PayPal plans to increase the adoption of its Stable CoinPYUSD

BlockBeats news, on February 26, according to Bloomberg, PayPal plans to increase the adoption of its Stable Coin PYUSD by 2025. It will introduce a bill payment product that will allow its more than 20 million small and medium-sized merchants to choose to use PYUSD to pay suppliers. In addition, PayPal plans to add PYUSD as an option for global payments through Hyperwallet, which is a business that helps organizations send batch payments to contractors, freelancers, or sellers around the world. PayPal acquired Hyperwallet for $400 million in 2018. It 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 transactions through Cryptocurrency with PayPal. PayPal CEO Alex Chriss said in an interview with Bloomberg, "We've been talking about blockchain for ten years - these things will never become a reality until you really start consuming it. I think that's what we're achieving."