tldr; PayPal is advancing the mass adoption of crypto payments through significant investments, including the launch of its stablecoin PYUSD in August 2023. The company now allows merchant customers to buy, sell, and hold crypto directly from their wallets, potentially driving widespread adoption with its 400 million customers and 36 million merchant accounts. PayPal’s efforts highlight the integration of traditional finance with crypto, emphasizing interoperability and flexibility. However, crypto taxes remain a challenge for broader utilization.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; PayPal is advancing the mass adoption of crypto payments through significant investments, including the launch of its stablecoin PYUSD in August 2023. The company now allows merchant customers to buy, sell, and hold crypto directly from their wallets, potentially driving widespread adoption with its 400 million customers and 36 million merchant accounts. PayPal’s efforts highlight the integration of traditional finance with crypto, emphasizing interoperability and flexibility. However, crypto taxes remain a challenge for broader utilization.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.