This is just a general warning in case anyone is interested in this project, beware that there are many scammer and imposters trying to scam while riding this hype. There are some fake tokens and also people scamming using fake information relating to this project.
Quite ironic, considering Paypal initially was very skeptical on Bitcoin and Blockchain Technology in general.
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Money-making scheme potency knows no irony. If the market is lucrative there always be someone trying to profit it off. The market has a standstill and shows an opportunity for a company to make a profit. Now many entities trying to seize it.
Bear in mind that Michael Sayloy once bash Bitcoin before his company excessively invested in it. It also happens with BlackRock, they once got scepticism, but now they trying to get the BTC ETF fillings. Those examples only contain Bitcoin, but generally, there will always be a way to profit off from the whole cryptocurrencies markets. So I'm not surprised in the future, when the market became more mature, there will be someone who changes their opinion and stance toward this space.
You do good when you try to warn people about possible incoming scams because of the hype and excitement people will have for this incoming stablecoins. I don't have any doubt that some people will try to issue fake tokens similar to PayPal's and try to fool others to accept them as the original.
For this reason is important to always double check the smarth contract on the blockchain, just in case, specially when one is sending or receiving big quantities of money.
Also, while it is true money and businesspeople may not care about irony, they cannot deny it's existence, there some people who just wished the past was forgotten for good. But I won't let them.
