Paypal Shuts Down in Greece – Bitcoin Still Operates

As if everything to do with cash is okay enough, Greeks no longer have access to their PayPal accounts, reports Quartz. Capital controls imposed by the Greek government indicate that Greek citizens can just withdraw 60 euros (effectively 50 euros after ATMs have actually lost 20 euro notes) and online payment service, PayPal, has been left crippled, as a result. PayPal counts on the traditional banking sector and credit card market for all its transactions to flow. Reported by a PayPal spokesperson today: Due to the recent choices of the Greek authorities on capital controls, funding of PayPal […]

The post Paypal Shuts Down in Greece – Bitcoin Still Operates appeared first on CCN: Financial Bitcoin News.

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