PayPal pauses Stablecoin development amid regulatory crackdown

2023-2-11 14:10

Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry.  Its stablecoin development partner Paxos is currently facThe post PayPal pauses Stablecoin development amid regulatory crackdown appeared first on AMBCrypto. origin »

USDx stablecoin (USDX) на Currencies.ru

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stablecoin paypal regulatory development pauses amid crackdown

Источник: ambcrypto.com

stablecoin paypal → Результатов: 29


Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions

Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets.

2023-8-10 04:00


PayPal USD Debut: Why Its New Stablecoin Is Triggering Apprehension

PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such as “purchasing, vending, retaining, and transferring” the token using the payment processor’s interface.

2023-8-8 12:17


Фото:

PayPal Draws Closer To Highly-Anticipated Stablecoin Launch As It Looks To Edge Out BTC Transaction Volume

A trail of codes from an internal hackathon hosted in November has revealed possible hints of the plan for Stablecoin adoption by the global payments giant, PayPal. The trail of codes first noticed by Steve Moser, a renowned developer, inside its native iOS application revealed that the company may likely delve into a native Stablecoin […]

2022-1-9 20:25


PayPal Reportedly Discussing Its Own Stablecoin

Online payment operator PayPal is hitting the newswire today, reportedly discussing the creation of their own fiat-backed stablecoin. Adoption of broader mainstream crypto within major companies continues to grow, exemplified by this and other recent company discussions, such as eBay CEO Jamie Lannone discussing new potential payment options and potential utilization of NFTs in recent […]

2021-5-5 03:49


Pornhub adds support for Tether following PayPal’s ban last year

Pornhub, a leading adult entertainment website, recently began supporting a new cryptocurrency payment method after PayPal ended support for the company’s models last year. Pornhub’s management notes that it will now accept major stablecoin Tether, which maintains a one-to-one peg with the US dollar and currently has a market capitalization of over $4.

2020-1-23 19:06


Facebook’s Secret Cryptocurrency Led by PayPal Alumni Just ‘Months Away’ from India Launch

By CCN: Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well as integrating with major e-commerce players.

2019-5-9 12:49


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