Post
Topic
Board Altcoin Discussion
Re: PayPal might issue its own cryptocurrency soon, says CoinShares exec
by
adzino
on 28/10/2020, 07:16:55 UTC
Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec.

https://cointelegraph.com/news/paypal-might-issue-its-own-cryptocurrency-soon-says-coinshares-exec
The article says that they are going to  make a digital currency similar to digital dollar. I doubt it is going to be anything like crypto currencies. Probably some blockchain based (completely centralized) currency, but not a crypto currency.
Even if they do make a crypto currency, highly likely it is going to be something like a stable coin whose value is pegged to the value of fiat US or any other currency they deem fit. Though this sucks that you can't transfer (or probably receive) bitcoins to your wallet, but at least you can make purchases using your bitcoin from any merchant that accepts bitcoin.