PayPal On And Off Ramps For Web3 Payments: Another Step Closer To Crypto After PYUSD
Portfolio Pulse from Khyathi Dalal
PayPal (NASDAQ:PYPL) has launched PayPal On and Off Ramps integration, a secure payment solution aimed at making the process of buying and selling crypto in the U.S. more efficient. The offering will make digital wallets, decentralized applications (dApps), and NFT marketplaces more accessible. PayPal is also the first financial service company to launch its native stablecoin PYUSD to promote the use of crypto as a payment method.
September 12, 2023 | 3:06 pm
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PayPal's new integration is expected to streamline crypto transactions and promote the use of its native stablecoin PYUSD, potentially attracting more users and increasing transaction volumes.
PayPal's new integration is designed to make crypto transactions more efficient, which could attract more users to its platform. Additionally, the launch of its native stablecoin PYUSD could further increase transaction volumes as it promotes the use of crypto as a payment method. Both of these factors could have a positive impact on PayPal's stock in the short term.
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