- 19 January 2022
- Posted by: Cryptovalues
- Category: Companies, Cryptovalues News, World News
Payments giant PayPal is “exploring” the launch of its own dollar-backed stablecoin. Statements released by senior vice president for cryptocurrencies and digital currencies Jose Fernandez da Ponte are telling in this regard:
“We are contemplating the launch of a stablecoin; if and when we move forward, we will do so by working closely with regulators.”
The rumors that had spread at the end of 2021 have therefore found confirmation in the words of the well-known cryptographic developer Steve Moser, who also made mention of the thing on his Twitter profile.
PayPal’s 2021 has seen the increased desire to keep up with the times and 2022 opens with the news of a cryptographic project.
Last March the purchase for 200 million euros of the startup “Curv” specialized in cryptographic security. Recently the enablement also to the rest of the world of the Checkout With Crypto service that enables crypto payments at the about 29 million merchants worldwide that accept Paypal as a means of payment.
We also remember a few months ago the removal of quantitative limits, allowing PayPal customers in the U.S. with certain requirements, the ability to buy digital currency up to $100,000 per week, completely eliminating the annual purchase limit.
PayPal anticipates and anticipates the times, but what is striking is the obstinacy with which the U.S. company sets objectives in the field of digital currencies that it punctually reaches and that allow it to act as a forerunner and model to follow.