Crypto now available on Paypal

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CtrMint
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Crypto now available on Paypal

Hi, 
Thought it might be of interest, various crypto currencies can now be bought and stored within Paypal, with absolutely zero hassle.

I've had very little confidence in many of the exchanges available, plus the need for an additional wallet, so this service introduction is a real game changer. 

Blokko
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Paypal needs to find a new business model after losing out on the very lucrative FleaBay gig.  I guess this is it!

Steve.
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Cryptocurrencies are dreadful.

Stephen

Democratic dissent is not disloyalty, it is a positive civic duty

Derek Batty
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Bit like piles ,,,but had had neither so only a guess  

Derek 

CtrMint
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I'm not sure why you'd say that. 

Caterham 420R S3 Lotus Toxic Green,  Caterham 620R S3 Exocet Red. Blog: https://www.caterham7diaries.com
Derek Batty
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Just one of my stupid posts Mark ,no intention to offend anyone ,,,if so i apologize if it has  

derek 

CtrMint
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I appreciate the volatility of the currencies isn't going to be for everyone, but with increasing adoption across various merchants and payment channels the likes of well establish currencies such as Bitcoin is going to become more acceptable to those that might not appreciate the underlying tech.  Furthermore, being able to move out of sterling with ease, especially at the moment is appealing.

I'm not a massive crypto nerd, in fact I've held off using it because of security issues surrounding many of the exchanges and their business practices, rather than the currency itself.  With Paypal getting onboard, any complexity regarding transactions has been significant diminished, thus that perceived risk reduced.

 

Caterham 420R S3 Lotus Toxic Green,  Caterham 620R S3 Exocet Red. Blog: https://www.caterham7diaries.com
DougBaker
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thus that perceived risk reduced.

That model worked well in the past for Sub Prime mortgages.

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CtrMint
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??? 

The point I'm making there (thus that perceived risk reduced) is that various exchanges were poorly implemented, either architecturally being subject to cyber attacks and subsequent losses, or didn't have suitable (read questionable) business processes making converting back to a physical currency easy.

Paypal is a reliable payment channel, and has made crypto very accessible.  Transaction frees are very small and you can buy and sell with a few clicks, just as you would any transaction on PayPal.  

Not sure how that relates to Sub Prime mortgages. 

As for adoption, Tesla has invested 1.5 Bill in Bitcoin, Dell now accepts it as payment along with a growing list of companies and services. 

  

Caterham 420R S3 Lotus Toxic Green,  Caterham 620R S3 Exocet Red. Blog: https://www.caterham7diaries.com
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Crypto as currently implemented is a disaster for the environment. I've been hoping for some time that the whole house of cards would collapse sometime soon, but sadly it looks like it's here to stay.

And yes, I'm part of the problem. My graphics card runs NiceHash when it's not being used for games, and has earned me £160 over the last couple of months, looking like it's going to pay for itself in a few months. My electricity is 90% renewable (and mostly provided by my own solar power during sunny days) but it's still a dreadful waste.

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Roger - why are GPU"s instead of CPU"s used for such mining tasks?   Are they quicker / cheaper?

Steve.
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