On February 26th, according to Bloomberg, PayPal plans to increase the adoption rate of its stablecoin PYUSD in 2025. It will launch a bill payment product that will give its more than 20 million small and medium-sized merchants the option to use PYUSD to pay suppliers. In addition, PayPal plans to add PYUSD as an option for global payments through Hyperwallet, a business that helps organizations send bulk payments to contractors, freelancers or sellers around the world. PayPal acquired Hyperwallet in 2018 for $400 million. It plans to go live with PYUSD payments in the first half of this year. By the end of 2025, the business will also allow merchants to settle PayPal checkout transactions in cryptocurrency.
In an interview with Bloomberg, PayPal CEO Alex Chriss said, We've been talking about blockchain for a decade - the concept of these things will never become a reality until you actually start consuming it. I think that's what we've achieved.
PayPal plans to increase the adoption rate of its stablecoin PYUSD
2025-02-26 10:05:13
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