January 29, 2023

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PayPal has become an episode of Black Mirror: Elon Musk By Cointelegraph

1 min read


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PayPal (NASDAQ:)’s former leadership, also known as the “PayPal Mafia,” have slammed the payments giant for its debanking policies of late, with one co-founder calling the freezing of funds “totalitarian,” while another compared it to an episode of Black Mirror.

Despite becoming crypto-friendly in recent years, the payments tech giant has caught a lot of headlines and pushback over its de-platforming practices, which reportedly involve a rather abrupt process of freezing funds, fines, and frosty negotiations to unlock the accounts of its users for varying reasons.

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