PAYPAL Stablecoin Takeover?! What PYUSD Means For Crypto!!
🚨 New video Alert 🚨
There is a new stablecoin provider in town, and it's from a CeFi giant that is trying to take over crypto payments. The news that PayPal was entering the stablecoin market with their PYUSD was met with mixed emotions.
‘Some think that it could lead to greater retail adoption given the reach of the payment provider. Others are concerned that it's habit of "de-banking" certain accounts could be done much more efficiently with a stablecoin.
What does the launch of this stablecoin really mean?
Well its covered in our latest video! Enjoy.
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Bloomberg announcing the launch of PYUSD: https://www.bloomberg.com/news/articles/2023-08-07/paypal-launches-us-dollar-stablecoin-pyusd-for-payments-transfers?srnd=premium
► FT piece about the failure of Facebook’s Libra: https://www.ft.com/content/a88fb591-72d5-4b6b-bb5d-223adfb893f3
► Laura Shin interview with José Fernández da Ponte, PayPal’s crypto SVP www.youtube.com/watch?v=KoqmqqJJNjY&t=0s
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
