PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can convert PYUSD to other PayPal-supported digital assets.
Venmo, the mobile electronic payment platform owned by PayPal, has just launched a service that allows cryptocurrency trading.
During PayPal's earnings call on February 3rd, PayPal CEO Dan Schulman discussed PayPal's plans to expand its blockchain and digital currency services.
PayPal plans to expand its digital currency service offering to Venmo users as well as the 26 million merchants who use PayPal beginning in early 2021.
PayPal saying it’s “further developing capabilities’ in blockchain technologies gives credence to the rumor that Paypal and Venmo will be integrating digital currency services.
PayPal is on the hunt for digital currency experts to join its team at a time when the news of its possible digital currency integration have grabbed headlines.
