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Sunday, July 3, 2022
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    HomeTechPayPal is considering launching its own cryptocoin, report says

    PayPal is considering launching its own cryptocoin, report says

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    PayPal is trying into its personal cryptocoin.


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    PayPal is reportedly contemplating launching its own cryptocurrency backed by the US greenback because the venerable on-line cost firm continues to combine methods to have interaction with digital cash on its platforms.

    The corporate is simply exploring the concept of releasing its personal stablecoin, a cryptocurrency backed by and linked in worth to an current foreign money, PayPal confirmed to Bloomberg. Developer Steve Moser dug round within the PayPal app and found proof that the corporate was tinkering with a cryptocurrency referred to as “PayPal Coin” backed by the US greenback.

    CNET has reached out to PayPal for remark.



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