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RE: Coinbase Opens PayPal competitor
I'll keep an eye out for this. I just started using Coinbase, and didn't realize their fees were high. I think the bottom line is that there is money to be made in anything related to money. Money (fiat/crypo) services are needed by everyone on the planet. So they put their hand out and we pay!
Yes since its one of the largest people automatically turn to them to purchase crypto. However if you can imagine the journey. You are fortunate to buy crypto with credit cards and you get hit with say 1.5% fee then you buy Crypto with a 1.5% fee and if you dont have GDAX to transfer it out of coinbase then you get hit with another fee for miners. So before you have even started you have been bombarded with 3 transactional fees.
No there are companies like robinhood (US only so far) and bread wallet that are offering other opportunities to buy crypto without these fees.
I will check them out. Thank you!