Far left wants to crush PayPal, Zelle and you can take that to the bank
Fox News
It doesn't matter how much Americans use or even love payment processors like Zelle and PayPal, the far left wants to wreck those firms and replace them with more ... government.
However, fewer Americans are aware that these same big-government politicians have also had it out for PayPal, Venmo and the rest of the peer-to-peer payment processors for quite some time now — and for quite the same reasons. Lynn Westmoreland was a member of the U.S. House of Representatives from 2004 until 2016. He served on the Financial Services Committee and its Subcommittee on Financial Institutions and Consumer Credit.
Most Americans know that big-government politicians have long had a vendetta against Bitcoin and today’s other cryptocurrencies. They, of course, view them as competition to the hegemony of the U.S. dollar, which the radical left relies upon to fund its reckless spending priorities. These progressive politicians see regulating these private marketplace options and ultimately replacing them with a government-run cryptocurrency as the only sustainable path forward.
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