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PayPal Allegedly in Discussions to Launch a Stablecoin
Last Updated: 05 May 2021
Reports indicate that PayPal could be looking into launching its own stablecoin. This will be a bold step towards total crypto adoption.
PayPal, an online payment service provider, is joining many companies in adopting cryptocurrencies. Besides using cryptocurrencies as a payment method, companies are looking for ways to gain more exposure in the market by venturing into other crypto assets.
A recent publication reveals that sources with knowledge about the development state that PayPal is engaging with several developers such as Ava Labs to develop their own stablecoin. It is more likely that PayPal will work with a third party to create stablecoin.
AllianceBlock Building Bridges Between DeFi, Traditional Spaces
Some ideas make so much sense, they have to happen, and one of those is AllianceBlock. Launched late in 2020, Alliance Block is a multifaceted, blockchain-agnostic protocol enabling banks and clients to safely and legally trade any crypto product.
Founder and CEO Rachid Ajaja began his career as a quantitative risk analyst at Barclays, BNP Paribas and Moody’s Analytics. He began investing in cryptocurrencies in 2016 and immediately saw problems; the lack of investor protections fostered many a scam. Given the decentralized nature and novelty of the system, it would be folly to expect regulators to jump to address it, so why not involve the early adopters instead?
March 6, 2021 @ 4:04 pm By Omar Faridi
With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued.
However, with many new exploits frequently taking place, there’s been significant growth in platforms that offer insurance for investors in order to mitigate or minimize the risk of loss of funds because of scams, unaudited smart contracts, digital asset exchange hacks and other cyberattacks.
With platforms such as Nexus Mutual, Cover Protocol and Opium Finance currently providing coverage, Bridge Mutual has also introduced its services and “quickly skyrocketed” to become a major DeFi insurance platform, according to an update shared with CI.
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