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PayPal turned it around because they are a fiat-only company. Coinbase is a Bitcoin-Fiat company, and fiat is reversible while Bitcoin is irreversible.
by ActsJuvenile 9y ago
PayPal turned it around because they are a fiat-only company.
Coinbase is a Bitcoin-Fiat company, and fiat is reversible while Bitcoin is irreversible.
- wmf 9y agoMy understanding is that Paypal eventually developed a system to prevent fraud; they didn't just revert all fraudulent transactions. If Coinbase can eventually prevent fraud then irreversibility doesn't matter.