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That restriction will possible raise in time, and PayPal could finally onboard extra folks into crypto than Coinbase (108 million ultimately rely). And even when solely a fraction of these prospects ever work together with Web3 past PayPal this doesn’t must cheapen crypto’s purity (which frankly has already been tainted). It’s not just like the existence of PYUSD means bitcoin or ether or dai will disappear. And as Austin Campbell, who previously managed the BUSD stablecoin reserves at Paxos, wrote: “A participant like PayPal coming into the sector is materials, for credibility, for entry, for public schooling and to pressure everybody else to begin grappling with the fact of blockchains and the forms of industrial functions they permit.”
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