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PayPal Introduces Stablecoin-to-Fiat Option, Simplifying International Money Transfers

4Apr

By Kayode Oke MichaelNo Comments

Crypto Exchanges

PayPal Introduces Stablecoin-to-Fiat Option, Simplifying International Money Transfers

PayPal, the payment giant, has announced that its customers in the US can now use its stablecoin to fund international payments. The company's virtual token, PayPal USD (PYUSD), runs on Ethereum and is a dollar-pegged stablecoin backed by cash equivalents and short-term treasuries. Paxos Trust Co. issued the token, and PayPal launched it last year. Read Also: A Golden Chance For Wealth As Dogecoin, Others Make Double Digit Gain PYUSD's market cap is currently at $109 million, making it smaller than other stablecoins such as Tether's USDT, which has a market cap of $106 billion. Customers can now convert PYUSD to dollars and then send money to recipients in approximately 160 countries via PayPal's Xoom payment platform, with no fees. PayPal's SVP of the blockchain, cryptocurrency, ...

Complete Guide On How To Buy Bitcoin With PayPal

Buying Bitcoin with PayPal can be a convenient and easy way to invest in the world's leading cryptocurrency. However, it is important to note that not all exchanges and platforms accept PayPal as a payment method. In this article, we will outline the steps to buy Bitcoin with PayPal and highlight some of the most popular and trusted platforms that support this payment method. Step 1: Choose a Platform The first step in buying Bitcoin with PayPal is to choose a platform that accepts PayPal as a payment method. Some of the most popular platforms that allow you to buy Bitcoin with PayPal include eToro, Paxful, LocalBitcoins, and VirWox. Each platform has its own unique features, fees, and user interface, so it is important to research and compare before making a decision. Step 2: Cre...

Binance To PayPal Short Guide: How To Transfer Crypto From Binance To PayPal

Just like Binance to MetaMask transfers, users can also transfer crypto funds from Binance to PayPal in a few steps. Binance is lauded as one of the major crypto exchanges facilitating cross-channel cryptocurrency transfers while maintaining a constant Binance listings repositories for users to explore and trade in. Read Also: Binance To Introduce crypto Into German Financial Framework Although, with PayPal opening up further crypto services, users are looking at ways to move funds to PayPal. How To Transfer Crypto From Binance To PayPal To transfer crypto from Binance to PayPal, a user must follow the instructions mentioned below: Log into your Binance account.Click on Withdraw button.Click on the Crypto tab.Select the correct network and then choose the currency that you'...