Paypal is in the world of cryptocurrencies and has no intention of staying on the sidelines .. in fact, it is thinking of a stablecoin to be used within its payment systems.
And according to THE BLOCK it seems that the negotiation is taking place with Avalanche, a protocol between the best on the market.
Avalanche can be interesting for Paypal for various factors:
meanwhile, it can guarantee personalized rules, in fact creating your own token and your own smart contract system on an Avalanche subchain allows you to customize your own rules;
if PayPal wanted to enter the market with a stablecoin, it would have very short deadlines, with Avalanche it would have speed of implementation;
Avalanche would guarantee a scalable and very low cost system, a strategic collaboration for a group like PayPal that would find itself managing a huge number of transactions;
Avalanche's expertise would allow PayPal to have ready-made and solid solutions instead of aiming to develop its own blockchain which would require time and a lot of experience.
Inserting a stablecoin in the PayPal ecosystem would allow both the company and users to no longer go through exchanges, it would be managed internally and on a performing network like that of Avalanche.
It could be a winning move for the online payments giant that would facilitate the use of its systems for its customers as well as save the various steps between exchanges.