PayPal blocks transactions in Greece is preparing Bitcoin

After the imposition of controls που εφάρμοσε η κυβέρνηση και το «πάγωμα» των διαδικτυακών υπηρεσιών πληρωμής που στηρίζεται στις παραδοσιακές τράπεζες και στις πιστωτικές κάρτες για να μεταφέρει χρήματα, οι Έλληνες δεν θα μπορούν πλέον να χρησιμοποιούν και τους λογαριασμούς τους στο . PayPal capital control

As stated by a PayPal representative:

"Due to the recent decisions of the Greek authorities for capital controls, the payment of PayPal from the Greek bank accounts as well as the cross-border transactions financed by the cards or the bank accounts, are not available at the moment. Our goal is to continue to serve our customers in Greece in full as we have been doing for over a decade ".

This reflects the fact that both PayPal and other financial technology companies depend on the traditional instruments created to disrupt. The truth is that there is an old-style bank in the heart of every financial start that tries to throw the old guard off things.

Something similar happens with digital bitcoin.

Coinbase which enables the world to buy and store bitcoins is based on Bank of Santa Clara, California to convert bitcoins into US dollars or other currencies despite the company's advertising that with bitcoin you are using a global currency that is not controlled by any country or banking company.

Therefore, despite the fact that many of these companies are presented as an indispensable competitive tool in the traditional banking system, the closure of PayPal in Greece reminds us of how difficult it is not to mediate banks at all in the flow of money.

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Written by Dimitris

Dimitris hates on Mondays .....

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