In the early days of Bitcoin (like 2013 and earlier) there were soo many entrepreneurs that tried to use Paypal for their fiat on-ramps. There even used to be a service that let you buy Bitcoins with credit cards and used Paypal to process payments. They did their own KYC and everything, with very low fraud rates despite the double-spend risk. Even with an interesting result: Paypal caused them nothing but misery. Every single merchant, trading system, wallet, or platform that tried to rely on Paypal came to regret it.

Paypals reputation in the FinTech space is that of creating a service that restricts as much as possible what can be done with your own money. All in the name of "security." Even though they seem to offer the worst security of any platform, coupled with the now infamous risk of having your funds "frozen" for any arbitrary reason. In short: I literally cannot think of a company I would trust less with digital currencies than Paypal. And seeing them support any of them just makes me think "wow, you fucking phonies."