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Paypal poses big threat to banks in race to develop stablecoins

If the payments company moves ahead with a digital currency rollout, its network of merchants and consumers as well as its retail-payments focus could give it the upper hand over banks, whose products are limited to cryptocurrency exchanges, wholesale payments and other specific uses.

Read the full article at: www.americanbanker.com

The post Paypal poses big threat to banks in race to develop stablecoins appeared first on LendIt Fintech News.

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