PayPal has officially confirmed its preference for the Solana blockchain over Ethereum for launching its stablecoin, PYUSD. José Fernández da Ponte, head of PayPal’s Blockchain, Crypto, and Digital Currencies business unit, cited the Ethereum network's shortcomings in facilitating effective payment solutions as a key reason for this decision.
Read MoreIn a significant development for cryptocurrency users, Venmo and PayPal have announced that their platforms will now support Ethereum Name Service (ENS) names for cryptocurrency transfers.
Read MoreIn January, Ethereum’s on-chain data revealed that stablecoin transaction volumes had reached an impressive $652 billion. This number has seen notable fluctuations throughout the year, with a significant peak in April when transaction volumes soared to $1.18 trillion.
Read MoreAs the cryptocurrency market continues to evolve, Solana (SOL) is emerging as a formidable contender in the digital payment landscape, often compared to traditional giants like PayPal.
Read MorePayPal has teamed up with Anchorage Digital to introduce a new rewards program for clients holding PayPal’s USD stablecoin (PYUSD).
Read MorePayPal Holdings, Inc. (NASDAQ: PYPL) has announced impressive financial results for the second quarter ending June 30, 2024, exceeding market expectations and demonstrating robust growth across key metrics.
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