According to Bloomberg’s latest report, the company is preparing to integrate Paypal USD (PYUSD) into more products.

The payment systems provider announced that it plans to make PYUSD usable for global payments via Hyperwallet. PayPal aims to activate PYUSD payments in the first half of 2025.

Michelle Gill, General Manager of PayPal’s small businesses and financial services group, said the company plans to use PYUSD especially for cross -border payments.

“Most of the payments we expect will be beyond the border because the sellers in the United States want to pay to suppliers and business partners abroad,” Gill said.

PYUSD will be used to perform such payments at a faster and lower cost.

The company aims to make PYUSD a payment option that more than 20 million sellers in and outside the USA can use to pay to suppliers.

It is stated that this process will take place with the new invoice payment product expected to be implemented by the end of the year. Gill said that their goals are more suppliers by including the Paypal network.

Referring to the advantage of PYUSD in payments, Gill said, “The basic idea was this: Can we eliminate foreign exchange transformation, transaction costs and time using PYUSD infrastructure?” He said.

Traditional cross -border payments contain obstacles such as exchange rate fluctuations and high trading fees. Paypal aims to make this process more efficient with PYUSD.

In 2018, Paypal acquired Hyperwallet with a valuation of $ 400 million. San Francisco -based Hyperwallet provides a payment platform that allows the distribution of multiple currencies on a global scale. Thanks to the infrastructure of Hyperwallet, sellers can accept Paypal crypto transactions until the end of 2025.

Paypal CEO Alex Chriss emphasized that blockchain technology should be adopted more in daily life.

“We’ve been talking about Blockchain technology for ten years, but they need to be spent to make it really functional, Chr said Chriss.

The company aims to make Blockchain -based payments more common with PYUSD.

Paypal first released its Stablecoin in August 2023 and released in Ethereum Blockchain. The company plans to increase its accessibility by opening PYUSD to different Blockchain ecosystems.

Last month, it made Pyusd accessible through the Cardano ecosystem. The company continues to integrate with various blockchain networks to expand its use of Stablecoin.

PayPal performed its first commercial transaction last year using PYUSD. This development showed that Stablecoin has started to adopt not only by individual users, but also by businesses. Pyusd is expected to be more adopted, especially in e-commerce and cross-border trade.

This step of PayPal is considered an important development of how Stablecoins will play in the financial world. The large adoption of PYUSD can make Blockchain -based payment systems more common.

The company aims to strengthen the place of digital assets in the financial sector by integrating PYUSD into traditional payment systems.