Post
Topic
Board Altcoin Discussion
Re: Paypal launches an Ethereum-based Stablecoin!
by
gabbie2010
on 27/08/2023, 21:38:02 UTC
Paypal launches an Ethereum-based Stablecoin!  Here's the low-down:

Pros:
1) Adoption potential for crypto among "normies"
2) Interact with Ethereum DeFi
3) Can be used at Paypal checkout window of websites

Cons:
1) Very centralized
2) Similar to a CBDC

Get the inside scoop:
https://www.youtube.com/watch?v=kxrnQfGUNc4


It's a welcome development for freelancers and people who buy who are usually paid with PayPal but has some issues in the process of exchanging it to fiat but with the introduction PayPal stable coin which is invariably a crypto coin which would definitely be adopted by many exchange giving ample opportunities for the hodlers to exchange their coin to Ethereum or other cryptos, though being a centralized stable coin makes it untrustworthy but to be on a safer side it's better to exchange it to a reliable and trusted crypto such as Ethereum.