Similar Stories to Paypal Makes First Business Transaction Using Pyusd Stablecoin on Bing News

Graeme Hanna, ReadWriteWeb
Fri, 10/04/2024 - 5:58am

PayPal has completed its first-ever business payment using its proprietary stablecoin, PayPal USD (PYUSD). The transaction marks another move for mainstream big business toward cryptocurrency, as initially reported by Bloomberg. PayPal made the undisclosed payment on September 23, settling an invoice from Ernst & Young LLP via SAP’s digital currency hub which provides the platform for instant transfers. PYUSD is a crypto token pegged to the US dollar, also known as a stablecoin because it is designed to maintain its set value at $1.

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BING NEWS:

PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report
Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin that it launched last year.
10/4/2024 - 7:45 am | View Link
PayPal Provides US Business Crypto Boost
US businesses with PayPal accounts will be able to facilitate crypto transactions after PayPal Holdings announced that they would enable … Continue reading ...
10/4/2024 - 3:37 am | View Link
PayPal Executes First PYUSD Payment — How It Stacks Up Against Tether’s USDT
PayPal’s successful business payment using PYUSD demonstrates the growing practicality and acceptance of stablecoins in commercial transactions. Fintech giants like Robinhood and Revolut are also ...
10/4/2024 - 1:28 am | View Link
PayPal Completes First Business Payment Using $PYUSD, Highlighting Stablecoin's Commercial Utility
PayPal recently completed what is said to be the first business payment using stablecoin $PYUSD, marking a milestone in the stablecoin industry's move toward broader adoption via business payments ...
10/4/2024 - 12:11 am | View Link
PayPal Conducts First B2B Transaction Using PYUSD Stablecoin
PayPal completed its first corporate payment using its PYUSD stablecoin to Ernst & Young, marking a significant step in the adoption of digital currencies for business transactions.
10/3/2024 - 11:10 pm | View Link
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