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Evening Standard

Technology

Andrew Williams

PayPal launches its own cryptocurrency

PayPal Crypto United States Bitcoin Ethereum US Dollar

PayPal has launched PayPal USD, a form of cryptocurrency it says can “seamlessly connect fiat and digital currencies”.

This form of cryptocurrency is a little different to often-discussed digital currencies like Bitcoin, though. PayPal USD is a stablecoin. This means its value is linked to the US dollar. One PayPal USD equals one dollar.

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