{"id":138827,"date":"2024-10-08T08:30:57","date_gmt":"2024-10-08T05:30:57","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138827"},"modified":"2024-10-07T16:02:37","modified_gmt":"2024-10-07T13:02:37","slug":"paypal-completes-first-corporate-payment-using-stablecoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/paypal-completes-first-corporate-payment-using-stablecoin\/","title":{"rendered":"PayPal Completes First Corporate Payment Using Stablecoin"},"content":{"rendered":"<p>On September 23, 2024, PayPal <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-03\/paypal-completes-its-first-business-transaction-using-stablecoin?sref=QkiN9npb\" target=\"_blank\" rel=\"nofollow\">settled<\/a><\/strong> an invoice with Ernst &amp; Young LLP, showcasing the potential of stablecoins to simplify and improve corporate payment systems.<\/p>\n<p>This milestone demonstrates the increasing relevance of digital assets in the business world, where traditional financial processes can be streamlined through blockchain technology.<\/p>\n<p>The transaction was facilitated using SAP SE\u2019s digital currency hub, which allowed PayPal to leverage the benefits of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/paypal-usd\/\">PYUSD<\/a><\/strong> for cross-border payments.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/visa-unveils-new-tokenised-asset-platform-for-banks\/\" title=\"Visa Unveils New Tokenised Asset Platform for Banks\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Visa-buys-unicorn-for-5-billion-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Visa Unveils New Tokenised Asset Platform for Banks<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Although the exact amount of the invoice remains undisclosed, the use of PYUSD highlights how cryptocurrencies can reduce the complexity and inefficiencies often associated with international settlements.<\/p>\n<p>This move could signal the beginning of broader integration of digital assets into corporate finance, potentially accelerating mainstream crypto adoption across various industries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal recently marked a significant development in the adoption of digital currencies by completing its first business transaction using its stablecoin, PYUSD.<\/p>\n","protected":false},"author":9,"featured_media":27528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,28],"tags":[],"class_list":["post-138827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal Completes First Corporate Payment Using Stablecoin<\/title>\n<meta name=\"description\" content=\"PayPal recently marked a significant development in the adoption of digital currencies by completing its first business transaction using ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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