RE: The ugly truth behind PayPal accepting Crypto
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Paypal has the resources to sidechain most transactions on their own private ledger, which is really the only way they'll overcome blockchain limitations while maintaining security. So long as they hold enough of each crypto, they can reconcile on-chain when it's convenient for them, and not for every single transaction.
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Yes, this will work for internal transactions (PayPal users buying stuff from each other in crypto), but not for deposits and withdrawals.