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Business

PayPal Completes Its First Business Transaction Using Stablecoin

PayPal completed its first business payment using its proprietary stablecoin as a way to demonstrate how digital currencies can be used to improve often-clunky commercial transactions. From a report: PayPal paid an invoice to Ernst & Young LLP on Sep

By: Slashdot.org
  • Oct 05 2024
  • 30
  • 4419 Views
PayPal Completes Its First Business Transaction Using Stablecoin
PayPal Completes Its First Bus
PayPal paid an invoice to Ernst & Young LLP on Sept. 23 using PYUSD, the stablecoin the firm launched last year, relying on an SAP SE platform to complete the transaction. SAP's platform, known a… [+615 chars]

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