Venmo, a peer to peer payment app has exciting plans to incorporate PayPals PYUSD stablecoin in the near future. This integration will make it incredibly convenient for Venmos user base to transfer digital assets seamlessly. As per an announcement by PayPal Venmo users will soon be able to purchase PYUSD and send it not to other Venmo users but also to PayPal accounts and compatible third party wallets.
PayPal is proud to introduce this integration as the " large scale wallet interoperability without any associated costs" facilitated by a stablecoin. The company emphasizes that transactions between PayPal and Venmo users will be speedy and free showcasing their commitment towards efficient and cost effective digital transactions.
PYUSD was initially launched on August 7 in collaboration with crypto services firm Paxos. It serves
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First found on: Venmo to Integrate PayPal's ERC-20 Stablecoin PYUSD
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