RE: PayPal's Crypto Announcement - The Good and the Bad
You are viewing a single comment's thread:
Do you think they will ever take the risk of holding less bitcoin than the users have?
Even though it's a derivative, i think they have to hold 100% of the coins in order to make sure not to lose money. Price is still very volatile.
Posted Using LeoFinance Beta
0
0
0.000
That's the temptation of fractional reserve. Hopefully they will play honest banker.
If they ever decide to buy Bitcoin as a treasury asset, they will haven even more than 100% reserves. This can't be ruled out anymore.
The paypal CEO already owns Bitcoin for a few years, let's see what they do.