PayPal is planning to expand its PYUSD stablecoin across multiple products, allowing merchants, freelancers, and global sellers to pay, get paid, and settle transactions with PYUSD in new ways. The company aims to integrate PYUSD into bill payments, Hyperwallet's mass payouts, and eventually crypto settlements for all PayPal checkout transactions. The goal is to turn PYUSD into a default digital cash system, eliminating unnecessary banking fees and delays. PayPal has already completed its first business transaction using PYUSD, and now aims to get more merchants to use it. Additionally, PayPal is bringing PYUSD to Hyperwallet, allowing businesses to send faster and cheaper global payments without relying on banks. The move is expected to be beneficial for freelancers, gig workers, and independent sellers who use Hyperwallet. CEO Alex Chriss stated that crypto payments are no longer just an idea, and PayPal aims to enable users to actually spend cryptocurrencies. PayPal is also focusing on turning Venmo into a full-scale business payments platform, partnering with companies like DoorDash, Starbucks, and Ticketmaster. The company's stock has seen a significant drop in recent years, and Chriss is aiming to reverse this by focusing on transaction margins and revenue growth. PayPal is also bringing in new partners, such as Instacart and MoonPay, to expand Venmo's reach in crypto transactions and online commerce.



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