PayPal Unveils Cryptocurrencies Hub for Storing and Interacting with Digital Coins

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PayPal has launched the Cryptocurrencies Hub, a service that allows users to store and interact with Bitcoin and other cryptocurrencies in their PayPal account. The service enables the sale and purchase of cryptocurrencies, as well as payment for purchases via PayPal using funds obtained from the selling of cryptocurrencies. To use the service, users must have a personal PayPal account and a Balance Account in good standing. Users must give identifying information such as their name, physical address, date of birth, and taxpayer identification number in order to utilize the function. Cryptocurrencies Hub will be linked to the user’s PayPal account and will be accessible using the user’s existing credentials. The debut of PayPal USD has split the crypto community, with some believing that it may accelerate Ether’s mainstream acceptance while simultaneously posing obstacles to decentralization and personal asset control. Smart contract auditors have pointed out the inclusion of “freezefunds” and “wipefrozenfunds” functions in PYUSD, which they say are instances of Solidity contract centralization attack vectors.

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With approximately 32% of the votes collected, Argentine politician Javier Milei, a pro-Bitcoin contender, has claimed the lead in the country’s presidential open primary elections. With little under 30%, he is trailed by the conservative Together for Change party. With little more than 28.5% of the vote, the left-wing Union for the Homeland alliance comes third. Anarcho-capitalist Milei has described Argentina’s national bank as a sham and human organ sales as “just another market.” He says that Bitcoin is a reaction to central bank swindlers and that fiat currency allows politicians to defraud Argentines through inflation. The regular presidential election is set for October 22, with a run-off election in November if no candidate receives more than 45% of the vote.

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