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Paypal Is Working to Introduce Stablecoin to Popularize Crypto Payments

PayPal is to introduce its own cryptocurrency Stablecoin that would be a viable payment option by ensuring the stability of the coin.

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Paypal Is Working to Introduce Stablecoin to Popularize Crypto Payments

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  1. Paypal Is Working to Introduce Stablecoin to Popularize Crypto Payments As cryptocurrencies are always in the news nowadays, it seems only a matter of time before it becomes part of the mainstream economy. With growing interest in cryptocurrencies among individuals, businesses, and institutions, more and more businesses are getting ready to accept cryptocurrencies for payment. In the US, big tech companies like Microsoft and Tesla have been doing it for a long time. But in recent times, many smaller companies are accepting crypto payments. If the growing popularity of cryptocurrencies is pushing businesses towards it, another reason is the minimal transactions fees involved in the transactions. To increase the customer base, PayPal accepted cryptocurrencies for a long time. Still, in the latest development, according to Bloomberg News, the company has introduced its cryptocurrency named Stablecoin.

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