Paypal is secretly working on its own Stablecoin.

    0
    922

    Payment service provider PayPal is looking into launching its own stable coin as the company grows its crypto business, a company spokesman confirmed on Friday.

    The news was first reported after evidence of PayPal’s exploration into building its own stablecoin was discovered in the company’s iPhone app by a developer. Hidden code and images show work on what is called a “PayPal Coin.” The code shows the coin would be backed by the U.S. dollar.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here