Paypal poses big threat to banks in race to develop stablecoins

If the payments company moves ahead with a digital currency rollout, its network of merchants and consumers as well as its retail-payments focus could give it the upper hand over banks, whose products are limited to cryptocurrency exchanges, wholesale payments and other specific uses.

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[…] and a leaked jpeg of a PaypalCoin logo would be enough to shake the entire financial world, as some think PayPal may be the best-equipped institution to implement its own […]