/biz/ - Business & Finance

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Anonymous Wed Oct 21 17:06:07 2020 No.23423332 [Reply] [Original]

hold up

paypal will not actually by crypto for their customers, they'll just create a literal excel sheet and hope they profit from their customers buying high and selling low

>>	Anonymous Wed Oct 21 17:07:16 2020 No.23423354 robinhood does the same yet no one complains

>>	Anonymous Wed Oct 21 17:07:56 2020 No.23423371 >>23423332 Yes. If I can't transfer my btc from paypay to external wallet, who's to say that the "btc" they are selling us are even real btc?

>>	Anonymous Wed Oct 21 17:08:47 2020 No.23423390 >>23423332 >hope it's an absolute guarantee

>>	Anonymous Wed Oct 21 17:11:13 2020 No.23423439 >>23423390 >jewpal >benefiting anyone but themselves

>>	Anonymous Wed Oct 21 17:12:12 2020 No.23423464 >>23423332 they could buy not a single bitcoin but then they would essentially bet on bitcoin going down and would owe their customers a lot of money if bitcoin bubbles.

>>	Anonymous Wed Oct 21 17:13:35 2020 No.23423503 So if people buy btc on paypal now the only way for paypal to profit is when btc dumps and ppl sell I don't feel so good

>>	Anonymous Wed Oct 21 17:19:20 2020 No.23423636 >>23423503 i bet paypal already sits on a big stash of bitcoin and now sells the price volatility exposure of these bitcoin to its customers while still being able to trade the coins if they want to.

>>	Sage Wed Oct 21 17:22:56 2020 No.23423705 >>23423332 That would be a truly retarded way to run a giant publicly traded successful business anon. They are not that stupid.

>>	Anonymous Wed Oct 21 17:23:26 2020 No.23423718 >>23423332 false. They will have to have btc with a custodian

>>	Anonymous Wed Oct 21 17:24:35 2020 No.23423744 >>23423332 Can you explain that better Tyler?

Anonymous Wed Oct 21 17:28:32 2020 No.23423836
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>whale moves assets onto paypal thinking he can finally cash out
>feds tell pp that whale is linked to illegal activity (which may be so)
>pp suspends account and seizes funds
This is how they will make money.

>>	Anonymous Wed Oct 21 17:32:49 2020 No.23423926 >>23423636 that makes sense I guess

>>	Anonymous Wed Oct 21 17:34:57 2020 No.23423961 Isn't this basically how they treat all foreign currency? Everything gets turned into USD before the transaction

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