PayPal is considering launching its own stablecoin. crypto cryptocurrency PayPalcoin
Paypal Is Exploring Launching Its Own USD-Backed Stablecoin
Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at Paypal, confirmed to the publication: The evidence of Paypal’s stablecoin was first spotted by developer Steve Moser, who shared his findings with the news outlet. He noticed hidden code and images in Paypal’s app showing work on “Paypal coin” that is backed by the U.S. dollar.
Fernandez da Ponte recently said on the Unchained podcast that Paypal has “not yet seen a stablecoin out there that is purpose-built for payments,” the publication conveyed.
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