Big crypto news to start the week – – Paypal is launching a crypto stablecoin on Ethereum. The bigger news in my opinion is how in just February, Paypal paused its efforts because of regulatroy clarity missing in crypto.
Paypal launches 1 – https://www.coindesk.com/business/2023/08/07/paypal-to-issue-dollar-pegged-crypto-stablecoin-bloomberg/
Paypal launches 2 – https://www.theblock.co/post/243569/paypal-launches-stablecoin-on-ethereum-citing-shift-toward-digital-currencies?utm_source=twitter&utm_medium=social
Paypal pauses – https://www.theblock.co/post/210710/paypal-pauses-stablecoin-project-amid-paxos-probe-bloomberg
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While paypal's stablecoin is something I would stay away from it does show forward momentum with crypto as a whole and puts pressure on other payment systems to further adapt and accept crypto. Crypto is inevitable
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HUOBI …. Bankrupt… 500 million missing Justin sun involved is what I’m hearing
They’re front running X (Twitter), who’ve been working on something similar. Don’t be surprised if Apple are next
Where are you traveling too?
A new stable coin backed by America Fiat that gets printed out of thin air and becomes more worthless by the day. This is moving backwards… literally the opposite of bitcoin. What a joke. This the same company that has one of the lowest customer service scores out there, and last year tried to fine people based on what they say. Violating free speech. Stay away!