PayPal Enables U.S. Merchants to Accept Bitcoin Payments – Bitbo
PayPal has launched a new service allowing U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin, with competitive transaction fees...
"To complete a payment, buyers connect their existing bitcoin wallets to the PayPal checkout.
The digital assets are then exchanged on platforms such as Coinbase or Uniswap, converted to PayPal’s stablecoin (PYUSD), and finally settled in U.S. dollars for the merchant."
Doesn't sound like bitcoin payments to me...sounds like hooking up one's Coinbase account to another's PayPal account. When paying bitcoin at a PoS, "connecting my wallet" has never been a step.
Login to reply
Replies (2)
I thought it was just written by someone that didn't know what they were talking about and "connecting wallet" just meant paying to an address. We'll find out once it rolls out I guess.
There have been past instances of some company claiming they're now accepting bitcoin/crypto, and when going through the PoS process, you had to either log into coinbase and pay through them, or connect your crypto wallet via some metamask BS...no option to just show an invoice address and amount (or lightning invoice) and pay via wallet of our choice like we're all used to.
Theres the interoperable/sovereign way to do it, and there's the KYC/cucked way to do it.