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<ul class="wp-block-list news-points">
 <li>PayPal has completed its first business transaction using its stablecoin PYUSD.</li>
 <li>The transaction highlights stablecoins’ potential to streamline corporate payments.</li>
 <li>PayPal has settled an invoice with Ernst &amp; Young LLP using PYUSD.</li>
</ul>
Financial technology company PayPal Holdings achieved a significant milestone in corporate payments, potentially driving mainstream crypto adoption. The platform executed its first business transaction using its stablecoin PayPal USD (PYUSD) on September 23, 2024.
<h2 class="wp-block-heading" id="h-paypal-settles-invoice-with-ernst-amp-young-using-pyusd">PayPal Settles Invoice with Ernst &amp; Young Using PYUSD</h2>
According to <a href="https://www.bloomberg.com/news/articles/2024-10-03/paypal-completes-its-first-business-transaction-using-stablecoin?sref=QkiN9npb" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a>, PayPal Holdings settled an invoice with multinational accounting firm Ernst &amp; Young LLP using PYUSD. This demonstrates the potential of digital assets to improve corporate payments. PayPal reportedly used the SAP SE platform, known as the digital currency hub, to complete the transaction.
<a href="https://coinedition.com/vitalik-buterin-on-ens-great-and-paypal-venmo-integration-boosts-adoption/" rel="noopener noreferrer nofollow">Read also: Vitalik Buterin on ENS: “Great” and PayPal, Venmo Integration Boosts Adoption</a>
While the invoice amount remains undisclosed, the transaction highlights the streamlined process of cross-border payments using PYUSD, showcasing the potential for simplified and efficient international settlem…
The post <a href="https://coinedition.com/paypal-completes-first-corporate-payment-using-pyusd-stablecoin/" rel="noopener noreferrer nofollow">PayPal Completes First Corporate Payment Using PYUSD Stablecoin</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

PayPal Completes First Corporate Payment Using PYUSD Stablecoin

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