PayPal USD (PYUSD), a stablecoin issued by Paxos Trust Company, has now been integrated into Crypto.com Pay, Paxos announced. This development aims to further expand the utility and accessibility of PYUSD to millions of Crypto.com users.
Enhanced Utility of PYUSD
PYUSD was created to provide a stable digital currency designed for commerce and payments. The integration with Crypto.com Pay is in line with this vision, allowing users to utilize PYUSD for a variety of transactions. Crypto.com users can now use PYUSD to send money to friends, purchase gift cards from 100+ brands, shop on the Crypto.com app, top up prepaid phone numbers worldwide with Airtime, purchase goods or cryptocurrencies on platforms integrated with Crypto.com, and use PYUSD as a checkout solution.
Commemorative 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, Cryptocurrency, and Digital Currencies at PayPal, and Joe Anzures, Americas GM & Global Head of Payments at Crypto.com discussed the importance of PYUSD and its integration with Crypto.com Pay. The recorded session is available on YouTube and X.
Future outlook
This launch is a significant milestone in expanding the use of PYUSD in everyday transactions. The collaboration between Paxos, PayPal, and Crypto.com is an example of the growing trend of integrating stablecoins into mainstream payment solutions, potentially paving the way for broader adoption of digital currencies in commerce.
For more information on how to access PYUSD via Crypto.com Pay, please visit Crypto.com’s product page. To learn how to enable PYUSD on your platform, please contact Paxos.
Source: Paxos
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