The online payment platform Paypal, announced through the senior vice president of cryptocurrencies that it is working on the issuance of its own stablecoin.

José Fernández da Ponte indicated that the platform is making all the necessary efforts to be able to advance in this sector, adding that he hopes to carry out different collaborations with regulatory entities.

“We are exploring a stablecoin. If we decide to move forward, we will of course work closely with the relevant regulators,” stressed da Ponte.

The company’s new bet was discovered by developer Steve Moser. When checking the PayPal application he discovered the logo of the new currency, just as he posted it on his Twitter account. Shortly afterwards the company confirmed his finding.

The stablecoin would bear the name of PayPal Coin and its value would maintain parity with that of the US dbollar.

K. Tovar

Source: Descifrado

La entrada Paypal works on the issuance of its own stablecoin apareció primero en Bitfinance.

YouTube announced that its music streaming platforms YouTube Music and YouTube Premium have already surpassed a cumulative 50 million subscribers, including trial users.

YouTube Music “is the fastest growing music subscription platform” today, according to data from MiDIA Research, as indicated by the company in a statement that reports on the progress of the company’s subscription services since its debut 6 years ago.

“YouTube surpassed 50 million Music and Premium subscribers, including trial users”, explained Lyor Cohen, Global Head of Music on YouTube. YouTube Music had reached 20 million subscribers just a year and a half ago.

The company has highlighted its subscription and ad-based financing model in its plans to become “the number one earner in the music industry”, and has paid out $ 4 billion to artists in the past year.

Source: dpa

La entrada YouTube reaches 50 million subscribers in its premium version apareció primero en Bitfinance.