PayPal plans to increase the adoption of its Stable CoinPYUSD

robot
Abstract generation in progress

BlockBeats news, on February 26, according to Bloomberg, PayPal plans to increase the adoption of its Stable Coin PYUSD by 2025. It will introduce a bill payment product that will allow its more than 20 million small and medium-sized merchants to choose to use PYUSD to pay suppliers. In addition, PayPal plans to add PYUSD as an option for global payments through Hyperwallet, which is a business that helps organizations send batch payments to contractors, freelancers, or sellers around the world. PayPal acquired Hyperwallet for $400 million in 2018. It plans to launch PYUSD payments in the first half of this year. By the end of 2025, the business will also allow merchants to settle transactions through Cryptocurrency with PayPal. PayPal CEO Alex Chriss said in an interview with Bloomberg, "We've been talking about blockchain for ten years - these things will never become a reality until you really start consuming it. I think that's what we're achieving."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)