Recently, PayPal, the well-known payment company, revealed that the stablecoin PYUSD has been launched on Venmo. PayPal specified that this stablecoin will be accessible to selected Venmo users, with the goal of making it available to all users “in the coming days.”
Let’s see all the details below.
PayPal revolutionizes payments with PYUSD stablecoin on Vemno
As anticipated, PayPal announced that Venmo customers can now use their internal stablecoin called PYUSD.
Initially, this service was made available only to selected Venmo users, but it will soon be extended to all Venmo customers, allowing them to “purchase PYUSD and transfer it to contacts on PayPal, Venmo and external compatible wallets.”
The company stressed that transactions between PayPal and Venmo users are fast and free, except for blockchain network fees. It should be noted that PYUSD is an ERC20 token, which implies that fees are charged based on Ethereum market conditions and blockchain congestion.
We współpracy z: https://en.cryptonomist.ch/2023/09/21/venmo-paypals-platform-pyusd-stablecoin/
