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posted by janrinok on Sunday January 09 2022, @07:01PM   Printer-friendly
from the stable-coin-might-exit-the-barn dept.

PayPal confirms it's exploring the launch of its own stablecoin:

PayPal has been expanding its cryptocurrency business since it opened trading to all users in 2020. It allowed US customers to check out with cryptocurrency and increased its crypto buy limit over the past year. In the future, it might also offer a stablecoin of its own. Jose Fernandez da Ponte, SVP of crypto and digital currencies at PayPal, has confirmed to Bloomberg that the online payment provider is "exploring a stablecoin." He also said that the company will work closely with relevant regulators "if and when [it] seek[s] to move forward."

A developer named Steve Moser found hidden code and images for a "PayPal Coin" in the company's app and shared them with Bloomberg. Based on what he discovered, the PayPal Coin will be backed by the US dollar.

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  • (Score: -1, Troll) by Anonymous Coward on Sunday January 09 2022, @09:44PM (2 children)

    by Anonymous Coward on Sunday January 09 2022, @09:44PM (#1211324)

    As opposed to the Jewish jihadis?

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  • (Score: 2, Informative) by Anonymous Coward on Sunday January 09 2022, @10:19PM (1 child)

    by Anonymous Coward on Sunday January 09 2022, @10:19PM (#1211327)

    That's absurd.

    We have a fascist movement right here right now today that wants to enshrine Protestantism, or some twisted version thereof, as the state religion in the USA. My grandmother's Christian Reformed faith was downright reasonable compared to some of this nonsense, especially some of the more absurd like Christian Identity that radicalize decent people and turn them into Q-conspiring Christian mullahs. Watching large numbers of people begin believing this shit has convinced me that there may or may not be some kind of cosmic superbeing or enlightened state of superbeing, but there is certainly a devil, and an increasing number of her servants claim to be Christians.

    • (Score: 0) by Anonymous Coward on Tuesday January 11 2022, @01:01AM

      by Anonymous Coward on Tuesday January 11 2022, @01:01AM (#1211662)

      It's always the ones yelling loudest about "freedom" that want everyone to do what they say.