Let's go talk about PayPal after we saw the interesting plan (also in Italy) to propose i payments in installments. This time, however, we are talking about the crypto sector, unknown to many but without secrets for others. According to what revealed by Bloomberg, the online payments giant (which we recall, was founded by Elon Musk, current CEO of Tesla) has plans to expand its interests in the field of stablecoin. This term is used to indicate more serious cryptocurrencies than the so-called shitcoin. But let's go see the details.
PayPal does not hide its plans: the proprietary cryptocurrency (stablecoin) that could be called PayPal Coin is in the pipeline
At a time when Unicredit has ditched several users who buy cryptocurrencies through their account, here is PayPal throws the bomb. The news comes from the developer Steve Moser who spotted this information in the source code of the US giant's iPhone app. This news comes at a time when all cryptocurrencies are in one deadlock and this could confirm what is called the “uptrend” in the jargon. Certainly PayPal and its cryptocurrency could come up with a positive effect on the market.
Jose Fernandez da Ponte, SVP of Crypto and Digital Currencies by PayPal, did nothing but confirm these rumors in a statement issued to Bloomberg. In fact, he said:
We are exploring a stablecoin; if and when we try to move the project forward, we will obviously work closely with the relevant regulatory authorities
Recall that PayPal is not new to this world. Earlier, the online payment giant unveiled a program for buying, depositing and paying in digital assets. The Jose Fernandez da Ponte then states:
There should be clarity on regulation, regulatory frameworks and the type of licenses needed in this area
It is therefore clear that the project exists, but if the "political will" to regulate these decentralized payments missing, then the project may not see the light.
