Odaily News PayPal plans to increase the adoption of its stablecoin PYUSD in 2025, and it will launch a bill payment product that will allow its more than 20 million small and medium-sized merchants to choose to pay suppliers with PYUSD. In addition, PayPal plans to add PYUSD as an option for global payments through Hyperwallet, a business that helps organizations send bulk payments to contractors, freelancers or sellers around the world. PayPal acquired Hyperwallet for $400 million in 2018 and plans to launch PYUSD payments in the first half of this year. By the end of 2025, the business will also allow merchants to settle PayPal checkout transactions in cryptocurrency.
PayPal CEO Alex Chriss said in an interview with Bloomberg, "We've been talking about blockchain for a decade - the concept of this stuff is never going to be a reality until you actually start consuming it. I think that's what we achieved." (Bloomberg)