“The Paypal Payment Giant plans to integrate Pyusd stablcoin by the end of the year into more of its small and medium -sized products. About it reports Bloomberg. According to Michel Gill, the head of the company of small business and financial services, the goal is to simplify payments between more than 20 million entrepreneurs and their suppliers through a single platform. To do this, Paypal prepares a tool for paying bills that will allow business […]”, – WRITE: Businessua.com.ua
The Paypal Payment Giant plans to integrate Pyusd stablcoin by the end of the year into more of its small and medium -sized products. About it reports Bloomberg.
According to Michel Gill, the head of the company of small business and financial services, the goal is to simplify payments between more than 20 million entrepreneurs and their suppliers through a single platform.
To do this, PayPal prepares a bill for payments that will allow business to attract counterparties in the company cryptocurrency. According to Gill, a large number of such transactions will be associated with cross -border payments.
The use of Pyusd will be possible to avoid the conversion of currencies, reducing the speed of transactions and additional commissions.
In the coming months, the company also plans to add support for its steiblcoin for global payments through Hyperwallet. By the end of the year, PayPal expects to introduce cryptocurrencies in its cash transactions.
According to Alex Criss’s CEO, blockchain opportunities are truly realized only when users start spending digital assets, despite the fact that discussing the use of technology has been ongoing for decades.
At the time of writing, the total market value of Pyusd released is $ 703.55 million, according to Defi LLAMA.
Source: defi llama.
The daily bidding is $ 36 million, according to Coingcko. Pyusd takes 10 position in the service rating in the category of “stable coins”.
Recall that in September 2024, PayPal opened for corporate clients in the USA the ability to buy, store and sell cryptocurrencies directly from its business account.
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