BitPay Helps PayPal USD (PYUSD) Stablecoin | BitPay Acquire US

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 present playing cards. BitPay retailers could have the power 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 supplies an ideal basis for the brand new stablecoin.

The aim of the coin is to create a “bridge between fiat and Web3 for shoppers, retailers, and builders,” in keeping with the discharge.

Take a deeper take a look at PayPal USD’s origins and the way it may be used.

PayPal USD for crypto prospects

BitPay customers could have a number of methods they’ll 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 present playing cards for over 250 prime retailers and types

Discover all the totally different present playing cards you purchase with PYUSD within the BitPay app or Extension.

PayPal USD for enterprise

Questioning what’s the easiest way to just accept cryptocurrency funds for your online business? BitPay’s crypto fee processing options give companies a turn-key answer to integrating crypto funds into their operations. Join your BitPay service provider account to simply settle for PayPal USD, together with all the different prime cryptocurrencies.

Already a BitPay service provider? No want to fret about needing to take further steps – PYUSD will probably be routinely displayed in your invoices from right here on out!