Crypto.com, PayPal, and Paxos have joined forces to create a platform for PayPal USD (PYUSD) exchange. This collaboration is aimed at increasing cryptocurrency accessibility and advancing digital commerce. Joe Anzures, SVP and GM, Americas and Global Head of Payment Partnerships at Crypto.com, expressed his enthusiasm for the venture. He believes that this partnership will help Crypto.com reach its goal of “crypto to every wallet”. The alliance is an extension of prior integrations between PayPal and Crypto.com, such as enabling PayPal as a top-up mechanism for the Crypto.com Visa Card. The two companies are also looking to explore more intertwined top-up and commerce capabilities. PYUSD is a stablecoin fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. It is now available on the Crypto.com platform for retail users via the Crypto.com App, with more trading features to come. This trifecta partnership is expected to create a new narrative in the crypto exchange ecosystem.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 10 |
| People | Joe Anzures |
| Companies | Crypto.com, Paxos Trust Company, U.S. Treasuries, Paxos, PayPal |
| Currencies | PayPal USD, Bitcoin, Pax Dollar, US Dollar, Ethereum |
| Securities | None |
