PayPal may launch stable coin PayPal coins

Payment processor PayPal has been making inroads into the cryptocurrency market. In 2020, it has allowed people to buy and sell cryptocurrencies, but it is only available to Americans. The company is exploring options for creating a stablecoin, according to PayPal’s senior vice president of crypto and digital currencies Jose Fernandez da Ponte, in a statement to Bloomberg.

In general, stablecoins are more reliable than other digital currencies, because their value is tied to a reserve currency like the dollar or rupee. A stablecoin is a cryptocurrency whose value is tied to a commodity or currency that is more stable. Bitcoin, for example, could be worth $47,000 one week and roughly $42,000 the next; whereas stablecoins will still be the same the following week.

View full article

--

--

--

Fintech , Blockchain, Crypto NEws, Blockchain and Defi and CryptoCurrency Market News on daily Basis

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Crypto Business World

Crypto Business World

Fintech , Blockchain, Crypto NEws, Blockchain and Defi and CryptoCurrency Market News on daily Basis

More from Medium

Building a path to sustainable finance and blockchain adoption starts with payments

xSpend: The Answers You Need To Know

Actifit Weekly Staff Picks #124📖💪🏃🏅 Actifit Gadget Prize #112 Results — Round #113 Kicks…

Why choose Cryptocurrencies?