BREAKING Paypal has just launched a stablecoin

Now your coins will be put on hold too, also with so much kyc why don't one have simple pp transfer.
 
Now your coins will be put on hold too, also with so much kyc why don't one have simple pp transfer.

They already did that with dollars, what's the difference now?
 
I had at most like 5k asi don't keep a lot, but this month it will change as i doubled down on my work and hired more people so it will be 5-10k
Here you go the answer why, wait till you stock a $20K or proceed more than 1000's of transactions of similar amounts, they will start bit****.
 
Here you go the answer why, wait till you stock a $20K or proceed more than 1000's of transactions of similar amounts, they will start bit****.
i proceeded probably around 500 transactions through years or more
 
Wonder if it will be the first crypto coin that can be charged back, LOL.
still erc 20 on eth network, the gas fee is not cheap, there means every transaction will be on l2 in Paypal's own network. if it has a low fee and no chargeback, instant swap between token and balance, with one click checkout, that will be a good payment solution.

be aware tough if you guys use this, it will be linked with KYC

https://techcrunch.com/2023/08/07/paypal-launches-pyusd-stablecoin-for-payments-and-transfers/
 
Why don't they launch on other chains ?
The fee on Ethereum is quite expensive .

I guess this is just the beginning. Remember just a while ago PP would ban you for as little as suspecting crypto activity. Now they're head first into crypto. Big policy shift
 
really not excited about this, paypal is never to be trusted.
 
One of the worst things that can happen to the Decentralized World of Crypto-Currency.
I don't think it will work for PayPal and frankly I don't think it will get into any Crypto Exchange
 
Paypal + stablecoin = Great.. But, only in a case it will make paypal more comfortable platform for online sellers (if accounts stop getting banned without any reason)
 
Paypal + stablecoin = Great.. But, only in a case it will make paypal more comfortable platform for online sellers (if accounts stop getting banned without any reason)

That'll never happen IMO. Banning accounts without reason is an ageless tradition at online payment processors. The day they stop, they're no longer in business.
 
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