Paypal launches an Ethereum-based Stablecoin! - page 3.

mk4

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Quote from: siedemtrzy on August 09, 2023, 06:29:07 AM

Still don't know how to feel about that. We already have a lot of stablecoin, and everyone who uses it already picked one. Those who don't use it won't need it. On the other hand, it might bring new people, but I'm not sure if centralized stablecoin is the right way to do that.

How is it bad? The more stablecoins we have, the more the competition is. And the more the competition is, the more these companies are incentivized to actually not fuck up the users of their stablecoin and to do good to be able to get more market share.

eaLiTy

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Quote from: GateioExchange on August 09, 2023, 05:07:01 AM

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

Every popular stablecoin in the market are centralized and you cannot trust even some of the most popular stabecoins as there is not much transparency and they are minting out coins left and right. With Paypal there will be a wider acceptance to their stable currency and with regulators trying to find ways to regulate the market, it is a welcome move as it might help in the long run.

passwordnow

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Get to see more of them coming from these payment processors. But in fairness to PayPal, they don't land quickly in building a stable coin without having the adoption first by accepting Bitcoin, Ethereum and other cryptos on their platform.
So, it's like all set that this is together with those adoption but before, they don't allow to withdraw crypto. And everything has started to change when they've been open with the withdrawals and now with this, they've got userbase and for sure that this is going to be used by many of their users.

yazher

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Quote from: siedemtrzy on August 09, 2023, 06:29:07 AM

Still don't know how to feel about that. We already have a lot of stablecoin, and everyone who uses it already picked one. Those who don't use it won't need it. On the other hand, it might bring new people, but I'm not sure if centralized stablecoin is the right way to do that.

At least we have more stablecoins that are somehow trusted than the others. I believe in a time when the crypto market is congested, most investors will badly need it. They won't gonna need to research anymore because they know that Paypal is something that they can temporarily trust with their cryptocurrencies just until when the crypto market is back to normal, and when that happens, they can quickly convert it to their desired crypto and move it to their personal hard wallet if they want.

fmz89

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Quote from: GateioExchange on August 09, 2023, 05:07:01 AM

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

people waiting for libra and get paypal instead Cheesy

sad lol, but nice adoption beyond crypto, next bullrun
pumper need new flow from several new way like this and some cryptowomen. to fueling the chart Cheesy

koang

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Obviously, It doesn’t make sense to stack money, but it might make sense for payments.
But I would not use this. Accidents do happen, and they will not reimburse for their fault.
PayPal can calmly freeze and take away money at any time, I don’t trust them with my crypto.

Not your key, not your Money.

siedemtrzy

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Still don't know how to feel about that. We already have a lot of stablecoin, and everyone who uses it already picked one. Those who don't use it won't need it. On the other hand, it might bring new people, but I'm not sure if centralized stablecoin is the right way to do that.

GateioExchange

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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

Topic: Paypal launches an Ethereum-based Stablecoin! - page 3. (Read 396 times)