Bitget App
Trading lebih cerdas
Beli KriptoPasarTradingFuturesEarnWeb3WawasanSelengkapnya
Trading
Spot
Beli dan jual kripto dengan mudah
Margin
Perkuat modalmu dan maksimalkan efisiensi dana
Onchain
Trading Onchain, tanpa on-chain
Konversi
Tanpa biaya, tanpa slippage
Jelajah
Launchhub
Dapatkan keunggulan lebih awal dan mulailah menang
Copy
Salin elite trader dengan satu klik
Bot
Bot trading AI yang mudah, cepat, dan andal
Trading
Futures USDT-M
Futures diselesaikan dalam USDT
Futures USDC-M
Futures diselesaikan dalam USDC
Futures Koin-M
Futures diselesaikan dalam mata uang kripto
Jelajah
Panduan fitur
Dari pemula hingga mahir di perdagangan futures
Promosi Futures
Hadiah berlimpah menantimu
Ringkasan
Beragam produk untuk mengembangkan aset Anda
Earn Sederhana
Deposit dan tarik kapan saja untuk mendapatkan imbal hasil fleksibel tanpa risiko
Earn On-chain
Dapatkan profit setiap hari tanpa mempertaruhkan modal pokok
Earn Terstruktur
Inovasi keuangan yang tangguh untuk menghadapi perubahan pasar
VIP dan Manajemen Kekayaan
Layanan premium untuk manajemen kekayaan cerdas
Pinjaman
Pinjaman fleksibel dengan keamanan dana tinggi
PayPal Completes First Corporate Payment Using PYUSD Stablecoin

PayPal Completes First Corporate Payment Using PYUSD Stablecoin

CoineditionCoinedition2024/10/08 01:09
Oleh:By Nynu V Jamal
  • PayPal has completed its first business transaction using its stablecoin PYUSD.
  • The transaction highlights stablecoins’ potential to streamline corporate payments.
  • PayPal has settled an invoice with Ernst Young LLP using PYUSD.

Financial technology company PayPal Holdings achieved a significant milestone in corporate payments, potentially driving mainstream crypto adoption. The platform executed its first business transaction using its stablecoin PayPal USD (PYUSD) on September 23, 2024.

PayPal Settles Invoice with Ernst Young Using PYUSD

According to Bloomberg , PayPal Holdings settled an invoice with multinational accounting firm Ernst Young LLP using PYUSD. This demonstrates the potential of digital assets to improve corporate payments. PayPal reportedly used the SAP SE platform, known as the digital currency hub, to complete the transaction.

Baca juga: Vitalik Buterin di ENS: “Hebat” dan PayPal, integrasi Venmo Meningkatkan Adopsi

While the invoice amount remains undisclosed, the transaction highlights the streamlined process of cross-border payments using PYUSD, showcasing the potential for simplified and efficient international settlements.

Notably, PayPal deposited the funds into Ernst Young’s Coinbase account. In a Coinbase blog post, PayPal’s Director of Market Development, Steve Everett, stated, “Business-to-business payments is ripe for innovation, and digital currencies can provide incredible value in these use cases.”

Stablecoins and Cross-Border Transactions

Stablecoins are cryptocurrencies backed by assets or commodities like fiat currencies or gold. Investors often prefer stablecoins to highly volatile cryptocurrencies. PYUSD is pegged to the US Dollar and has a market cap of $700 million.

Read also: PayPal and Venmo Embrace ENS for Smoother Crypto Transactions

Jose Fernandez da Ponte, PayPal’s senior vice president of its blockchain, cryptocurrency, and digital currency group, explained the benefits of using stablecoins for cross-border transactions. He stated that business group transactions, especially in international connections, are often expensive and risky. Sometimes, they require reliance on third parties.

In such a scenario, stablecoin transactions offer a more attractive option due to their faster settlements. Acknowledging PayPal’s collaboration with the industry leads, Fernandez da Ponte stated, “Paypal, SAP, EY – those are names that are very, very well-established.”

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: Konten pada artikel ini hanya merefleksikan opini penulis dan tidak mewakili platform ini dengan kapasitas apa pun. Artikel ini tidak dimaksudkan sebagai referensi untuk membuat keputusan investasi.

PoolX: Raih Token Baru
APR hingga 12%. Selalu aktif, selalu dapat airdrop.
Kunci sekarang!

Kamu mungkin juga menyukai