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- PayPal is lying.
PayPal is lying.
Your Money in PayPal's Crypto:
Is It Really Yours?
Recent findings have brought to light significant details about PayPal's new crypto offering, raising questions about its true nature.

PayPal's New Stablecoin Venture:
PayPal has unveiled its U.S. dollar-backed stablecoin. However, a major caveat lurks: they have the power to freeze your assets!
Outdated Tech, Higher Costs:
PayPal's stablecoin utilizes an old version of Solidity, Ethereum's programming language, leading to unnecessary costs passed on to you.
Pausing Power:
The entity behind the contract has the authority to halt all transfers. If they choose to do so, your funds are left hanging.
Freezing Capability:
Not only can they pause transfers, but specific addresses can be frozen, stopping certain transactions dead in their tracks.
Control over Currency Value:
The administrators have the ability to arbitrarily augment the stablecoin's total supply, which can effectively influence its value.
A Glimpse into Future Control?:
Drawing parallels, the IMF deputy managing director discussed how Central Bank Digital Currencies (CBDCs) can offer governments control over spending habits. PayPal's coin seems to align with this trend.
A Look Back:
Last year, PayPal wielded its power by threatening users with hefty fines for alleged misinformation. The power to freeze isn't new to their playbook.
DLT's Promise & Peril:
While the CEO of PayPal acknowledges Distributed Ledger Technology's (DLT) potential to revamp aging financial systems, such advancements might not be without conditions.
Final Thought:
While many see PayPal's stablecoin as a leap into the future, it's pivotal to grasp the extent of control exerted over your assets.
Always ask: Is the money truly yours?
JACQUES - SPACE EXPLORER
PS: Join us https://www.bonzai.lol/jacques