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Mastercard’s Crypto Network and PayPal’s Stablecoin Go Live: What You Need to Know

Published 05/30/2024, 03:54 PM
Updated 05/30/2024, 04:15 PM
Mastercard’s Crypto Network and PayPal’s Stablecoin Go Live: What You Need to Know
PYPL
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  • Mastercard launches its P2P payment network across borders, called the Mastercard Crypto Credentials.
  • PayPal’s stablecoin PayPal (NASDAQ:PYPL) USD (PYUSD) is now available on the Solana blockchain.
  • Tech giants’ wide acceptance of crypto and blockchain spaces is evident from these collaborations.

Tech giants Mastercard and PayPal have garnered attention with their strategic initiatives to revolutionize the crypto space. While Mastercard launched its peer-to-peer crypto transaction network, PayPal’s stablecoin PYUSD debuted on the Solana blockchain.

American credit card company Mastercard has recently announced the launch of Mastercard Crypto Credential, a P2P network to send and receive cryptocurrencies across borders. While the P2P platform focuses on users in Europe and Latin America, it supports transactions on exchanges such as Bit2Me, Lirium, and Mercado Bitcoin.

The post Mastercard’s Crypto Network and PayPal’s Stablecoin Go Live: What You Need to Know appeared first on Coin Edition.

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