Don’t get too excited from the headline, PayPal isn’t supporting Monero yet. They probably won’t support it ever.
A scenario that caught my attention is when someone with Monero is considering to purchase an item from a vendor that only accepts PayPal
If someone has XMR and wants to buy something from this seller, what do you think could be done? Should they always convert to a stablecoin as mentioned in this article, or rely on another purchase method instead? Is it a waste of time to even try doing this in the first place?
I mean, even normalizing merchants accepting Bitcoin is a win for me. If you use a good non custodial wallet like Cake Wallet, each transaction can have a different address. So it’s still better than other payment processors governing what the public can or can’t buy that which is legal.
Monero is going to be a tall order and we should not hold our breaths. But this is still good news.