PayPal dropped a newly introduced policy following angry outbursts from its users and top stakeholders such as Elon Musk.
Some crypto community members argue that the action could have boosted crypto adoption.
Crypto Twitter believes that PayPal’s misinformation policy could cause greater crypto adoption. Recently, PayPal issued a policy (named PayPal’s acceptable use policy, AUP) where it could sanction users for misinformation. Any person it deems guilty would have to pay up to $2,500 in fines.
The payments giant said that it no longer allows any activities that involve posting, publishing, or sending content, materials, or messages that misinform users or are liable to cause a risk to users’ well-being or safety. PayPal added that there would be an independent review committee for various offenses, and any guilty user may have to pay fines (up to $2,500) for violation.
However, the company emphasized that the policy only applies to users’ actions on its platform. Unfortunately,...
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