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PayPal is working a stable coin called PayPal Coin

Evidence hidden inside of PayPal’s iOS app has revealed that PayPal is working on a coin called “PayPal Coin”. When Bloomberg reached out to PayPal about it PayPal responded that they are working on a USD stable. A stable coin is a cryptocurrency that is pegged to a more stable currency. The PayPal Coin logo looks like PayPal’s logo but with two horizontal lines through it.

Images and references to Neo cryptocurrency were also found in their app. PayPal currently supports Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.