 | A few days ago the report was released by Paypal that was for the SEC and US regulators, in that report you could see that PayPal has nearly $1B Crypto assets in their newly launched Crypto wallet. Only four Crypto are supported on PayPal yet, Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Bitcoin alone makes up $500M of the $1B tally. Many became pretty bullish while seeing that news as it just happened to show how far Crypto adoption has come that one of the leading payment providers worldwide has a Crypto wallet. I am sure that this kind of a news would boosted prices up during the last bull market, but by now we really should know better… Especially 2022 was the year that showed us how Centralized Exchanges in Crypto are not safe at all for your assets and how the people that controlling them control your coins once you transfer them over there. It is the same, and maybe even worse, when it comes to companies such as PayPal or even many banks wanting to control your Crypto. One reason Satoshi made Bitcoin over 14 years ago, was to eliminate the middle-men when it comes to storing your own money. Now it seems like people are doing the exact opposite with Crypto, Crypto is a currency made for you take your own responsibility of it. [link] [comments] |
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