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I am probably way out of my depth here. But if Paypal or Square have a large enough market/volume of transactions couldn't they act as their own market maker, s

I am probably way out of my depth here. But if Paypal or Square have a large enough market/volume of transactions couldn't they act as their own market maker, settle immediately internally? Kind of like the whole storm over Citadel GME. And then also not have to pay the BTC fees?

xapata 6y ago
That'd require them to hold your Bitcoin for you, so they could just move some from one person to another. Isn't that counter to the Bitcoin philosophy?
- rattlesnakedave 6y ago
  Ideally everything would be self hosted p2p btcpayserver like technology. But mass adoption requires some compromises. Not everyone wants to self host and self custody, and if you’re willing to compromise a little on that you can have massive UX gains, especially if you’re looking to swap to fiat on either end anyways. As long as you retain the ability to self custody your currency should you desire, it’s not even that big of a compromise IMO.
  - BEEdwards 6y ago
    So it does exactly what paypal already does only with more steps and volatility... AH crypto don't ever change or do you're a fucking waste.
- hanklazard 6y ago
  I believe that’s what they do currently. I made the mistake of buying some LTC recently on PayPal. Turns out you can’t actually send it to any other LTC address ... your options are only “buy” and “sell”.