I noticed I can buy cryptocurrencies through PayPal this morning when I logged in, but after reading the FAQ section I question their intentions.

So I log into my PayPal account this morning and notice, for the first time, that they're advertising the ability to buy cryptocurrency. There's only a handful, Bitcoin, Bitcoin cash, Ethereum, and Litecoin .

This is a bit unexpected IMO, so I click around on all the FAQs and info links. The FAQ starts out hopeful, albeit not perfect:

Can I use crypto to pay or send money? You currently can't use crypto to pay or send money on PayPal. However, when you shop with PayPal, you can seamlessly cash out enough to pay the merchant in USD right from checkout..

That seems like a step in the right direction, right? Well as I continue down the FAQ section I noticed a big red flag towards the bottom:

Can I transfer crypto into and out of PayPal? Currently, you can only hold the crypto that you buy on PayPal in your account. Additionally, the crypto in your account cannot be transferred to other accounts on or off PayPal.

So that's pretty scary. However, I still am thinking that maybe the net gain here is exposing more people to the familiarity of cryptocurrency and slowly building confidence over time. With PayPal's reach, this could still be a good thing, right? Well, their intentions become less sunshiny as I make my way to the bottom of the FAQ :

Will I get a private key for the crypto I buy on PayPal? You own the crypto you buy on PayPal but will not be provided with a private key. In case you're wondering, a private key is a person's secret code to access and manage their crypto. If lost, stolen, or even forgotten they can never get to their crypto again -- pretty risky in its own right. As long as you can log in to your PayPal account, your crypto will always be at your fingertips.

So there it is; PayPal wants you to buy crypto, but won't let you transfer it out of your account, and won't let you have access to your private keys.

Submitted October 01, 2021 at 07:51PM by alphazwest https://bit.ly/3kXbHrU

El Salvador's move into volcano-powered bitcoin mining makes the case that bitcoin can act as an accelerant to renewable energy development. Geothermal energy is renewable, it's clean, and in some places, it makes use of a previously untapped resource.

https://bit.ly/3meCZcR

Submitted October 02, 2021 at 02:42AM by BashCo https://bit.ly/3iq4Vt8

This will likely be the last time you be able to buy Bitcoin at 40k.

It's unbelievable where we are at with Bitcoin, where even the might of a powerful nation like China can't break the momentum of the evolution.

Never before in the history of humanity, has a decentralized currency been adopted on a national level, like Bitcoin has. Let that settle in, a sovereign nation has not only accepted Bitcoin, but also implemented it into their entire economy. That should be mind-blowing!

The chain of events that will likely lead to a dozen counties to follow suit by end of 2022 has already been set in motion. By 2025 it will likely be adopted by most countries.

Unbelievable, what we are witnessing. I continue to buy $20 of Bitcoin every week, not only for the imminent return, but because I want to be part of that revolution.

Submitted October 01, 2021 at 11:15PM by Karmaa https://bit.ly/3kYqrH2

El Salvador's move into volcano-powered bitcoin mining makes the case that bitcoin can act as an accelerant to renewable energy development. Geothermal energy is renewable, it's clean, and in some places, it makes use of a previously untapped resource.

https://bit.ly/3meCZcR via /r/Bitcoin https://bit.ly/3iq4Vt8

I am never ever selling.

I don’t care what the price gets to, owning Bitcoin will be all you ever need.

There is no exit strategy!

Submitted October 01, 2021 at 08:41PM by SnooDonuts2975 https://bit.ly/3B5WE4U

BITCOIN TO $100000k

https://bit.ly/3kZJPUd

Submitted October 01, 2021 at 11:46PM by securecrack https://bit.ly/2YlNq6i

This will likely be the last time you be able to buy Bitcoin at 40k.

It's unbelievable where we are at with Bitcoin, where even the might of a powerful nation like China can't break the momentum of the evolution.Never before in the history of humanity, has a decentralized currency been adopted on a national level, like Bitcoin has. Let that settle in, a sovereign nation has not only accepted Bitcoin, but also implemented it into their entire economy. That should be mind-blowing!The chain of events that will likely lead to a dozen counties to follow suit by end of 2022 has already been set in motion. By 2025 it will likely be adopted by most countries.Unbelievable, what we are witnessing. I continue to buy $20 of Bitcoin every week, not only for the imminent return, but because I want to be part of that revolution. via /r/Bitcoin https://bit.ly/3kYqrH2