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Paypal froze the Rippaverse account! (www.youtube.com)

posted 2 years ago by Skywise 2 years ago by Skywise +58 / -1

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– Grumman 27 points 2 years ago +27 / -0

Because the people who could fix the problem haven't. There is no alternative payment processor available that does what a payment processor should do and doesn't do what it shouldn't do.

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– almond_activator 3 points 2 years ago +3 / -0

If you listen to Peter Thiel and Elon Musk and the others who were in on the ground floor of Paypal as venture capitalists, it's basically illegal to found a Paypal competitor now; the ladder got pulled up after Paypal finished climbing it.

The compliance costs alone prohibit another payment processor startup.

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