⚡️📱 PayPal Completes Its First Commercial Transaction Using the PYUSD Stablecoin

⚡️📱 PayPal Completes Its First Commercial Transaction Using the PYUSD Stablecoin

The payment was made for an invoice issued by Ernst & Young LLP and processed through the digital currency center of SAP SE, a platform that enables instant digital payments 24/7. The transaction amount has not been disclosed.

💡 Background: PayPal launched the PYUSD stablecoin in 2023, and its market capitalization currently hovers around $700 million USD. In August 2024, the company expanded its cryptocurrency services, allowing merchants to buy, store, and sell crypto assets from business accounts.

💡 PayPal representatives emphasize that stablecoins can significantly increase the efficiency of B2B payments, especially in cross-border transactions, which are often slow, costly, and require intermediaries.

💡 Unlike cryptocurrencies like Bitcoin or Ethereum, stablecoins—highlighting the word "stable"—are less susceptible to market fluctuations, making them an ideal choice for various financial applications.

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