The global payment platform has expanded the coded currency shows to include ChainLink (connection) And Solana (TellerGranting users at our headquarters the ability to buy, sell and transfer common symbols.
LINK and Sol support will be offered over the next few weeks and will also be extended to Venmo users, a payment platform for US mobile phones owned by PayPal, the company Detected On April 4.
source: Cointelegraph
Nearly 83 million people used Venmo at least once in 2023, according to the latest information available from PayPal.
Paypal’s global arrival extends to nearly 428 million accounts as of December, which is the majority in the United States.
The company’s encryption services are only available for the population.
Paypal expands encryption offers in response to the increasing demand for consumers, according to May Zabaneh, an executive official in the PayPal Crusion and Country Department.
“Providing more symbols on Paypal and Venmo provides users with more flexibility and choice and access to digital currencies,” she said.
American Crypto offers in PayPal now include seven digital assets in total, including the payment of Stable Paypal usd (pyusd).
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PayPal’s Stablecoin Push
Pyusd reinforced in 2023 PayPal entered the encrypted currency market. Almost one year after its launch, Pyusd exceeded one billion dollars In the total market value for the first time.
Since then, the traded PYUSD supplies have decreased to about $ 760 million, according to industry data.
Stablecoin from the US dollar in Paypal reached its peak at more than one billion dollars in August 2024. Source: Devilia
To show Pyusd benefit, Paypal settled an invoice With the global consulting company Ernst & Young in October for an unknown amount.
At the time, the first vice president of Blockchain, Jose Fernandez d.
Despite the modest pyusd supplies compared to Stablecoin USDT leaders (USDT) And USDC (USDC) The company’s participation in this sector cannot be reduced, according to Mark Boyon, CEO of Polygon Labs.
in Interview with CointelegraphThanks to Boireon companies such as PayPal and Stripe to stimulate the adoption of Stablecoin at a time when organizers and institutions were still not sure of this technology.
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