PayPal is really moving into crypto in a big way.
In this video I discuss how PayPal is stepping things up in a big way with cryptocurrency. It already announced its stablecoin, PYUSD. Now it is going to make it easier for people to have an on and off ramp to fiat currency.
Here is the article mentioned in the video:
https://www.theblock.co/post/250333/paypal-rolls-out-crypto-for-usd-conversion-service
▶️ 3Speak
Hey, thanks for sharing this!. I am pleased to see the progress of PayPal, cryptocurrency lovers continue to find spaces to invest...
It's interesting to see how PayPal is expanding its involvement in the cryptocurrency space. The introduction of a stablecoin (PYUSD) and making it easier for users to convert between cryptocurrencies and fiat currency are significant developments. Stablecoins like PYUSD are digital currencies designed to have a stable value, often pegged to traditional fiat currencies like the US dollar. This stability can make them more attractive for everyday transactions and can serve as a bridge between cryptocurrencies and fiat currencies.
That was so great to see that. Thank you for sharing this Information.
I think this PayPal entry into crypto with the stablecoin and now this wallet is pretty huge. I think I read somewhere that PayPal has close to 500 million accounts, maybe 450 million, which is a huge number of people to now have access to crypto stablecoins and have a clear offramp and onramp to crypt.
There are somewhere over 400 million so it does open up things to a lot more possibilities.