The love story between Realt and Paypal
Censorship continues to operate with crypto projects.
After Youtube which censors crypto youtubers, this time it's
Paypal which censors the Realt project.
This project concerns the tokenization of housing.
Real tokenize real estate property, with a minimum investment between $ 50 and $ 145 which gives an annual return of 10% to 12%.
On the site, it is possible to invest in real estate projects with cryptos or Paypal.
On a tweet yesterday, Realt explained that problems with blocking transactions have occurred and those reported by customers.
At first, they thought it was related to covid 19 and that Paypal had small problems, but actually no, Paypal decided
"Permanently limited" and that "there will be no appeal process".
Paypal believes that there is a risk on this kind of investment.
Over the past year, Realt has had four complaints, three have been resolved internally, one has resulted in a chargeback
According to Realt, customers must have preferred cryptos and find solutions to the situation because they are forced
to have fiat payment channels. They found a Sendwyre payment operator to reactivate debit / credit card transactions.
Conclusion: Realt had to find a new payment operator (Sendwyre), which allowed them to measure the importance of the decentralized system, as well as the crypto alternative. A solution was therefore provided.
For those who would like more information, I put the link of the twitte:
