Mirror

<p>Just yesterday pinned, today fearless. PayPal has thrown down the gauntlet to authorities by asserting its determination to continue its blockchain innovations. Let’s analyze this statement that sounds like a declaration of war.</p>
<h2 id="h-a-middle-finger-to-the-financial-watchdogs">A Middle Finger to the Financial Watchdogs</h2>
<p>Two weeks ago, the SEC summoned PayPal to appear, demanding information about its PYUSD stablecoin. A regulatory offensive that could have prompted the payment giant to lie low.</p>
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<p>But that underestimated PayPal’s tenacity. Yesterday, the company <a href="https://thedefiant.io/paypal-takes-a-stance-and-says-blockchains-are-the-new-financial-rails" target="_blank" rel="noopener noreferrer nofollow">published</a> an open letter affirming its belief that blockchain is “<em>the new financial rails</em>,” and it did so through a crypto media outlet.</p>
<p>Despite the pressure, PayPal keeps its head high, ready to proclaim its beliefs. According to Mirror, a web3 site, it is convinced that the blockchain is “<em>the new rail</em>” and that stablecoins like PYUSD can “<em>deliver on the promise of crypto</em>”.</p>
<p>For PayPal, this is not just a trend, but a certainty: “Blockchain is the only technology capable of revolutionizing payments.”</p>
<h2 id="h-signs-of-an-aggressive-crypto-strategy">Signs of an Aggressive Crypto Strategy</h2>
<p>Is it just a simple defiance against regulators? Or is PayPal nurturing grand blockchain designs? Some signs indicate that the American giant may accelerate its innovations in the crypto ecosystem.</p>
<p>Not long ago, PayPal filed a patent for a system of purchasing and transferring NFTs. The company is also reportedly working on solutions for tokenizing real-world assets on the blockchain.</p>
<p>All these indicators show that PayPal remains determined to take advantage of this technology, despite the hurdles. The aggressive stance adopted yesterday on Mirror resembles a declaration of war: its passion for crypto is unshakable, and it is ready to go all the way.</p>

Crypto: PayPal Doesn’t Back Down an Inch in the Face of the SEC

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