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You may not be realizing that PayPal's primary business is fraud detection and dispute resolution, not merely moving money. PayPal is layer above money transfer
by pornel 5y ago
You may not be realizing that PayPal's primary business is fraud detection and dispute resolution, not merely moving money. PayPal is layer above money transfers, providing insurance and reversibility of transactions that cryptocurrencies themselves don't have, and most don't want to have.
- CryptoPunk 5y agoPayPal is the closest thing to the cryptocurrency experience in traditional banking. The layer below it - banks and wire transfers - is even more susceptible to financial censorship.