PayPal $PYUSD Launched - What's my opinion on this?

Paypal has launched a new stablecoin $PYUSD. It was a little out of the blue and unexpected, but due to PayPal's clout in the payments world, there has been a lot of interest in this coin, especially in the media. PayPal themselves don't have a good reputation with people that have actually used them for business. They are notorious for blocking people's accounts, stealing their money and acting like total tyrannical bullies. They've also been known to censor and police political opinions of their users, which is a terrible thing.

In this video I look at the implications of $PYUSD to the crypto competitors, especially $XRP.

Enjoy.