What PayPal could do is have you put your BTC address or master public key in there that you generated offline, then when you complete checkout, give you an unsigned TX with your inputs which you would then sign on your own computer (or with some signing device) and give that back to PayPal. PayPal would never control your private keys, only know your addresses to facilitate you getting paid with only your registered email address(es).
Good one! Not sure how they will implement.
Pretty sure although easier, they will not be inclined to outsource like other merchants have done so. Or let's just say I'd be very surprised if they go way of Coinbase.
As other exchanges have done, I think they will allow you to pre-set an external address for withdrawals which can be changed but only by jumping through strict security hoops. That way, at least it's not their liability.
Power Sellers on Ebay constitute PP's main revenue source, for each transaction a unique funding address will have to be generated. In this case PP will have to act similar to a Localbitcoins Escrow and mediate when there is a Dispute Resolution.
They do certain have the resources to create a sister company akin to Coinbase model for their BTC processing. If so they would still need to establish a partnership with a major exchange with provable liquidity.
Agreed. Buyers wishing to pay in BTC, will have to source their BTC externally - PP will not want the liability from CC Charge Backs.
Though they do have enough resources to set up their own multi-server/cold storage system whereby >95% of clients deposited BTC is kept offline. XAPO's Vault or something similar could be used. I wonder in PP's strategic planning for this whether they have contacted the likes of XAPO?
vaporfin(-ancial) of the 2014 ? (Paypal have annonced about 4 times the bitcoin ...)
