The post PayPal plans to integrate its stablecoin into more of its products this year appeared on BitcoinEthereumNews.com.

PayPal is going all in on PYUSD this year, expanding its stablecoin across multiple products to tighten its grip on crypto payments and business transactions. The company confirmed at its investor day on Tuesday that merchants, freelancers, and global sellers will soon be able to pay, get paid, and settle transactions with PYUSD in ways that weren’t possible before. The plan is simple but aggressive—integrate PYUSD into bill payments, Hyperwallet’s mass payouts, and eventually, crypto settlements for all PayPal checkout transactions. The push isn’t just about giving users another payment option—it’s about turning PYUSD into a default digital cash system. Merchants will use PYUSD for bill payments this year PayPal is rolling out a PYUSD-powered bill-pay feature that will allow over 20 million small-to-medium-sized businesses to pay their vendors using the stablecoin. Michelle Gill, who leads PayPal’s small business and financial services unit, broke down the move at the company’s investor event in New York. “A lot of the payments we’re expecting are going to be cross-border because merchants in the US are seeking to pay vendors and suppliers abroad,” Gill said. “The thesis was: Can we facilitate that on PYUSD rails so as not to have the currency conversion, the friction, as well as time?” The idea is to eliminate unnecessary banking fees and delays by keeping all transactions inside PayPal’s ecosystem. Instead of wiring payments through traditional banking networks—which often come with currency conversion costs, long wait times, and extra fees—businesses will be able to send PYUSD instantly, with no middlemen involved. PayPal already completed its first business transaction using PYUSD last year, proving that the rails are ready. Now, it’s about getting merchants to actually use it. PYUSD is coming to Hyperwallet’s mass payout system Beyond merchant payments, PayPal is bringing PYUSD to Hyperwallet, a mass payment…

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Filed under: News - @ February 26, 2025 2:24 am