We’re happy to announce that BitPay now helps the brand new PayPal stablecoin, PayPal USD (PYUSD)!
Beginning in the present day, BitPay customers can spend PYUSD at supported retailers, securely maintain it inside our self-custody pockets, and use PYUSD to buy reward playing cards. BitPay retailers can have the power to simply accept PYUSD much like the entire different cryptocurrencies supported throughout BitPay service provider options.
Origins of PayPal USD (PYUSD)
In a press launch dated August 7, 2023, PayPal’s CEO and President, Dan Schulman, was quoted as saying that the rising development of crypto adoption requires an asset that’s each digitally native and financially secure. He believes that PayPal’s historical past gives an ideal basis for the brand new stablecoin.
The purpose of the coin is to create a “bridge between fiat and Web3 for shoppers, retailers, and builders,” based on the discharge.
Take a deeper have a look at PayPal USD’s origins and the way it may be used.
PayPal USD for crypto prospects
BitPay customers can have a number of methods they will spend and handle their PayPal USD funds.
Spend with any BitPay service provider utilizing PYUSD
Go to our service provider listing for locations to spend PYUSD.
Retailer, ship, and obtain PYUSD
Retailer and handle your PYUSD with self-custody! Obtain the BitPay app to securely retailer and handle PYUSD.
Purchase reward playing cards for over 250 high retailers and types
Discover the entire completely different reward playing cards you purchase with PYUSD within the BitPay app or Extension.
Take management of your crypto
Get the BitPay Self-Custody Pockets
PayPal USD for enterprise
Questioning what’s one of the simplest ways to settle for cryptocurrency funds for your corporation? BitPay’s crypto cost processing options give companies a turn-key answer to integrating crypto funds into their operations. Join your BitPay service provider account to simply settle for PayPal USD, together with the entire different high cryptocurrencies.
Already a BitPay service provider? No want to fret about needing to take additional steps – PYUSD will probably be mechanically displayed in your invoices from right here on out!
Settle for crypto funds. Quick, straightforward & safe.
Get Began with BitPay