Home » PayPal is thinking of launching its possess cryptocoin, report states

PayPal is thinking of launching its possess cryptocoin, report states

PayPal is considering launching its own cryptocoin, report says

PayPal is seeking into its own cryptocoin.


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PayPal is reportedly thinking about launching its very own cryptocurrency backed by the US dollar as the venerable on the net payment business continues to combine approaches to have interaction with digital cash on its platforms.

The organization is just exploring the notion of releasing its possess stablecoin, a cryptocurrency backed by and joined in price to an existing currency, PayPal verified to Bloomberg. Developer Steve Moser dug all around in the PayPal application and found evidence that the company was tinkering with a cryptocurrency known as “PayPal Coin” backed by the US dollar.

CNET has reached out to PayPal for comment.