PayPal Announces First Partnerships in Bitcoin Space
paypal sucks but good news for Bitcoin
paypal sucks but good news for Bitcoin
Indeed they do, for now. The main reason that Paypal has had such massive fees and restrictions is due to the fact that they've always been bound, completely, by the current financial institutions. Their fees have to be extremely high because their service has to pay a metric-ton of money to the banks and credit agencies. Basically, you get nickel and dimed to hell because Paypal gets nickel and dimed to hell by the vampire squids in NYC. Once the banks and creditors start to lose their grip on world finance, Paypal will finally have the choice to offer the customer an extremely cheap way of buying/selling things online.
This has been a coming for a long time, and perhaps Paypal will choose to act exactly like the agencies it is replacing and charge huge fees regardless of the massive savings it will get using bitcoin. Only time will tell, but I've got my fingers crossed.
