The US -based digital payment solution Company PayPal plans to expand the user base by integrating PYUSD, a US dollar -backed stablecoin. The company aims to ensure that this currency is used in commercial transactions by the end of 2025.
New Product Integration
PayPal will target small and medium -sized enterprises exceeding 20 million, and will be used in commercial payments. It is aimed to provide ease of payment to enterprises with the invoice payment product to be released by the end of 2025.
The company plans to use the PYUSD infrastructure to prevent currency transformation and loss of time in international payments. In addition, PYUSD is expected to take place as a global payment option on the Hyperwallet platform, which has been purchased for $ 400 million in recent years.
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Global Payment Options
In the mass payments made through Hyperwallet, different stakeholders are planned to be paid to different stakeholders such as contractors, free workers and sellers. The system is expected to offer the opportunity to pay with PYUSD in the first half of the year, and it can also be used in payment transactions towards the end of the year.
As General Manager of Small Enterprises and Financial Services Group, Michelle Gill said that the process of inviting business suppliers to the PayPal network will facilitate the process.
Michelle Gill: “We hope that many payment transactions will be international and the disruptions of the currency unit will be reduced in these processes.”
The system, which PayPal plans to implement, can increase transaction efficiency both in the domestic and international trade. With this step, which aims to improve the user experience and reach wider audiences, the company aims to provide diversity in payment solutions.
These developments can be carefully monitored by viewers and users that innovations in digital payment systems may indicate an increase in increased options that provide global processing options.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
