American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.
While PayPal’s digital asset is in the making, the name, logo and features of the in-house token are subject to change prior to launch. Supporting the ongoing development,interview
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PayPal talk to shahafbg from $COTI COTInetwork, COTI is the only L1 payment solution and they have a StableCoin factory for your PayPal coin.
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Can this news really surprise anyone now? More and more companies are planning to create their own coin ! This is fine and it is quite expected)
Well, one more stablecoin. I only use usdt for buying crypto and that’s okay.
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Everyone wants to have their own dollar. 😂
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I'm happy for PayPal and their attempts to create their own stablecoin, but I don't understand why not just use the well-known Tether, which is collectively the best stablecoin on the marketplace?
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I see no reason not to use USDT. Let's create another stablecoin ...
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I don't see the point in PayPal Coin
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What's the point of me using this? I'd rather continue using usdt, busd, dai.
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Smart move. Move funds utilizing an in house crypto to reduce their cost. Probably will save them quite a pretty penny which will increase their stock for sure.
Every payment processor making their own stablecoin a CBDC scheme?
can i use it with my ronin wallet?
Why have all of my attempts to purchase crypto recently failed? It's like the entire industry has gone criminal. Just phishing for social security numbers and ids.
They lost a lot of business when clueless Joe made them turn in people that spend or hold $600 a year to the irs now
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Necessary tho? Lol
Is $COTI behind this?
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Don't 'reportedly' and 'confirms' cancel each other? Lmao
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is it possible to somehow reduce the commission?
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Paypal hold my funds $401 for 180days , do you think I will trust to digital currencies Paypal
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$EURST is on it's mission to create proper understanding and transparency of the use of blockchain for accessing a new payment method. It's a stable coin and already trading on and available for custody in BitGo. eurst_io Erc20
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I don't understand why they need to create their own stablecoin. We already have usdt, so they could continue to use fiat
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Why is everyone want to have his own stablecoin? We have Tether and it's enough.
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are people still using Paypal? Paypal will block you for no reason and hold funds for 6 months.
only $UST
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No need to invent anything. USDT has been around for a long time
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Blockchain technology is one that any financial institution should find a way to innovate on to keep their business growing. As more and more companies are using blockchain technology in different ways, the cryptocurrency adoption will continue to grow. Crypto is here to stay.
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