Connect with us

News

PayPal expands PYUSD to Solana, targets payment use cases

PayPal has announced the expansion of payment use cases for its PayPal USD (PYUSD) stablecoin and Solana (SOL). This strategic expansion aims to enhance the utility and accessibility of digital payments, reinforcing PayPal’s commitment to integrating cryptocurrencies into mainstream financial services.

Published

on

PayPal has announced the expansion of payment use cases for its PayPal USD (PYUSD) stablecoin and Solana (SOL). This strategic expansion aims to enhance the utility and accessibility of digital payments, reinforcing PayPal’s commitment to integrating cryptocurrencies into mainstream financial services.

The initiative will allow PayPal users to leverage PYUSD and SOL for a variety of transactions, including peer-to-peer payments, merchant services, and other everyday financial activities. This development is expected to drive greater adoption of digital currencies by providing users with more versatile and efficient payment options.

PayPal’s PYUSD, a stablecoin pegged to the US dollar, offers a reliable means of conducting transactions without the volatility typically associated with cryptocurrencies. The inclusion of Solana, known for its high-speed transactions and low fees, further complements PayPal’s payment ecosystem by providing users with fast and cost-effective payment solutions.

Jose Fernandez da Ponte, PayPal’s Senior Vice President and General Manager of Blockchain, Crypto, and Digital Currencies, emphasized the company’s dedication to innovation in the financial sector. “Expanding the use cases for PYUSD and Solana reflects our ongoing efforts to make digital currencies more practical and accessible for everyday use. We are committed to driving the adoption of cryptocurrencies by integrating them seamlessly into our payment platform,” he said.

This expansion comes at a time when the adoption of digital currencies is rapidly growing, driven by increased interest from both consumers and businesses. By integrating PYUSD and Solana into its payment options, PayPal is positioning itself at the forefront of this digital transformation, offering its extensive user base the ability to engage with cryptocurrencies in a more meaningful way.

The enhanced payment use cases for PYUSD and Solana are part of PayPal’s broader strategy to embrace and promote the use of digital currencies. This move is likely to encourage more users to explore the benefits of cryptocurrencies, further bridging the gap between traditional finance and the emerging digital economy.

As PayPal continues to innovate and expand its crypto offerings, it remains committed to providing secure, reliable, and user-friendly financial services. The integration of PYUSD and Solana into its payment infrastructure marks a significant step in the evolution of digital payments, setting the stage for broader acceptance and use of cryptocurrencies in everyday transactions.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk