Crypto.com Partners with PayPal to Support PYUSD Trading
Crypto.com has joined forces with PayPal to become the preferred marketplace for trading PayPal USD (PYUSD), a recently launched stablecoin. This collaboration has led to the introduction of new trading pairs on the Crypto.com application.
New Trading Pairs Available
Customers can now trade Ripple’s native token XRP, the popular meme coin Dogecoin (DOGE), and Solana (SOL) against PayPal’s stablecoin PYUSD. These new trading pairs provide users with more options and opportunities within the Crypto.com platform.
Potential Addition of SHIB in the Future
Shibarium’s Marketing Strategist, LUCIE, commented on the partnership between Crypto.com and PayPal. LUCIE highlighted that Crypto.com already supports popular meme coins such as Shiba Inu (SHIB), Bone ShibaSwap (BONE), and Doge Killer (LEASH). They suggested that Crypto.com could further expand its offerings by adding support for Shiba Inu’s layer-2 scaling solution – Shibarium. This technology aims to enhance the speed and reduce transaction fees associated with Shiba Inu.
Hot Take: Crypto.com Enhances Trading Options with PYUSD Support
The collaboration between Crypto.com and PayPal brings added convenience and flexibility to cryptocurrency traders. By supporting PYUSD trading, users can now easily trade XRP, DOGE, and SOL against this stablecoin. Furthermore, there is potential for Crypto.com to expand its offerings by incorporating SHIB or integrating Shibarium’s layer-2 scaling solution. This partnership demonstrates the continuous growth of the cryptocurrency market and the increasing adoption of stablecoins as a means of transacting securely.
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