PayPal CEO Says ‘Moving Quickly’ To Bring Crypto, Stablecoin Benefits To Users — Fintech Giant Partners With Coinbase To Boost Solana-based PYUSD
Fintech giant PayPal Holdings Inc. (NASDAQ:PYPL) said Tuesday it was committed to boosting cryptocurrency adoption, with a particular emphasis on its PayPal USD (CRYPTO: PYUSD) stablecoin.
What Happened: During the company’s first-quarter earnings call, CEO Alex Chriss said PayPal was “making strides” and “moving quickly” to bring the benefits of cryptocurrency and stablecoins to its user base.
“Last week, we introduced the ability to earn rewards for holding PYUSD. This will increase the adoption and use of digital currencies for everyday commerce, from sending money internationally to making purchases and more,” Chriss stated.
Regarding PYUSD, the top executive said PayPal has been strengthening its ties with cryptocurrency industry giants such as Coinbase Global Inc. (NASDAQ:COIN) to facilitate easier access and usage.
Moreover, …
About The Author
