This is Why PayPal Won't Let It's 346 Million Users Send and Receive Bitcoin

Many of us rejoiced at the news that PayPal will soon let its 346 million users buy and sell Bitcoin.But the joy was short-lived after it became apparent they were not going to let people withdraw and send Bitcoins purchased on PayPal to other people.I mean, what the heck is that?​https://i.redd.it/kncmj0q5cmv51.gif​But think again?What would happen to the Bitcoin network if PayPal suddenly exposed millions of users all at the same nice.Your guess is as good as mine, Bitcoin transactions would probably take days to settle and that isn't good for all of us.If you're tried transacting with Bitcoin in the past few days, you'll understand its already taking long for transactions to settle. And mind you, we're still at $13k price. What will happen when we see $20k, $50k or $100k?The Point?Bitcoin isn't ready for the PayPal effect and PayPal knows this. In fact, they're being friends of Bitcoin by not enabling send and receive at this point.Therefore, instead of whining about PayPal, we should be happy about the good PR their adoption gave to Bitcoin and the millions that will probably be buying Bitcoin for the first time via their platform.​Do not let perfect not be an enemy of good​The focus should now be on getting bitcoin ready for mass adoption

Submitted October 27, 2020 at 05:58PM