Payments giant PayPal is looking into the creation of a stablecoin, says Bloomberg.
In Brief:
The company says it’s investigating the possibility of a PayPal Coin.
This is part of a wider push into cryptocurrency.
PayPal has expressed a desire to work closely with regulators if the project goes ahead.
What does this mean?
While PayPal has confirmed its interest in stablecoins to Bloomberg, the news actually came out by mistake, with developer Steve Moser discovering some code and images in the PayPal app that were “left” from an internal hackathon to explore cryptocurrency options.
