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Paypal eyes Ethereum, Polkadot, Solana, Algorand and NFTs

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AMB Crypto

Fri, Nov 19, 2021

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Big-scale payment providers such as Visa and Mastercard and digital payment platforms such as Paypal have begun adding crypto support.

He added, “We thought that it was part of our responsibility to help in making this asset class more accessible to the public.” Paypal had first introduced the option of buying, selling, and holding cryptocurrency on the platform in October last year.

Admitting that while these are good use cases, he said that Paypal is more interested in payments, and “we have not seen a stablecoin out there that is purpose-built for payments.” However, all hope is not lost as the platform is actively keeping an eye on new L1 and L2 platforms that are focusing on payments at scale, such as Ethereum , Polkadot , Solana , and Algorand , he revealed, adding, “I’m sure that if you ask me six weeks from now I could give you four or five different names.

So that is something that is definitely on the early adopter side, is not yet a mainstream experience for a curious but not sophisticated user.” The technical complications to buy and hold NFTs could discourage many users from interacting with the sector, according to Fernandez, who added, “We definitely have a role to play on how do we enable a seamless payment experience for NFT...

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