Post
Topic
Board Economics
Re: It's good that financial instutions Understood that they need to use crypto
by
taufik123
on 15/09/2023, 23:27:12 UTC
I'd rather avoid the use of Paypal stablecoin.  Since there are already stablecoins in the market.  I do not know but I am a bit skeptical about using the Paypal stablecoin probably because of the previous bad news about PayPal freezing its customer funds.  Aside from that using USDT, BUSD or USDC  is convenient for me since I do not have to worry about since I have been using them for years now.
-snip-
Quite a basic concern, I am also skeptical about using Paypal even though Paypal now has PYUSD which is PayPal's stablecoin. it is better to replace existing stablecoins without the possibility of being frozen.

Paypal's stablecoin also uses the Ethereum network, but Ethereum transaction fees will also be more expensive when the gas fee goes up and there are many networks that have cheaper gas fees.
So it's not good enough for my use because of the transaction fees.