Paypal CEO Alex Chris has talked about the expanding cooperation of the company with Cryptocurrency Exchange Coinbase. In a recent announcement, Coinbase announced that he was stepping on to promote stable payments with Paypal.
Thursday, Cave base Said he expands his partnership with PayPal to speed up, distribution and use of PayPal USD (PYUSD) Stablecoin. Coinbase increases the usefulness of Pyusd by supporting the 1: 1 PYUSD -USD Conversions throughout its custody and trading platforms, and explores the development of new chains for Pyusd. Coinbase wants to control the institutional stable utility by expanding Pyusd access.
This collaboration is based on previous works announcing two companies in 2021, allowing Coinbase users Use your PayPal accounts to finance Coinbase purchases and withdraw Fiat currency from the platform.
PayPal CEO responds
The CEO of Paypal in Tweetis Alex Chris He responded to the last move of the two companies, saying: “Incredibly excitedly excited to work with the Brian Armstrong and Coinbase team to create a smoother way for Coinbase users to get access to Pyusd and work with future uses.”
Paypal's CEO developed a partnership, adding: “We are upgrading and building the future of trade using the latest technologies -from AI to chip circuits to stable -to provide our customers with the most advanced ways to do shopping experience.”
Between them
Paypal's official edition of the CEO referred to the CEO that the partnership “manages” new, exciting and innovative uses with Coinbase and the entire cryptocurrency community, putting Pyusd downtown and leading developers, customers and other users among digital currencies.
The cooperation also includes Defi's study, with Coinbase and Paypal agreeing to investigate Pyusd's new use of uses on defe and chain platforms.
