Bank of America Ices Ex-PayPal CFO's Account, 'Did You Buy Any Bitcoin?'

Bitcoin figures could gain an unlikely new convert after the former chief financial officer of PayPalappears to have abruptly lost access to the banking system.

As Cointelegraph reported, PayPal is also known for its seemingly arbitrary account closures and freezing user funds.

Ex-PayPal exec urged to buy BTC. Then, as now, attention is focused on the ability of trusted centralized entities to control others' money.

With Bitcoin, it is impossible for a third party to cut off access, unless a user chooses to use a wallet to which they do not control the private keys.

A dedicated effort, Proof of Keys, continues to urge even existing Bitcoin holders not to store coins on exchanges or use third-party hosting.

"Did you buy any Bitcoin?" entrepreneur and Civic CEO Vinny Lingham responded to Botha.

Other well-known names from the industry followed, with venture capitalist Adam Draper likewise telling him to buy the cryptocurrency.

"It's like they're trying to promote Bitcoin," popular Twitter trader Rhythm added.

BoA itself already had a poor reputation regarding cryptocurrency tolerance.

Previously, the lender banned clients from using its cards to buy Bitcoin, while more recently showing an affinity for Ripple's blockchain offerings.