Source: CryptoNewsNet
Original Title: YouTube taps PayPal to bring stablecoin payments to its platform
Original Link:
Key Highlights
YouTube now allows U.S. creators to choose PayPal’s flagship stablecoin PYUSD as a payout method
PayPal stablecoin integration provides a new option for digital payments without the platform directly handling crypto assets
Details
YouTube has begun allowing U.S. creators to select PayPal’s flagship stablecoin PYUSD as a payout option.
May Zabaneh, Head of Crypto Business at PayPal, confirmed this integration, which is built on the PayPal Business Payments Network, allowing YouTube to avoid directly handling crypto assets. As existing PayPal customers, YouTube adopted this option following PayPal’s early rollout of stablecoin payment features earlier this year.
PYUSD, issued by Paxos and launched in August 2023, aims to facilitate seamless exchanges, cross-border transfers, subscription payments, merchant payouts, and near-instant settlements within the PayPal ecosystem. The stablecoin focuses on daily commercial applications, aiming to reduce banking delays and protect users from volatility risks.
PYUSD has seen widespread adoption and is now supported by a stablecoin settlement platform on a payment platform, alongside Global Dollar (USDG) and Circle’s EURC. According to CoinGecko data, this token has grown to become the sixth-largest stablecoin, with a market cap of $3.9 billion.
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DYORMaster
· 17h ago
I think this move is pretty good. It finally gives creators another option instead of just waiting to be cut...
View OriginalReply0
FancyResearchLab
· 17h ago
Another stablecoin payment option, in theory, should be feasible, but how many creators can actually use it...
View OriginalReply0
SmartContractWorker
· 17h ago
YouTube with PYUSD, now creators have an additional withdrawal option
Stablecoin payments are becoming more and more common, but it still depends on how PYUSD's liquidity performs
PayPal's move is quite clever, effortlessly capturing Web3 users
YouTube replacing BTC/ETH with stablecoins, boosting a sense of security, and the risk is indeed much lower
It's another case of American priority... when will creators from other regions get their turn
View OriginalReply0
BearMarketBarber
· 17h ago
Another round of cutting leeks, what is PYUSD used for?
View OriginalReply0
bridgeOops
· 18h ago
PayPal has entered the market; it's the inevitable trend.
YouTube partners with PayPal to introduce stablecoin payments on the platform
Source: CryptoNewsNet Original Title: YouTube taps PayPal to bring stablecoin payments to its platform Original Link:
Key Highlights
Details
YouTube has begun allowing U.S. creators to select PayPal’s flagship stablecoin PYUSD as a payout option.
May Zabaneh, Head of Crypto Business at PayPal, confirmed this integration, which is built on the PayPal Business Payments Network, allowing YouTube to avoid directly handling crypto assets. As existing PayPal customers, YouTube adopted this option following PayPal’s early rollout of stablecoin payment features earlier this year.
PYUSD, issued by Paxos and launched in August 2023, aims to facilitate seamless exchanges, cross-border transfers, subscription payments, merchant payouts, and near-instant settlements within the PayPal ecosystem. The stablecoin focuses on daily commercial applications, aiming to reduce banking delays and protect users from volatility risks.
PYUSD has seen widespread adoption and is now supported by a stablecoin settlement platform on a payment platform, alongside Global Dollar (USDG) and Circle’s EURC. According to CoinGecko data, this token has grown to become the sixth-largest stablecoin, with a market cap of $3.9 billion.