Paypal is often seen as a direct competitor to cryptocurrencies, which wish to remove its centralized business model from everyday transactions. The company’s revenue routinely ranks in billions, and it operates in over 200 markets and in 25 currencies around the world. The two decades-old popular online payments system includes founders such as Peter Thiel and Elon Musk. Veksler, and presumably a sizeable chunk of Paypal’s nearly 200 million users, received an official-looking email seemingly from the company, complete with letterhead, titled Cryptocurrency Warning. This morning I got the email linked in my message.” Friday, March 16 Mr. “I am a PayPal user,” David Veksler of the Foundation for Economic Education and The Atlanta Bitcoin Embassy explained to.
This week Paypal users reported receiving an official-looking email from Paypal, warning users about “activity the trading or transfer of crypto currency which is prohibited under our Acceptable Use Policy,” asking the receiver to “cease any activity that results in the trading or transfer of crypto currency.”Īlso read: Since Embracing Bitcoin, Robinhood App Value Jumps to $5.6 Billion Paypal Users Receive Cryptocurrency Warning Email
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