Read on Twitter
1/10
Looked into #Paypal& #39;s access to #cryptocurrencies, as a lot of people in the #xrpcommunity were giving out about them not including #XRP
Would appreciate critical thinkers to give their opinion: @HamEggsnSam @galgitron @XRP_OWL @Kevin_Cage_ @MoonLamboio @WorkingMoneyCH
Looked into #Paypal& #39;s access to #cryptocurrencies, as a lot of people in the #xrpcommunity were giving out about them not including #XRP
Would appreciate critical thinkers to give their opinion: @HamEggsnSam @galgitron @XRP_OWL @Kevin_Cage_ @MoonLamboio @WorkingMoneyCH
2/10
#Paypal made the #crypto announcement yesterday: https://twitter.com/PayPalNews/status/1318921923611529217?s=20">https://twitter.com/PayPalNew...
#Paypal made the #crypto announcement yesterday: https://twitter.com/PayPalNews/status/1318921923611529217?s=20">https://twitter.com/PayPalNew...
3/10
Here is the @Reuters article:
https://www.reuters.com/article/us-paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idUSKBN2761L6
2">https://www.reuters.com/article/u... quotes from the bottom of the article:
"cryptocurrency licence from the New York State Department of Financial Services"
"PayPal is teaming up with cryptocurrency firm Paxos Trust Company to offer the service."
Here is the @Reuters article:
https://www.reuters.com/article/us-paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idUSKBN2761L6
2">https://www.reuters.com/article/u... quotes from the bottom of the article:
"cryptocurrency licence from the New York State Department of Financial Services"
"PayPal is teaming up with cryptocurrency firm Paxos Trust Company to offer the service."
4/10
Let& #39;s take a look at @PaxosGlobal
Link: https://www.paxos.com/ ">https://www.paxos.com/">...
Let& #39;s take a look at @PaxosGlobal
Link: https://www.paxos.com/ ">https://www.paxos.com/">...
5/10
Let& #39;s check out the Department of Financial Services ( @NYDFS)
Link: https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/virtual_currencies
https://www.dfs.ny.gov/apps_and_... href="https://twtext.com//hashtag/XRP"> #XRP is approved for #Custody bot not for #Listing
Let& #39;s check out the Department of Financial Services ( @NYDFS)
Link: https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/virtual_currencies
#XRP is approved for #Custody bot not for #Listing" title="5/10Let& #39;s check out the Department of Financial Services ( @NYDFS)Link: https://www.dfs.ny.gov/apps_and_... href="https://twtext.com//hashtag/XRP"> #XRP is approved for #Custody bot not for #Listing" class="img-responsive" style="max-width:100%;"/>
6/10
#Custody:
"Custody refers to the holding of #assets on behalf of a client"
Link to the @binance academy: https://academy.binance.com/en/glossary/custody">https://academy.binance.com/en/glossa...
#Custody:
"Custody refers to the holding of #assets on behalf of a client"
Link to the @binance academy: https://academy.binance.com/en/glossary/custody">https://academy.binance.com/en/glossa...
7/10
#Listing
"When an exchange offers trading pairs for a particular asset, this action is known as “listing” the asset."
Link to the @binance academy: https://academy.binance.com/en/glossary/listing">https://academy.binance.com/en/glossa...
#Listing
"When an exchange offers trading pairs for a particular asset, this action is known as “listing” the asset."
Link to the @binance academy: https://academy.binance.com/en/glossary/listing">https://academy.binance.com/en/glossa...
8/10
Quote from @CoinDesk article:
" #PayPal& #39;s service does not allow #bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> or other #cryptocurrencies to be withdrawn or deposited. Once you buy the coins, they stay in your account until you sell."
Coindesk article as the source: https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency">https://www.coindesk.com/paypal-ne...
Quote from @CoinDesk article:
" #PayPal& #39;s service does not allow #bitcoin
Coindesk article as the source: https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency">https://www.coindesk.com/paypal-ne...
9/10
As #PayPal will not allow you to deposit or withdraw #cryptocurrency this takes the custody only (wallet) option out of the picture. And as you have to buy the crypto it needs to be "listed".
As #PayPal will not allow you to deposit or withdraw #cryptocurrency this takes the custody only (wallet) option out of the picture. And as you have to buy the crypto it needs to be "listed".
