Daily Archives: 27/05/2021

Diem Association economist: “Diem’s ​​original development plan was naive”

Diem Association chief economist Christian Catalini announced the readiness of Diem stablecoin developers to cooperate with regulators. Diem is marketed as a temporary replacement for the digital US dollar. Since the publication of the Libra (now Diem) White Paper in 2019, this project has received “many blows” from regulators around the world. They began to criticize the not yet launched stablecoin, fearing that its launch could threaten the entire banking industry. Many large companies have…

PayPal will add the ability to withdraw cryptocurrencies to third-party wallets

José Fernández da Ponte, VP and Head of Blockchain Development at PayPal, said the company plans to add the function of withdrawing crypto assets to third-party wallets. According to Jose Fernandez da Ponte, the feature is already in development, but he did not specify an approximate date for its release. As of today, the PayPal payment system does not allow users to withdraw cryptocurrencies from the platform, although as of October 2020, US citizens can…