PYUSD Integration into Crypto.com Pay
The stablecoin PayPal USD (PYUSD) issued by Paxos Trust Company is now accessible through Crypto.com Pay, expanding utility for millions of Crypto.com users. This collaboration aims to enhance the usability and accessibility of PYUSD for various transactions.
Enhanced Utility for PYUSD
PYUSD was developed as a stable digital currency for commerce and payments, aligning with the vision of offering a stablecoin for everyday transactions. Integration with Crypto.com Pay allows users to utilize PYUSD for a range of purposes, including:
- Sending funds to friends
- Purchasing gift cards from over 100 brands
- Shopping on the Crypto.com app
More Transactions with PYUSD
Users can now also top up prepaid phone numbers globally via Airtime, buy goods or cryptocurrencies on platforms connected with Crypto.com, and use PYUSD as a checkout solution.
Celebratory AMA Session
To commemorate the integration, a live Ask Me Anything (AMA) session was hosted by key figures from Paxos, PayPal, and Crypto.com. Ronak Daya, Head of Product at Paxos, and Edwin Aoki, CTO of Blockchain, Crypto, and Digital Currencies at PayPal, discussed the significance of PYUSD and its integration with Crypto.com Pay. Joe Anzures, GM of Americas & Global Head of Payments at Crypto.com, joined the discussion to highlight the benefits of using PYUSD.
Future Prospects
The introduction of PYUSD into Crypto.com Pay signifies a crucial step in expanding the use of stablecoins in everyday transactions. The collaboration between Paxos, PayPal, and Crypto.com reflects the increasing trend of integrating stablecoins into mainstream payment solutions, potentially paving the way for wider acceptance of digital currencies in commerce.
To learn more about accessing PYUSD through Crypto.com Pay, visit the product page on Crypto.com. For information on enabling PYUSD on your platform, contact Paxos directly.
Hot Take: PYUSD Empowers Crypto.com Users
By integrating PYUSD into Crypto.com Pay, users gain access to a stablecoin designed for seamless transactions and payments. This collaboration between Paxos, PayPal, and Crypto.com highlights the increasing adoption of digital currencies in mainstream financial services. The AMA session underscores the commitment to innovation and collaboration within the crypto industry, signaling a positive outlook for the future of stablecoin usage in commerce.
By
By
By
By
By