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 promote the usefulness and accessibility of PYUSD to millions of Crypto.com users.
Improved utility for PYUSD
PYUSD was created to offer a stable digital currency designed for trading and payments. The integration with Crypto.com Pay aligns with this vision, allowing users to use PYUSD for a variety of transactions. Crypto.com users can now use PYUSD to send money to friends, purchase gift cards from over 100 brands, shop in the Crypto.com app, top up prepaid phone numbers worldwide via Airtime, purchase goods or cryptocurrencies on platforms integrated with Crypto.com and use PYUSD as a payment solution.
Festive 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 an important milestone in expanding the use of PYUSD in everyday transactions. The partnership 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 wider adoption of digital currencies in commerce.
To learn more about accessing PYUSD through Crypto.com Pay, visit the product page on Crypto.com. Contact Paxos to find out how your platform can enable PYUSD.
Source: Paxos
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