Received Life Ban, Ripple CTO David Schwartz Recognizes PayPal As Best Paying Company

CTO Ripple David Schwartz (Coinex)

JAKARTA – Ripple official David Schwartz recently revealed that PayPal is the best company for online payments in US dollars. Schwartz, who is the Chief Technology Officer (CTO) at Ripple, issued the statement via Twitter. Even though he was banned by PayPal for life because of conflicts that occurred in the past.

Reporting from U.Today, Schwartz's problems with the online payment giant began 10 years ago. However, recently Schwartz's PayPal account was frozen. In November 2019, David Schwartz mentioned the “life ban” that PayPal had imposed eight years earlier.

I had to get someone else to pay my tour guide for me today and I paid them back in cash. They only take @PayPal and I have a lifetime ban. This perfectly symbolizes what has motivated me the past 8 years.

— (@JoelKatz) November 14, 2019

According to a recent tweet, this ban has been removed, and the user experience has been “spectacular” ever since. Now, Ripple's CTO says PayPal is his favorite way to make payments in dollars via the internet.

He also mentioned that the case between him and PayPal got a lot of public attention, and that's probably the reason why he's being treated so well now. However, Schwartz also stressed that he has not condoned the treatment the US payments giant has received prior to his current circumstances.

In late 2020, PayPal ventured into the crypto world and promised to expand the exposure of its millions of customers to digital currencies in the future. In November, purchases of Bitcoin, Ethereum, Bitcoin Cash, etc., were enabled, but customers were not allowed to move their crypto outside PayPal.

In March last year, the company allowed US clients to use crypto to pay more than 26 million traders who collaborated with PayPal. In late May 2021, the payments giant announced that its clients would soon be able to withdraw Bitcoin, Ethereum, and Litecoin to external cryptocurrency wallets. In the fall, PayPal customers in the UK were also allowed to start buying crypto through the platform.