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Wednesday, July 24, 2024

PayPal USD (PYUSD) Now Supported on Crypto.com Pay

PayPal USD (PYUSD) Now Supported on Crypto.com Pay

PayPal USD (PYUSD), a stablecoin issued by Paxos Trust Company, has now been integrated into Crypto.com Pay, according to Paxos. This development aims to further the utility and accessibility of PYUSD for millions of Crypto.com users.

Enhanced Utility for PYUSD

PYUSD was created to offer a stable digital currency designed for commerce and payments. The integration with Crypto.com Pay aligns with this vision, enabling users to leverage PYUSD for a variety of transactions. Crypto.com users can now use PYUSD to send funds to friends, buy gift cards from over 100 brands, shop on the Crypto.com app, top up prepaid phone numbers globally via Airtime, purchase goods or cryptocurrencies on platforms integrated with Crypto.com, and use PYUSD as a checkout solution.

Celebratory AMA Session

To celebrate the launch, key figures from Paxos, PayPal, and Crypto.com hosted a live Ask Me Anything (AMA) session. Ronak Daya, Head of Product at Paxos, Edwin Aoki, CTO of Blockchain, Crypto and Digital Currencies at PayPal, and Joe Anzures, GM of Americas & Global Head of Payments at Crypto.com, discussed the significance of PYUSD and its integration with Crypto.com Pay. The recorded session is available on YouTube and X.

Future Prospects

This launch marks a significant milestone in expanding the use of PYUSD in everyday transactions. The collaboration between Paxos, PayPal, and Crypto.com exemplifies the growing trend of integrating stablecoins into mainstream payment solutions, potentially paving the way for broader adoption of digital currencies in commerce.

For more details on accessing PYUSD through Crypto.com Pay, visit the product page on Crypto.com. To explore how your platform can enable PYUSD, contact Paxos.

Source: Paxos

Image source: Shutterstock

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