PYUSD now on Solana

in FreeCompliments4 months ago

Paypal has added its stablecoin PYUSD to the Solana network. This is a clear endorsement for SOLANA, which now includes the stablecoin of a digital giant like Paypal.

According to Paypal management, the Solana network has been chosen for its ability to scale, its processing capacity and its low transaction costs. All these advantages will help Paypal to expand into digital commerce. In other words, Paypal does not want to miss the train of the digital economy and has chosen Solana because it believes it will be one of the best options in the future.

Free to use under the Pixabay Content License

https://pixabay.com/es/vectors/paypal-logo-marca-de-f%C3%A1brica-pagar-784404/

For Solana, the incorporation of PYUSD represents a great recognition of its capabilities as a blockchain. It gives it legitimacy and greatly expands the market. Linking with Paypal can attract a digital audience that moves more into traditional financial payments and electronic commerce. Customers prone to migrate from Paypal's solution to cryptocurrencies like SOLANA.

So we can say that this is a union that benefits both parties, although I think that SOLANA gains much more and that PayPal is only trying to protect its business, which is threatened by payment systems that are cheaper and more efficient than its own.

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