PayPal Completes Its First Business Transaction Using Stablecoin

Slashdot
By msmashOct 3, 2024, 10:49 am117 pts
PayPal completed its first business payment using its proprietary stablecoin as a way to demonstrate how digital currencies can be used to improve often-clunky commercial transactions. From a report: PayPal paid an invoice to Ernst & Young LLP on Sept. 23 using PYUSD, the stablecoin the firm launched last year,…

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