Meltem Demirors: "PayPal can launch its cryptocurrency within a year"

Strategy Director at CoinShares Meltmo Demirors counts, that the next paypal step after adding support for cryptocurrencies can be the launch of your own coin.

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FAST MONEY program CNBC Channel Meltmo Demirors (Meltem Demirors) commented on recent news about that, what PayPal will provide the possibility of buying and selling bitcoin and main altcoins on their platform. She thinks, that the payment giant will not stop there and develop its own cryptocurrency.

Demirors reminded, that PayPal has a Venmo mobile payment service with an audience 300 million users. Most of these users are millennials, And this age group prefers bitcoin to other types of investments.

In case of popularity of cryptocurrencies on PayPal, the company may well start its own cryptocurrency. Especially, that previously the payment system has already participated in the project of Stablecoin Libra, Although it came out pretty quickly
From the association.

"I think, that all these steps were an omen of the launch of PayPal's own cryptocurrency. I will not be surprised, If already through 6 or 12 months we will see the launch of such a coin. More likely, it will be an analogue of a digital dollar ", - said Demirors.

In this way, Meltmo Demirors expects, that PayPal will launch stablecoin, USA. Rumors about the plans for adding the possibility of a direct purchase of cryptocurrencies on PayPal and Venmo appeared
Back in June.