Read on Twitter
1/10
Looked into #Paypal'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'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
#Paypal made the #crypto announcement yesterday: https://twitter.com/PayPalNews/status/1318921923611529217?s=20
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 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 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."
5/10
Let'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
Let'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
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
#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
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
#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
8/10
Quote from @CoinDesk article:
" #PayPal's service does not allow #bitcoin
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
Quote from @CoinDesk article:
" #PayPal's service does not allow #bitcoin
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
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".
