PayPal Endorses Blockchain as Game-Changer in Global Payments

• PayPal pioneered online payments by building an ecosystem focused on security, speed, and accessibility to enable digital transactions with the same immediacy as other online activities.
• Crypto and blockchain technology enables faster, cheaper, global payments by serving as new financial rails, getting us closer to the goal of seamless cross-border transactions.
• PayPal continues its mission of letting people pay how they want by embracing crypto, as seen in the launch of PYUSD, a stablecoin that represents PayPal’s stance on delivering easier, faster payments.

Payments have progressed over time to enable greater freedom and autonomy. As we evolve from physical cash to digital transactions, payments continue getting faster, cheaper, and more global. PayPal pioneered online payments, and now PYUSD brings payments on-chain, continuing the journey towards letting people pay how they want.

The Digital Payment Revolution

When the internet emerged, information and money migrated online. People now expected the same immediacy for payments as other online activities. However, a gap exists between the digital infrastructure and a trustworthy payment system.

PayPal bridged this gap by building an ecosystem focused on security, speed, and accessibility. We strived to let people pay how they want by providing flexible and safe global payments. Our singular commitment to making payments easier has defined our evolution for over two decades.

The New Gap: PayPal, Crypto, and New Financial Rails

While current systems aim for seamless global transactions, the reality falls short. Settlement times remain long, markets have limited hours, and costs stay high. Crypto gets us closer to fast, cheap, global payments by using blockchain as the new payment rail.

Blockchain enables round-the-clock, instant, low-cost transactions. We recognize crypto’s potential for improving payments. PayPal can bridge the gap again by bringing crypto solutions into the mainstream with trust and accessibility.

PayPal Payments and PYUSD

In 2020, we brought crypto trading to PayPal and Venmo. Last year, we enabled crypto transfers to external wallets, connecting CeFi and DeFi. PYUSD, our chosen stablecoin, represents our stance in delivering what customers want – easier, faster payments.

Pay How You Want

PayPal has always empowered people to transact on their terms. Crypto creates a new paradigm for achieving that goal globally. PYUSD embodies our commitment to letting people pay how they want.