Briefly informed: PayPal, electric cars, zoom, spaceship

Briefly informed: PayPal, electric cars, zoom, spaceship

PayPal introduces its own cryptocurrency

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The payment service provider Paypal has introduced a stablecoin in US dollars. The US company announced this on Monday. Paypal is the first major financial technology company to use its own digital currency for payments and transfers. Stablecoins are crypto assets whose monetary value seeks to be pegged to a stable asset, in this case the US dollar. Paypal has been approaching the cryptocurrency world for some time. Since March 2021, PayPal has allowed users in the USA to make direct payments with cryptocurrencies. Paypal’s own stablecoin is dubbed Paypal USD and is said to be backed by US dollar deposits and short-term US Treasuries. It is issued by the cryptocurrency company Paxos Trust Company.

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Electric car: VW overtakes Tesla in German first registrations

VW has again pushed ahead of Tesla when it comes to selling battery-electric cars in Germany. With 41,475 first registrations in the first seven months of the year, Volkswagen’s core brand is again just ahead of its competitor from the USA, which came up with 40,289 cars, according to figures from the Federal Motor Transport Authority. At the end of the first half of 2022 and also in the whole of 2022, Tesla was ahead in terms of registration numbers. Meanwhile, the Chinese auto industry is specializing in electric cars.

Home office: Zoom orders employees back to the office

With Zoom, a US company is now ordering its own employees back to the office, which has benefited from the home office boom during the corona pandemic like hardly any other. According to the New York Times, the California company responsible for the video conferencing software of the same name has instructed all employees who live up to 50 miles from its office to be there at least two days a week starting in August or September. The new requirement was announced internally during a “tense meeting” last week, which was held via Zoom. Many employees have expressed frustration at how much time and money the new policy would cost them.

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First manned flight of Boeing’s spacecraft no earlier than spring 2024

The first manned flight of Boeing’s space shuttle Starliner will now take place next spring at the earliest and then only if the launch vehicle is ready and there is space at the International Space Station. This was announced by Boeing and the US space agency NASA on Monday. It is the latest in a series of delays. Although progress is being made in resolving the recently identified problems, the work is still very time-consuming. Boeing therefore assumes that the space shuttle will be ready for launch in March, and there will be space on the ISS from April. Only then could the flight ideally start.

(alsc)

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