You can use bitcoin as collateral in this case. Until you pay back the paypal, maybe the value will rise.
What I'm curious about is what will happen if the value rises ? would the lender get his 100$ and give me the rest?
and how long may he keep the collateral with him?
Yes, this is the meaning of collateral
The value of the collateral is counted by the price of the moment that the deal is made
Even if the price rises at the moment you repay, you won't be charged additional fees beside capital+interests
That's why people are using cryptocurrency as collateral, since they believe the value will grow and they don't want to sell it
I can offer this loan if you're ready to provide BTC as collateral.
how long you may keep the collateral with you?
P.S. see the last reply
I will keep the collateral until the loan is repayed
Can't the person simply repay the paypal loan, get his BTC back, then contact paypal and have the payment reversed?
why not the opposite? i give him btc and he reverses the payment?
The problem VOD raised is like this: You send BTC as collateral -> I send you Paypal -> You repay PayPal by sending Paypal transfer -> I return you BTC -> You start a dispute on the transfer (repayment) you sent me
But there's actually a better way to handle it, the borrower (you) can just repay the loan by using "refund" function, and send the interests with another transfer. By this, both party can save transaction fees, and there will be much little problem about chargeback. Also, in case the borrower default the loan in the end, the lender could also file a dispute on Paypal to get his loan back