Paypal Coin: Payments Giant Explores Launching Stablecoin to Boost Crypto Off...
Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc. is reportedly exploring the launch of its own stablecoin backed by the U.S. dollar as part of the company’s cryptocurrency push, Bloomberg reported Friday. Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at Paypal, confirmed to the publication: We are exploring a....
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PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin. PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app.PayPal senior vice president of crypto and digital currencies Jose Fernandez da Ponte said at the time that if the company plans to move forward with the stablecoin, it will do so while working closely with relevant regulators — an approach that could help the fintech firm avoid the....
The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. 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.Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told Bloomberg News:“We are exploring a stablecoin; if and when we seek to move forward, we....
U.S payments giant PayPal is launching its U.K crypto service this week. The U.K is the first market to get this after the initial U.S rollout in October last year. PayPal’s move into crypto was met with a mixed response. On the one hand, some were surprised the firm was getting involved with crypto. Then […]
Payments giant PayPal has launched the ability to use bitcoin and other cryptocurrencies as payment methods.
PayPal CEO Dan Schulman confirmed that the payments giant is working on launching crypto services in the U.K. If all goes according to plan, this could be as soon as August. “We’re going to launch, hopefully, maybe even next month in the U.K., open up trading there.” The path to adoption is a bumpy one. […]