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craze3 | 6 years ago

I'm working on a decentralized app to remedy these type of moves by big payment processors.

The new flow I suggest is: BTC -> Coinbase -> PayPal.

Withdrawals are instant & only subject to standard fees. The can funds can also be instantly converted to cash, via the PayPal Business Debit Card.

References: [1] https://blog.coinbase.com/instant-paypal-withdrawals-now-ava... [2] https://support.coinbase.com/customer/portal/articles/295995... [3] https://support.coinbase.com/customer/en/portal/articles/210... [4] https://www.paypal.com/us/webapps/mpp/business-debit-card

discuss

makomk|6 years ago

If I remember rightly. Coinbase bans porn-related payments just like PayPal.

ur-whale|6 years ago

> The new flow I suggest is: BTC -> Coinbase -> PayPal

The flow still can be censored. As a matter of fact, you now have two opportunities for your payment to get nixed.

waymore84|6 years ago

The point is to spend out of btc via means of PayPal though. The shift card died because Switzer land couldn't hold it up.

mirekrusin|6 years ago

Why not just exchange btc/eth and leave the headache away? Pornhub should move to btc - at least they'll educate some population about cryptocurrency/how to use it. There are many ways to move money in/out, I think one of no fee paths is via bybit (just network fees).