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Author Topic: Paypal opening up app crypto users  (Read 188 times)
blockman
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November 14, 2020, 01:18:18 PM
 #21

It is centralized until regulatory bodies issue regulations that make decentralization more difficult.

Decentralization is here to stay even if PayPal integrated Cryptocurrency I don't think the decentralization essence of Cryptocurrency will vanish, companies like PayPal just want to explore the technology of Cryptocurrency while trying to retain their centralized nature, this is actually like if you can't beat it join it thing, Paypal started this and many more will follow Paypal's lead.
IMHO, PayPal has already embraced it. They are still in the learning stage and conducting what will be the implication and results of their actions. What makes me worry is if they will start to ride the exchanges and will build their own "DEX". Just like Binance as a known exchange, they are into innovation and development. Wherever the development will bring them, they'll go and do it because they can.

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November 14, 2020, 04:01:11 PM
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IMHO, PayPal has already embraced it. They are still in the learning stage and conducting what will be the implication and results of their actions. What makes me worry is if they will start to ride the exchanges and will build their own "DEX". Just like Binance as a known exchange, they are into innovation and development. Wherever the development will bring them, they'll go and do it because they can.

Paypal s a greedy profit driven company they want to explore Cryptocurrency and at the same time would like to retain features that continue to make them money, Decentralized exchange has become so very popular, we never know if PayPal would like to be one of the player, but where the money is PayPla will definitely explore that.

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blockman
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November 14, 2020, 07:33:06 PM
 #23

IMHO, PayPal has already embraced it. They are still in the learning stage and conducting what will be the implication and results of their actions. What makes me worry is if they will start to ride the exchanges and will build their own "DEX". Just like Binance as a known exchange, they are into innovation and development. Wherever the development will bring them, they'll go and do it because they can.

Paypal s a greedy profit driven company they want to explore Cryptocurrency and at the same time would like to retain features that continue to make them money, Decentralized exchange has become so very popular, we never know if PayPal would like to be one of the player, but where the money is PayPla will definitely explore that.
I'm only having that thought and who knows if they will consider those traders that only likes using a DEX. It's another profit for them that they wouldn't allow others to take advantage of it but only them. They have the idea of it already and the launching that they had seems to be a successful one. This could happen only if they are looking for more and I guess they understand it already.

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