Here are 5 PayPal Competitors That May Launch Their Own Stablecoins!

<p>&nbsp;"Wow, it looks like a positive sign for the crypto market to grow, right?"</p><p><br /></p><p>PayPal successfully launching its own stablecoin called PayPal USD (PYUSD) is likely to spur its rivals in the finance and payments space to further explore the cryptocurrency market.</p><p><br /></p><p>Earlier in February 2019, Wall Street JP Morgan launched a stablecoin dubbed JPM Coin to improve wholesale payment operations.</p><p><br /></p><p>Although there is regulatory uncertainty regarding the use of crypto in the United States (US), the move could be a positive sign for the adoption of digital assets. Here are five PayPal competitors that could launch their own crypto or stablecoin in the near future:</p><p><br /></p><p>Stripes</p><p><br /></p><p>Stripe, which entered into an agreement with the X platform formerly known as Twitter, has been working on crypto integration, where it has been declared X's official payment processor for payments.</p><p><br /></p><p>Amazon Pay</p><p><br /></p><p><br /></p><p>Amazon is reportedly experimenting with Europe-based Central Bank Digital Currency (CBDC), so the company may have long-term plans to launch crypto payments.</p><p><br /></p><p>Venmo</p><p><br /></p><p>Venmo which announced on Monday yesterday that it will provide PYUSD on its platform is expected to apply crypto to its mobile payment service established in 2009.</p><p><br /></p><p>Apple Pay</p><p><br /></p><p>The Apple Pay payment platform has introduced several crypto linkage features such as "Tap-to-pay", where iPhone makers have the advantage to produce hardware and launch their own crypto or Apple hardware wallet.</p><p><br /></p><p>Google Pay</p><p><br /></p><p>Following Google Pay allowing the purchase of crypto through its platform, Google being able to control the payment of digital assets on the application could give it the opportunity to implement its own stablecoin or crypto.</p>