---

smart summary beta

In a symbolic move that highlighted the progress cryptoassets have made in recent years, PayPal announced last weekthat it would make cryptoassets such as Bitcoin and Ethereum available to its 346 million users.

The DeFi first firm which aims to build the financial services infrastructure for the global digital economy of Web 3.0, provides a service through which users can purchase, store, and trade their cryptoassets.

Secondly, because users don’t control their private keys, they have to abide by all PayPal rules and restrictions.

As such, users cannot spend their cryptoassets as they wish, but can instead only use it to complete transactions to PayPal merchants.

Users of PlasmaPay, however, can use their cryptoassets in any way they choose fit.

This is because they own their own private key, and as such are free to do whatever they want with their funds.

As well as limiting how users can spend their cryptoassets, PayPal is also limited in who can access the service.

PlasmaPay, on the other hand, is available to users in 165 countries and offers a wide range of options through which users can purchase cryptoassets.

Users can use their funds as they choose to, not as is prescribed for them.

Goto Full Article