PayPal USD is now supported in Crypto.com Pay! 🤝 Join us for tomorrow’s AMA with Crypto.com, Ronak Daya from Paxos and Edwin Aoki from PayPal to learn more about this exciting update. We hope to see you there! bit.ly/4cevKuk
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426 million people now have access to ENS! What? PayPal has just enabled sending to every ENS address! Why does that matter? Paypal + VENMO and ENS are partnering. If you have an alias set for your wallet, anyone can use that now. Yes any PayPal or Venmo user can now send to that alias. This makes it way easier to onboard money to your wallet! It also means your friends who just have PayPal can now send you crypto (USD). Isn't that cool? what do you think
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Paxos has announced that customers in the United States can now transfer international money using PYUSD through the free cross-border payment service Xoom to around 160 countries. This is seen as an effort by PayPal and Paxos to increase recognition for the stablecoin. PYUSD may face fierce competition as a wave of new stablecoins has emerged recently. #Coinbay #PYUSD #Paxos #PayPal
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Big news! We’ve enabled PayPal USD payments on our platform, alongside the leading stablecoins, 14 of the most popular digital currencies, and 15 fiat currencies. PYUSD is a dollar-pegged stablecoin issued by Paxos, which connects to PayPal’s global network, making it a valuable payment option for global businesses. Learn more on the BVNK blog (link in the comments) Don't invest unless you're prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Specific stablecoin risks exist, such as depegging and counterparty insolvency risk. Take a few moments to learn more about stablecoin risks: https://bit.ly/3vf5RdG Financial Promotion approved by: Archax Limited. Date: 03/04/2024
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📢 PayPal's PYUSD PayPal's PYUSD stablecoin is steadily carving its niche in the crypto market. While its growth trajectory hasn't fully met market expectations, the changing market dynamics and clearer regulatory guidelines could pave the way for significant institutional adoption. Key Insights: 🔺 PYUSD is witnessing robust growth, with a notable 37% month-over-month increase in holders. 🔺 A relatively small portion is currently in circulation, potentially influenced by the ongoing SEC enquiry, as highlighted in our October report. Check out our full report and dashboard! 🔗 Report - https://sqrr.xyz/reports 📊 Dashboard - https://lnkd.in/eJ3t4YPs
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🌐💱 𝐏𝐚𝐲𝐏𝐚𝐥'𝐬 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐘𝐔𝐒𝐃 𝐢𝐧𝐭𝐨 𝐗𝐨𝐨𝐦 𝐟𝐨𝐫 𝐜𝐫𝐨𝐬𝐬-𝐛𝐨𝐫𝐝𝐞𝐫 𝐭𝐫𝐚𝐧𝐬𝐟𝐞𝐫𝐬 𝐢𝐬 𝐚 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐞𝐫. 𝐻𝑒𝑟𝑒'𝑠 𝑤ℎ𝑦: Monumental Move: PYUSD support in 160 countries marks a major step in crypto adoption. Cost-Savings Galore: No transfer fees and waived crypto sales fees mean real savings. Confidence and Utility: PYUSD aims for stability and usability in transactions. Overcoming Challenges: PayPal's resources can tackle verification, currency conversion, and regulatory hurdles. Pioneering Potential: PayPal's reach could revolutionize global finance, especially in underserved regions. In summary, PayPal's venture into cross-border stablecoin payments is reshaping the future of finance. Stay tuned for more innovations. #PayPal #Crypto #Innovation
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PayPal USD (PYUSD) by Paxos Integrated for Custody & Trading! 🚀 We’re thrilled to announce the addition of PayPal USD (PYUSD), a stablecoin issued by Paxos, to our custody and trading platform. The addition of PYUSD represents a welcome addition to our stablecoin offering, providing our valued existing clients with a trusted, secure, and stable digital asset. What does this mean? ✅ Secure Custody to store PYUSD with industry-leading security. ✅ Effortless Trading for PYUSD alongside other major cryptocurrencies and stablecoins. ✅ Trusted & Transparent: PYUSD combines the reliability of PayPal with the transparency of Paxos, ensuring a robust and compliant digital asset. 🔗Learn more at https://lnkd.in/etcCXs6S $PYUSD #Paxos #Stablecoin Advertising, read disclaimer here: https://lnkd.in/e9rbuv2f
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PayPal Expands Crypto Services for U.S. Businesses 📢 PayPal now allows U.S. businesses to buy, sell, and transfer cryptocurrencies through their accounts. This move aims to make digital assets easier to adopt for businesses of all sizes, marking a significant shift towards mainstream crypto use. 📢PayPal's expansion signals growing institutional adoption of crypto. By integrating crypto into everyday transactions, PayPal makes it more accessible for businesses, boosting the utility of digital currencies. 📢This move could accelerate wider adoption of cryptocurrencies in payments, investments, and transfers, positioning PayPal as a key player in the future of finance. LINK (https://lnkd.in/gsiKWrRC)
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August was an incredible month for stablecoins. On average, there was $155B worth of fiat-backed stablecoins in circulation, the most ever for a single monthly period. This includes Tether.io USDT, Circle USDC, and PayPal PYUSD. Overall, the average circulating supply of fiat-backed stablecoins has increased 20% year-to-date. More to come. h/t Visa & Allium
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Crypto.com is pleased to announce the integration of PayPal as a new payment method for U.S. users. 📢 This strategic collaboration allows for a streamlined and secure process to purchase cryptocurrencies directly through PayPal accounts. By integrating one of the world’s most trusted payment platforms, Crypto.com continues to lower the barriers to entry for digital assets, making the crypto ecosystem more accessible to a broader audience. Expansion to additional markets is planned in the near future. 🚀 This integration highlights the growing synergy between traditional financial services and the crypto industry, paving the way for broader adoption and ease of use. Innovation thrives when we bridge the gap between the familiar and the future. Embrace the possibilities that come with change, and let's shape the future of finance together.📈 Source: https://lnkd.in/dJw-QPba #CryptoAdoption #Fintech #DigitalFinance #Payments #Innovation #PayPal
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PayPal launched their 'stablecoin' less than a year ago, but I wouldn't call it a stablecoin. A quick look into the code suggests it's a CBDC in disguise... PayPal introduced PYUSD in August 2023, partnering with Paxos. The good news is even TerraClassic USD (UST) boasts a bigger market cap. But what really nudges me is whether I would truly own my PayPal stablecoins or simply be under an illusion of ownership? I'll leave judgement to you. A couple of features their code suggests: - Ability to arbitrarily freeze and unfreeze accounts - Power to wipe frozen accounts, burning their tokens - Centralized supply control - Existence of an "Asset Protection" role - Ability to reclaim tokens (even from rightful owners?) - Built on an outdated version of Solidity compiler (not very safe) So Is this really a stablecoin? It seems more like a substitution of concepts, if you ask me. What do you think? #paypal #stablecoin #cbdc
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