A cryptocurrency exchange based in Dubai named Bybit has announced the PYUSD PayPal USD stablecoin listing.
Paxos, a licensed financial business headquartered in New York, has released the stablecoin PYUSD. With the listing of PYUSD, Bybit and PayPal, two major participants in the traditional and cryptocurrency payment industries, officially join forces.
By adding PYUSD to its platform, Bybit hopes to give its customers a reliable and diverse trading environment. The listing of PYUSD, according to Ben Zhou, co-founder and CEO of Bybit, confirms Bybit’s commitment to provide its consumers more options and flexibility in their crypto transactions.
The Crypto Journey of PayPal
Leading online payment processor PayPal has made tremendous advancements in cryptocurrency. PayPal has started measures to integrate cryptocurrencies into its platform, enabling users to purchase, trade, and hold cryptocurrencies including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
This is done to recognize the growing popularity and potential of digital assets. The capability for customers to buy Bitcoin directly using their accounts is one of the primary services introduced by PayPal.
This decision has been a crucial milestone in the adoption of significant cryptocurrencies by the general public. The website has made it easier for people to enter the realm of digital assets by enabling users to purchase cryptocurrency with their PayPal accounts.
Thanks to PayPal, users can now pay at millions of online shops worldwide using their cryptocurrency holdings. As a result, users can now make purchases with their cryptocurrencies, further integrating digital assets into regular commerce.
