I remember the time when I first opened my account 20 years back with Paypal. Yeah I used to do small freelance writing gigs during school times, then college happened I continued to play with freelancing and then 20 years from school days we have the paypal has allowed the crypto services through accounts options.
Now from this month onwards Paypal would be offering the crypto services to the account users. As of now they are doing this only for the USA users, soon they would extend this with the EU and other nations.
I know a lot of you would tell me that I already know about paypal sharing data with govt. And they randomly closing the accounts based on background checks and randomly making people close their account with them. But they have their own stablecoin and soon they allowing accounts under the paypal this would bring more centralized control.
I won't be surprised if the stablecoin reverses back like cash or bank transfer with paypal. Not a fan of them. And never going to be a fan. But some people think its safe and easy to chargeback and is consumer friendly. But that would not change many good customers and paypal offering the services. So in grand scheme things would eventually change though.
But they are now trying to build some good reputation as the Gen Z and Gen Y are the new customers. And the Gen X and millenials who suffered would be faded memory and nobody would document paypal's evil moves so the saga continues. MLM, paypals, and internet scam just run in cycles and life goes on. One generation getting old and another accepting into the trap of paypal.
Let's see how Paypal behaves under crypto transactions now and in near future.