PayPal launches a major attack: opening up over 1 million business accounts in the United States to directly buy and sell cryptocurrencies
American merchants can directly purchase, hold, and sell cryptocurrencies from PayPal corporate accounts.
Author: Meta Space DAO
Article source: Meta Space DAO
Payment giant PayPal released a press release yesterday stating that American merchants can directly purchase, hold, and sell cryptocurrencies from PayPal corporate accounts, but this cryptocurrency service will not be initially open to corporate accounts in New York State.
Since October 2020, payment giant PayPal has been providing US users with the option to purchase, hold, and sell cryptocurrencies for the first time. After expanding this service to its mobile payment service Venmo in 2021, PayPal continues to work in the cryptocurrency field, attempting to bring existing users and merchants into the cryptocurrency industry.
After nearly 4 years, PayPal announced in a press release on the 25th that American merchants can directly purchase, hold, and sell cryptocurrencies from PayPal corporate accounts, but this cryptocurrency service will not be initially open to corporate accounts in New York State.
Jose Fernandez da Ponte, Senior Vice President of Blockchain at PayPal, stated that since we introduced the feature where PayPal and Venmo users can buy, sell, and hold cryptocurrencies in their wallets, we have gained a deeper understanding of how they use cryptocurrencies.
However, an increasing number of businesses have expressed a desire to obtain the same cryptocurrency features as consumers. To meet this demand, we are pleased to launch this new service to help businesses easily use digital currencies.
Not only that, PayPal also allows American merchants to transfer cryptocurrencies from the chain to supported third-party wallets.
According to a 2023 statistical data, there were approximately 17317147 websites worldwide that could use PayPal last year, with over 1039766 websites using PayPal in the United States and 308166 websites reporting using PayPal for online transactions in the United Kingdom.
It is expected that by the end of 2024, the global number of PayPal users will reach 236.7 million.
PYUSD market value exceeded 1 billion US dollars in August
In addition, Paypal's stablecoin PYUSD, which was issued on the Ethereum chain last year, has also experienced significant growth this year. Among them, PYUSD's launch on the public chain Solana in May this year is the key to rapid growth. Paypal stated that Solana is known for its extremely low-cost and high-speed processing of large amounts of transactions, providing significant advantages for commercial use cases. As the most commonly used blockchain for stablecoin transfers, Solana has become the leading blockchain for running tokenized transactions, and as Solana continues to be used in payment applications, it has become an ideal choice for PYUSD. Recently, the Solana ecosystem PayFi narrative has flourished, causing PYUSD's market value to surpass the $1 billion mark in August. (However, as the subsequent rewards expire, the circulation seems to have declined again)
Former PayPal CEO: Bitcoin outperforms fiat in cross-border transactions
According to reports, at the Microstrategy World 2024 event held in Las Vegas in May, David Marcus, former president of PayPal and current CEO of Lightspark, shared the prospects of combining artificial intelligence (AI) with Bitcoin (BTC) during the "Bitcoin for Companies" segment.
David Marcus believes that Bitcoin has the potential to become the primary trading currency for AI and describes it as "maximally neutral". For AI systems operating in different countries or regions, this characteristic gives it an advantage over traditional fiat currencies such as the euro or dollar.
Marcus emphasized at the meeting that Bitcoin can eliminate the inherent inefficiencies and frictions of fiat currency. He predicts that AI agents will adopt this' digital native 'trading medium.
(责任编辑:商业)
-
这位朋友说,他们企业网站就是一个摆设,只有少数人能够登陆访问,现在QQ、微信都如此方便,还用网站干嘛? 很多企业网站在上线之初,都考虑到网站的办公功能,这其实只体现了网站一个小功能,对于...[详细]
-
养老金概念31日主力净流出19.78亿元,宗申动力、罗博特科居前
并且永安行认为,现在的共享单车市场存在着太多的问题急需解决, 目前在无桩共享单车模式下,普遍对于自行车较为缺少和难以进行保养、维护及管理,自行车损耗率、遗失率及折旧较快,加之在一些城市出现过度、无序...[详细]
-
很难想象,这家号称拿过2000万美元投资的公司会在一夜之间消失无踪...[详细]
-
正所谓有有阳光的地方就必会有阴影相伴。...[详细]
-
我们还结合技术手段、公开信息、企业APP更新、企业微信公众号更新、企业官方网站更新及工作电话确认这五个纬度进行判断,同时满足所有纬度则判定项目为“已关闭”的,我们才称之为&...[详细]
-
运营和品牌市场一样,对创意有着较高的要求。...[详细]
-
近两年应声响起的各种“工业小镇”“文化小镇”“汽车小镇”“主题公园”,则是在这种市场危机下,作出的探...[详细]
-
在2016年底的时候,niconico的日活跃用户是331万人,付费会员则是252万人。...[详细]
-
业内认为,现实有力地驳斥了毕胜,他的观点也随之应者寥寥。...[详细]
-
您也可以得到客户的邮箱,从而与客户取得联系,进行后续跟踪。...[详细]