Indeed they are maybe gonna do this so this is a good and nice thing if you ask me, a lot of people are thinking that paypal is hating the bitcoin but this is not true.
Well,I'm pretty sure they're "hating" the bitcoin as they are the first ones to impose anti crypto buying/selling through paypal. Since they have realized its unstoppable and only after seeking the benefits of the revolution,they have no other option but to support it.Its profitable for them,that way.Let's just hope ,no service taxes are charged for use of coins while trading with merchants [in regards to patents].There won't be any point of the patent otherwise.
they dont actually hate bitcoin.. they are just part of corporate america which still treats bitcoin as a risk.
by this i dont mean a risk to their own profits. i mean the headaches and hurdles of regulations wanting life stories from a currency community where no life stories are usually attached as standard.
EG linking your bank account to paypal automatically give paypal your name, age, social security number and credit report.. which they can utilize for their KYC requirements.. but linking a bitcoin address.. gives them nothing.
the regulations of paypal is that they need to track and maintain a list of transactions knowing who spend what and where. so they need to make hardware wallets purely to lock customers to specific addresses to allow them to keep these records. instead of having funds move to random addresses.
paypal knows they can make profit from customers using bitcoin, its never been a profit risk. its just been a regulatory record keeping nightmare
