Cryptocurrency News

PayPal USD is now accessible through Pay

Paxos has announced that PayPal USD (PYUSD) is now accessible on Pay. The purpose of PayPal USD, which is issued by Paxos Trust Company, is to facilitate the use of a digital currency with a consistent value that is specifically designed for commerce and payments. 

It was created with the intention of introducing a digital currency that would maintain a balanced value and be used for business transactions and payments.

The introduction will aid in fostering connectivity and highlighting the useful aspects of PYUSD for the wider community associated with The “pay your friends” feature will allow you to transfer PYUSD to known individuals.

This will include purchasing gift items from over 100 companies, shopping on the application, and recharging prepaid handsets using global Airtime. There will also be a surge in product and cryptocurrency purchases on all platforms that have integrated Users will be able to use PYUSD as a checkout service.

Joe Anzures, General Manager of the Americas and Global Head of Payments at, Edwin Aoki, Chief Technology Officer of Blockchain, Crypto, and Digital Currencies at PayPal, and Ronak Daya, Head of Product at Paxos, held a live Ask Me Anything (AMA) to celebrate the announcement. Among other things, they discussed PYUSD and the exciting new feature in Pay.

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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