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PayPal has confirmed it is considering on a stablecoin

PayPal has confirmed it is considering on a stablecoin

PayPal has reported to the media about its upcoming project, to have a stablecoin which it is expected to be named PayPal coin.

stablecoin is a virtual currency that are pegged to traditional properties like dollar and gold. It differs from cryptos such as Bitcoin.

PayPal has operated online payment system throughout the world. Due to raising cryptos these years, it stepped into crypto space in 2020. Its entrance to this era has been successful so it can take less time for PayPal’stablecoin to turn out as virtual reality.

It’s not exactly clear when the PayPal real launch is. The executive stated that the project is in early stages. The company needs to clarify the details of this huge project.

It is said that the news originates from iOS developer when he found code from the PayPal code app for iOS.

About Humano

He is a freelance writer based in Turkey. He loves NFTs, football, film and technology.

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