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Paypal is set to integrate its 434 million users in crypto in a move to bring stablecoin payments to customers globally.
Cryptocurrencies are gradually entering the mainstream financial system as traditional financia giants appreciate their revolutionary role in borderless payments. A major boost for crypto adoption has hit the market following Paypal’s announcement of partnership with Coinbase.
Considering paypal’s customer base and Coibase’s crypto influence, this partnership is a huge step to fast and low-cost payments for the digital economy. Stablecoin payments for everyday users will be the initial stage toward on-boarding millions of individuals and business into the DeFi ecosystem and the associated blockchain utility.
Coinbase has embraced this partnership acknowledging it huge impact to the crypto space and the global economy. Per the company’s announcement on X (formerly Twitter);
Let’s do this, @PayPal .We’re teaming up to advance stablecoin payments.
With traditional finance getting on-chain, the market is anticipating more developments towards crypto adoption in the following months.
