someone said that paypal will sell fake bitcoin/bch/alts
so there a problem in this , paypal generally can product fake bitcoins and sell them to costumers lets say by 10k/bitcoin ( depend on the price in that time)
then if some one want to restore his usd and bitcoin goes up to 20k paypal will be in problem because she lost the money that she earned by cheating ( i know complicated calculating)
i have bought some bch at 246usd/bch and do you think the process will goes okay and paypal will really buy bch to sell it to us? if yes that mean bch will go over 300usd/bch
also which you can't send out or in bitcoin to your paypal account that mean its just like trading platform, so if you have bitcoin bought using paypal and you want to buy from a site that accept only bitcoin, then paypal will be forced to send a bitcoin transection, so it means you can send bitcoin out of your paypal account
add to that if you want to buy from a site that only accept paypal and you have bitcoin then if you cna t send the bitcoin to paypl wallet and then convert it to usd , then the paypal acceeptance of bitcoin is useless because you need to have usd paypal funds already
if paypal really sell fake bitcoin that mean the marketcap will goes down because people will stop buying bitcoin from the exchanges and buy them directly from paypal that she will not buy it from the exchangers, the mean less demand and and higher supply of unpaid bitcoins in exchanges like binance
so less price of bitcoin/alt will expected
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paypal: There are no service fees when buying or selling cryptocurrency through December 31, 2020, and there are no fees for holding cryptocurrency in a PayPal account.
https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency?sf130849673=1i seen pic in twitter say you can't also send bitcoin in and out paylpal which i dobet
We are launching a new service that will enable customers to buy, hold and sell cryptocurrency directly from their PayPal account. The service will be available to PayPal account holders in the U.S. in the coming weeks and initially feature Bitcoin, Ethereum, Bitcoin Cash and Litecoin directly within the PayPal digital wallet