PayPal PYPL , the internet payments pioneer cofounded by Tesla billionaire Elon Musk, sparked a huge backlash yesterday with a shock new policy that was quickly reversed. "Paypal reserves the right to take your money if you post a message that Paypal decides is "misinformation," Carr posted to Twitter. "PayPal censoring speech and blocking payments is the best thing that has happened for the adoption of crypto payments with stablecoins," prominent crypto investor Santiago Roel Santos tweeted. "Buying Twitter is an accelerant to creating X," Musk said following his reinstated deal to take Twitter private. X.com was the name of Musk's early 2000s payments company that eventually became PayPal.

Source: Forbes October 09, 2022 23:51 UTC