- cross-posted to:
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- cross-posted to:
- [email protected]
PayPal is Introducing a new crypto currency and you’ll be able to buy, sell, hold, and transfer it in the app. 1 USD : 1 PYUSD on PayPal
PayPal is Introducing a new crypto currency and you’ll be able to buy, sell, hold, and transfer it in the app. 1 USD : 1 PYUSD on PayPal
This is like $$, but with extra steps and burning a lot of fossil fuels.
FUD. PYUSD is an ERC20 token, using the Ethereum network, which means it’s far more efficient than credit card processing programs at the moment.
Now, don’t get me wrong. PYUSD is stupid and I’ll never use it. And the whole point of crypto is so that companies can’t control your money.
But being inefficient and burning fissile fuels is not one of those negatives about it.
**note - there are a few cryptos, especially first generation that are highly inefficient and do burn lots of fissile fuels, like Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, etc.
But Ethereum adopted proof of stake somewhat recently, so is now far more efficient.