[heheocoenev]

Paypal doesn't serve many countries. Has high fees. Can arbitrarily lock you away from funds or freeze accounts. Censors Transactions. Banking law does not apply as they are a transmitter, not a bank. Many many reasons not to PayPal.

[brucephillips]

If you look into the reason for each of those constraints, you'll find that any cryptocurrency exchange will eventually have to face the same challenges.

I think it was Hector-Garcia Molina who used to talk about how NoSQL proponents were so excited about the scale benefits, but just hadn't yet realized that they need ACID, normalization, etc.. That's who cryptocurrency advocates remind me of. Just because some features are superior currently, doesn't mean those features are consistent with future, inevitable constraints.

[kevin_thibedeau]

They are a bank in Europe.

[vertex-four]

On the other hand, Europe broadly has better ways to transfer money. For example, anyone with a mobile banking app can transfer money to anyone else who's registered their mobile number with their bank - even completely separate banks - near-instantly, with an hour's delay in extreme cases, in the UK. And I often hear that other countries have significantly better infrastructure than us.