We’re happy to announce that BitPay now helps the brand new PayPal stablecoin, PayPal USD (PYUSD)!
Beginning right this moment, 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 flexibility to just accept PYUSD just like all the 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 pattern of crypto adoption requires an asset that’s each digitally native and financially secure. He believes that PayPal’s historical past offers an ideal basis for the brand new stablecoin.
The objective of the coin is to create a “bridge between fiat and Web3 for customers, retailers, and builders,” in response to the discharge.
Take a deeper have a look at PayPal USD’s origins and the way it may be used.
PayPal USD for crypto clients
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 all the 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 the easiest way to just accept cryptocurrency funds for your corporation? BitPay’s crypto cost processing options give companies a turn-key resolution to integrating crypto funds into their operations. Join your BitPay service provider account to simply settle for PayPal USD, together with all the different high cryptocurrencies.
Already a BitPay service provider? No want to fret about needing to take additional steps – PYUSD might be mechanically displayed in your invoices from right here on out!
Settle for crypto funds. Quick, simple & safe.
Get Began with BitPay
