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Illegal Streams Let Criminals In
(lemmy.federate.cc)
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PayPal is nice since it gives virtually zero trust to the seller to secure customer info. But as you alluded to, PayPal has lots of problems mostly stemming from it trying to get all of the benefits of being a bank while accepting none of the responsibility of being a bank, and therefore customers receive none of the benefits of a bank while still getting all of the drawbacks of another entity handling their money