sharing-misinformation/ What’s happening: PayPal is updating its acceptable use policy, with the update taking effect on November 3. You might say to yourself, well, I don’t use my account with the financial services company for anything improper or illegal, so what do I have to worry about? Here’s why that might not necessarily be true: PayPal says it’s expanding its existing list of prohibited activities to include the “sending, posting, or publication of messages, content, or materials that meet certain criteria.” The full details are explained right here, but PayPal is basically set to start levying a fine when users are found to have shared “misinformation” or promoted content that’s deemed to be “discriminatory” or promoting “hate.” .........................................................

Anonymous

Cut-throat fees to buy/sell crypto using PayPal: cheapest tier is 1.5% for 1000+ USD transaction 😳

Anonymous

I received an email from PayPal this week saying they were suspending crypto purchases in the UK but hoped they would be available in 2024. You can still hold or sell the crypto you have though.

Anonymous

Gonna try it…

Anonymous

Paypal is not worth the risk of loss (seizure). plus those fees, OUCH.