PayPal Holdings is seriously considering diving headfirst into the world of cryptocurrencies. This payment platform, one of the most important at the moment, does not want to be left behind and that is why it is exploring the possibility of launching its own stable currency, or ‘stablecoin’.
This was confirmed by José Fernández da Ponte, senior vice president of cryptocurrencies and digital currencies at PayPal, in a statement to Bloomberg News. “We are exploring a stablecoin. If we decide to move forward, we will of course work closely with the relevant regulators.”
PayPal’s bet was initially uncovered by developer Steve Moser, who discovered the new currency’s logo, as posted on Twitter. With all this, the ‘stablecoin’ would bear the name of PayPal Coin and its value would maintain parity with that of the US dollar, although it is very likely that, if it finally hits the market, both the name, the logo and even the approach will change with respect to filtering so far.
The US company has been involved in an effort to adopt cryptocurrencies for months, launching new features to buy and hold digital currencies, as well as the ability to pay for purchases with money.
If confirmed, PayPal would join other tech giants exploring launching their own currency, such as Meta Platforms, formerly Facebook, or Visa, which in recent months allowed a US dollar-backed stablecoin to settle a transaction with the US dollar. net.
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