Skip to main content

PayPal Coin: Plant PayPal eigene Stablecoin?

 


Based on statements by a developer who found information about a possible stablecoin from the service provider within the PayPal app, there were already rumors about the development. The payment service provider has now confirmed the plans.


At the large American service provider PayPal, the planned introduction of the company's own stablecoin "PayPal Coin" was allegedly confirmed . The first hint of these plans was found by developer Steve Moser within the programming code of the company's iPhone app.


 


Vice President of Crypto and Digital Currencies at PayPal, Jose Fernandez da Ponte, confirmed these future plans to the Bloomberg News agency.


PayPal Coin confirmed

He told the news portal that research is currently taking place on a stable coin. He also confirmed that there would be close cooperation with the regulatory authorities in the event of an introduction.


Apparently by chance, developer Moser's discovery unplanned revealed that PayPal is working on the stablecoin, which is to be linked to the US dollar. The completed analysis of the iPhone app should generally be viewed with caution. The source code in question was only developed in a recent hackathon.


The name mentioned in the source, the logo and the specific design of the company's PayPal coin have not yet been confirmed. Should there actually be an introduction, many parameters can still change. Basically, the conditions and requirements for the stablecoin are in place. With the implementation of additional functions related to the implementation and handling of digital currencies, PayPal has created the best possible framework for an introduction.


Another clue that speaks for the introduction and implementation of the project is an interview with the Vice President for Cryptocurrencies and Digital Currencies from November 2021. Da Ponte stated in this interview that no stablecoin is yet known for PayPal, which one designed in particular as a means of payment. He said at the time that the introduction of a stablecoin should mean that large payments can be processed and that there is also a high level of security.


At the same time, the company is focused on pushing further expansions of its own crypto service offerings, e.g. in Great Britain, outside the USA.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more