This fall, PayPal will introduce PayPal World to link various domestic digital wallets to its extensive global merchant network. The service, while reminiscent of stablecoins, operates on traditional fiat systems, simplifying international transactions for nearly two billion users.
Experts, including Gitay Shafran from The Fedz, express doubts that PayPal World can truly rival stablecoins, emphasizing its foundation in established systems. They argue that while it enhances fiat payment methods, it falls short of addressing the unique benefits offered by stablecoins.
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