PayPal Launches New "Stablecoin"

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In this video, I discuss the launch of PayPal's new USD stablecoin product, as well as the myriad problems surrounding it, including:

1) PayPal's history of censorship and account closures
2) Paxos Trust's problems with the SEC
3) The USD's inherent instability as a store of value.

PayPal management also seems to have forgotten that US regulators do NOT want on-shore USD stablecoins.

Banks and fintech companies like PayPal will continue to mistreat their customers, causing more and more users to migrate to Bitcoin, the best form of digital money that is:

1) Permission-less
2) Open to everyone, regardless of race, gender, net worth, nationality, politics, or other ideological opinions.
3) Censorship-resistant
4) Beyond the greedy grasp of governments and central banks and corporations like PayPal

Not investment advice! Consult a financial advisor.

PayPal's new USD stablecoin:
https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd

PayPal has one of the most hated brands in the world:
https://www.reddit.com/r/paypal/comments/nvww33/who_else_thinks_paypal_sucks/

New PayPal Policy Lets Company Pull $2,500 From Users’ Accounts If They Promote ‘Misinformation’:
https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation

Paxos in trouble with the SEC:
https://www.wsj.com/articles/crypto-firm-paxos-faces-sec-lawsuit-over-binance-usd-token-8031e7a7

USD purchasing power over time:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#paypal
#stablecoins
#bitcoin

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