PayPal could be gearing
up to work with crypto assets, according to recent rumblings, although
Decred co-founder Jake Yocom-Piatt is unsure of those rumors' validity.

“It's
hard to say whether these are rumors or not regarding PayPal accepting
cryptocurrencies soon," Yocom-Piatt told Cointelegraph via email
correspondence when asked about the rumors.



The pairing does not seem like a fit


Recent news showed
PayPal seeking to fill crypto and blockchain-related job positions,
while rumors circulated of the platform listing crypto assets.

Although
the addition would bring digital assets greater
availability, Yocom-Piatt added that the move would not line up with
PayPal's system. "PayPal, specifically, is notorious for depriving its
users of access to legitimately-acquired funds on their platform with
little to no justification," he said. 

"Users having their funds
restricted in this fashion is something cryptocurrencies are designed to
prevent, making this integration, if it is indeed in progress, an odd
combination," the Decred co-founder noted.

A report several months
ago showed difficulties around users' PayPal payments, based on
different terms flagging transactions and stalling them. "PayPal, along
with its subsidiary Venmo, uses a system that automatically flags
keywords in the payment memo field that could indicate a violation of
U.S. sanctions," Slate said in the February 2020 article.

The
scene around such term flagging remains a difficult conundrum, as
security and protection remain important, as is monetary freedom.
Although not money-related, a similar situation has plagued the
crypto-YouTuber community in recent months, as many top channels suffered bans as a result of content flagging.



Crypto is the opposite


Bitcoin, crypto's pioneer asset, at its core, serves as a method of value transfer and storage,
away from governmental control. Users can hold and transfer value
themselves, without authorities directly swaying the value of the
global, non-governmental asset.

In contrast, payment services such as PayPal use government currencies inside controlled parameters.

"A
fiat payment platform notorious for depriving access to funds would be
adding support for cryptocurrencies, which are notorious for have no
restrictions on funds,” Yocom-Piatt said following up his comment of
crypto and PayPal as an odd mix.

The future will tell whether or not PayPal will add the new asset class.

souce link ;https://cointelegraph.com/news/decred-co-founder-calls-paypal-and-crypto-an-odd-combination