PayPal USD (PYUSD), the stablecoin issued by Paxos Trust Company, has expanded its ecosystem with a new integration on Crypto.com Pay. This strategic partnership brings seamless digital currency functionality to millions of Crypto.com users worldwide.
Key Features of PYUSD on Crypto.com Pay
The integration unlocks multiple utility-driven use cases:
- Peer-to-peer transfers: Send PYUSD instantly via the 'Pay Your Friends' feature
- Global commerce: Shop across Crypto.com's merchant network or purchase gift cards from 100+ brands
- Digital asset access: Buy cryptocurrencies or top up prepaid services like Airtime worldwide
- Checkout solution: Use PYUSD as payment for goods/services on integrated platforms
Industry Leaders Discuss the Integration
A recent live AMA featured insights from:
- Ronak Daya (Head of Product, Paxos)
- Edwin Aoki (CTO of Blockchain, PayPal)
- Joe Anzures (GM of Americas, Crypto.com)
๐ Watch the full AMA session here to learn about:
- PYUSD's stablecoin technology
- The Crypto.com Pay implementation
- Future roadmap for digital payments
Getting Started with PYUSD
For users:
- Access PYUSD directly through Crypto.com's payment interface
- Explore the full range of supported use cases
For businesses:
- Paxos provides integration support for platforms
- Enterprise solutions available for merchants and financial services
FAQ: PayPal USD on Crypto.com Pay
Q: What makes PYUSD different from other stablecoins?
A: As a regulated stablecoin backed 1:1 with USD reserves and issued by Paxos, PYUSD combines PayPal's payment infrastructure with blockchain efficiency.
Q: Can I earn rewards using PYUSD?
A: Crypto.com may offer promotional benefits - check their official channels for current programs.
Q: How does this compare to traditional PayPal transactions?
A: Blockchain settlement enables faster, borderless transactions with lower fees compared to conventional systems.
Q: Is there a minimum transaction amount?
A: Crypto.com Pay supports flexible amounts, making it suitable for both micropayments and large transfers.
๐ Discover more about Crypto.com's payment solutions and how PYUSD enhances digital commerce experiences.
The collaboration between PayPal, Paxos, and Crypto.com represents a significant leap toward mainstream crypto adoption in everyday financial activities.