Topic: Paypal launches an Ethereum-based Stablecoin! (Read 421 times)

I would guess that because Paypal has always been a payment company, they are trying to make sure that they are using crypto as a payment too. One thing I really would love to see is them making sure that you can deposit and withdraw this currency as well. I am not sure if you can do that just yet, but if you can do that, then people who can't use Paypal would be able to start using it, this way we would all be able to accept Paypal payments easily.

I hate the chargebacks and all the financial troubles you go into, I may end up selling a product, and the person can easily do a chargeback, and that means I would not have the product AND the money and I would also owe the transaction fee as well, that's what needs to be stopped.
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Your suggestion about chargebacks is great; they are a nuisance, and your complaint is actually justified. Although Paypal's entry into the cryptocurrency space appears to be a development of their business, its possible that they are merely trying to ride the wave without fully committing. The true utility, according to one argument, would be in depositing and withdrawing cryptocurrency rather than just keeping it in a flashy digital wallet.

Its interesting how you bring up allowing those who cant use PayPal. Although I've always believed that, in the larger scheme of things, Paypal can occasionally be a bit rubbish, it would be a wise move. Chargebacks are a major problem, as you pointed out. Consider yourself without your merchandise, short on cash, and subject to a transaction fee. There you have a triple whammy. On the other hand, given that blockchain is irreversible, adopting technology into their services might solve these problems. Will they, though? Time will only tell. Consider the question, "To Paypal or not to Paypal?" while we wait.

A stable coin issued by paypal therefore completely centralized, therefore paypal can freeze and disable the various accounts, it does not inspire confidence at all, the saying always applies not your keys not your money however it does not seem to have much success around 90 % of supply is still available

What upcoming role? I think nothing have changed. The role of crypto is still a payment method. Also Paypal themselves are not new on this either. They even adopted Bitcoin last time but I think that was only on selected countries. It is seems they can't get enough and they want to add more. Well that's alright and it's a good help for their customers to get introduced in these cryptocurrencies.

If there are people who are happy and satisfied on using Paypal, there are also people who experience the opposite thing and even these people are also into crypto, I don't think they will touch the cryptos created by Paypal. They already learned their lesson.

A stable coin issued by paypal therefore completely centralized, therefore paypal can freeze and disable the various accounts, it does not inspire confidence at all, the saying always applies not your keys not your money however it does not seem to have much success around 90 % of supply is still available

A stable coin issued by paypal therefore completely centralized, therefore paypal can freeze and disable the various accounts, it does not inspire confidence at all, the saying always applies not your keys not your money however it does not seem to have much success around 90 % of supply is still available

PayPal is well aware of the upcoming role of cryptocurrency in the future. This understanding has prompted them to shift their perspective. Given PayPal's strong reputation and credibility in the market, its stablecoin is likely to gain a prominent position due to the trust associated with the PayPal brand. While people might not place the same level of trust in other stablecoins, PayPal's established reputation sets it apart. It's reassuring to see that PayPal has introduced its own stablecoin based on the Ethereum platform.

I doubt they will have the capability to manipulate the market, we are talking about near trillion market capitalization here. manipulating with a mere one stablecoin will definitely prove to be hard
since what they need to manipulate the entire market is definitely money and huge chunk of it.
if they truly able to manipulate the entire market people will also know, thats why i don't think they will really manipulate the market, at best they are just trying to get into the market and make profit off the stablecoin and thats it.
you truly overestimate paypal in this case.

i still not agree that company like paypal hold blockchain models. they will manipulate the market. possible the small market will impact. this unexpectable moves. i hope they fail like facebook projects.  i not like manipulator company.

i still not agree that company like paypal hold blockchain models. they will manipulate the market. possible the small market will impact. this unexpectable moves. i hope they fail like facebook projects.  i not like manipulator company.

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

Paypal launches an Ethereum-based Stablecoin!  Here's the low-down:

i still not agree that company like paypal hold blockchain models. they will manipulate the market. possible the small market will impact. this unexpectable moves. i hope they fail like facebook projects.  i not like manipulator company.

I trust USDT, I consider everything else unnecessary

I trust USDT, I consider everything else unnecessary

I trust USDT, I consider everything else unnecessary

PayPal just took the laziest approach they could have taken when developing their own stable coin, I mean they could have created their own blockchain and let their coin run above it, but they refused to do so and we need to question ourselves why that was the case? And I think this is because they know that if they did this then even less people will use their coin and if there was hack they will be held responsible for it, so they just decided to take the easy way out and release their coin over the ETH network.

This does not benefit us or the crypto industry in any way, what Paypal is doing is just for the profit they are aiming for. As far as I know, companies that have issued stablecoins are making significant profits and that's what Paypal is looking for, nothing more and nothing less. But what makes me funny is, no one told them that using the ETH network will have very high transaction fees and I think many people will not use their stable coin with the expensive transaction fees that the ETH network causes.

This does not benefit us or the crypto industry in any way, what Paypal is doing is just for the profit they are aiming for. As far as I know, companies that have issued stablecoins are making significant profits and that's what Paypal is looking for, nothing more and nothing less. But what makes me funny is, no one told them that using the ETH network will have very high transaction fees and I think many people will not use their stable coin with the expensive transaction fees that the ETH network causes.

Yes, still good news, at least Paypal doesn't want to be left out in this competition and maybe this is their first step, to have a Ethereum based stablecoin. And I think one of those who are going to benefit from it is obviously those Paypal users.

I haven't check their stocks though, if it did bring some good news and pump the price. But in any case we have to wait what will happen here. Perhaps this is just a experiment on their end and see how adoption is in the next couple of months to say that this is a success or not.

I don't use Paypal anymore and I don't trust anything coming from Paypal so it's not a piece of welcoming news to me but it may add excitement to those who want to see additional good news in the market, just like what happened when Paypal added Cryptocurrency to their features.
There is news that the stablecoin can be locked and frozen it's possible because they are centralized and they always want to have control of their products and services.
This new stablecoin will benefit their long-time clients mostly sellers and buyers in centralized markets.

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

This is definitely going to be fine for the buyer, but still not great enough for the seller. I do not think that you are still allowed to exchange it for any other stablecoin at paypal, and that's why it's tough. Paypal is way too centralized and their biggest enemy is crypto, we could send each other money from anywhere around the world and that's why we need to make sure that we can do something that will benefit everyone.

Paypal will not do that, they will do whatever works for them the best. It's better to avoid it at all costs if you could, it will not end well and you should avoid it if you could. That's how things are approached and you should be approaching it the same way without a doubt for sure.

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

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.

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

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.

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