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What it could mean for payments -Breaking

by Mike Robinson

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PayPal (NASDAQ:) confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app.

PayPal senior vice president of crypto and digital currencies Jose Fernandez da Ponte said at the time that if the company plans to move forward with the stablecoin, it will do so while working closely with relevant regulators — an approach that could help the fintech firm avoid theSensations of the United States are furiousThis doomed Meta’s Diem cryptocurrency project.

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