Blockchain

PAYPAL Stablecoin Takeover?! What PYUSD Means For Crypto!!



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📺Essential Videos📺

PayPal Stablecoin 👉 https://www.youtube.com/shorts/XOltKhRySs0
PayPal UK Stops Crypto Purchases 👉 https://www.youtube.com/shorts/89i1o5IamkQ

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⛓️ 🔗 Useful Links 🔗 ⛓️

► Bloomberg announcing the launch of PYUSD: https://www.bloomberg.com/news/articles/2023-08-07/paypal-launches-us-dollar-stablecoin-pyusd-for-payments-transfers?srnd=premium
► FT piece about the failure of Facebook’s Libra: https://www.ft.com/content/a88fb591-72d5-4b6b-bb5d-223adfb893f3
► Laura Shin interview with José Fernández da Ponte, PayPal’s crypto SVP https://www.youtube.com/watch?v=KoqmqqJJNjY

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– TIMESTAMPS –
0:00 Intro
1:00 Context
1:57 PYUSD
3:06 PayPal, Libra, And Regulators
5:07 Why PYUSD
6:17 How It Works
7:54 Reception
10:28 Outro

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Crypto #PayPal #PYUSD #BTC

27 Comments

  1. I've been using stable coin crypto to pay for most things for a couple of years now. I use the Coinbase card and although it instantly converts my crypto payment to USD and pays the merchant in USD, I'm still technically using my USDC crypto to pay for everything.

  2. They froze my account in early 2022. They never gave me a reason. Just kept asking for more and more documents that I didn't have. It was quite a lot of money and they kept it. It makes sense to me now that I was seeing a glimpse of the social credit system that the elites are trying to build.

  3. I am not enthusiastic about paypal stablecoin simply because it is centralized. It can only contribute to the general promotion of crypto technology and its advantages in general…thanks a lot for your work guys!

  4. I don't care I don't use PayPal and I don't use bit coins and will never accept them as any kind of payment. And I only accept cash anymore and like cash

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