The majority of the community and the experts in the industry are happy with the new mega-player in the business, but there are some disadvantages. Users won’t control their private keys, can’t send funds between each other, and can’t send out from the platform. So basically users have no bitcoin, but a balance, accounting in bitcoin. The only true feature is the purchasing by the company, behind every change by users, from fiat to crypto.
These disadvantages are against the fundamentals of crypto-philosophy, and it’s not a miracle, there is a competitor, who wants to fix this. PlasmaPay isn’t a new member in the sector, but they planning a new version, with defi-features, and targeting PayPal’s markets. It needs a huge self-confidence, to attack the biggest predator in the territory.