Tag: PayPal

  • ZRO price outlook as PayPal expands PYUSD to more chains via LayerZero

    ZRO price outlook as PayPal expands PYUSD to more chains via LayerZero

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    • LayerZero and PayPal bring stablecoin PYUSD to nine new blockchains.
    • PayPal will use LayerZero’s Omnichain Fungible Token (OFT) standard to expand PYUSD to Aptos, Tron and other networks.
    • Bulls could target $3.20 next before an extended rally brings $7.14 into play.

    PayPal is teaming up with LayerZero to expand its stablecoin PayPal USD (PYUSD) to an additional nine new networks, with this coming amid slight gains for LayerZero’s token ZRO.

    As LayerZero helps PayPal enhance the interoperability and accessibility of PYUSD through Stargate Hydra and the permissionless token, PYUSD0, what does this mean for ZRO?

    LayerZero and PayPal partner to expand PYUSD to 9 new chains

    LayerZero, a leading interoperability protocol, has partnered with PayPal to expand the reach of PYUSD across multiple blockchain networks.

    According to LayerZero’s blog post, this collaboration leverages LayerZero’s infrastructure to support real-world payments by combining it with PYUSD’s liquidity.

    The stablecoin initially launched on Ethereum and later expanded to Solana and Arbitrum.

    However, this expansion means it’s now available on nine more blockchain networks, including Tron, Avalanche, Aptos, Ink, Sei, and Stable.

    This expansion is facilitated through Stargate Hydra, a bridging platform that utilises LayerZero’s Omnichain Fungible Token (OFT) standard, ensuring a permissionless and compliant token deployment from the outset.

    PayPal is making the expansion through PYUSD0.

    “As the stablecoin market continues its rapid growth beyond $270 billion, innovations like this are essential for creating the seamless, interoperable financial infrastructure that users and developers demand. By working together, we will enable PYUSD to reach new markets faster while maintaining compliance and composability from day one,” said David Weber, head of ecosystem at PayPal USD.

    ZRO price outlook amid notable LayerZero integrations

    The integration of LayerZero’s technology with major players like PayPal could help spark further interest in ZRO.

    Already, recent developments, including the launch of Stargate Fast Swaps, have highlighted LayerZero’s ambition to dominate the cross-chain swap market.

    The Fast Swaps feature, which offers sub-second quotes, guaranteed pricing, and single-second execution, is built in partnership with Aori and powered by LayerZero’s messaging capabilities.

    LayerZero’s revenue generated from Fast Swaps will be channelled into ZRO buybacks, potentially impacting the token’s market dynamics.

    As LayerZero continues to integrate with high-profile projects, the ZRO token’s value may benefit from increased utility and demand.

    The token rose to nearly $2.10 following the news of PayPal USD integration, and although bulls have failed to hold onto the gains, the price remains nicely poised for an uptick.

    Bulls could target $3.20 next before an extended rally brings $7.14 into play.

    On the other hand, key levels to watch may include the March 2025 lows of $1.50.



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  • PayPal launches “Pay with Crypto” to help US merchants accept digital asset payments

    PayPal launches “Pay with Crypto” to help US merchants accept digital asset payments

    PayPal launches “Pay with Crypto” to help US merchants accept digital asset payments

    • Businesses can now accept over 100 cryptocurrencies with near-instant conversions.
    • Pay with Crypto reduces transaction costs by up to 90%.
    • US merchants are now connected to a $4T market and over 650M crypto users

    Indeed, the latest stablecoin regulation in the United States was a game-changer.

    Besides bolstering bullish momentum, the GENIUS Act has seen many firms stepping deeper into the future of fintech.

    To support the increasing cryptocurrency adoption, PayPal has rolled out Pay with Crypto.

    The new product will allow US-based merchants to accept payments in over 100 different coins, including stablecoins, Bitcoin, Ethereum, and Solana.

    The best part. Businesses can automatically convert the received tokens to stablecoin or fiat with a 0.99% transaction fee.

    The new feature reduces the costs traditionally linked to cross-border transactions.

    Most businesses that operate internationally suffer from high fees, complex banking requirements, and delays.

    PayPal aims to solve this through a smoother payment process.

    It also unlocks global growth with a borderless customer base.

    PayPal CEO and President Alex Chriss says:

    Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve its goals.

    Solving the international payment crisis

    Businesses globally lose billions yearly through international payment models.

    Delayed settlements, unpredictable exchange rates, and credit card fees have dented global trade.

    That is where Pay with Crypto comes in.

    PayPal introduces instant crypto-to-stablecoin or fiat conversion in an already colossal financial infrastructure.
    Furthermore, merchants will not have to worry about the technical side of digital asset transactions.

    PayPal promises to handle everything, including minimizing volatility, to ensure simplicity without compromising speed and security.
    Also, merchants can use PayPal’s Pay with Crypto to increase their profit margins.

    For instance, they will enjoy up to 90% lower processing fees compared to credit cards.

    Also, businesses that hold their funds as PYUSD (PayPal’s stablecoin) will earn rewards.

    Chriss added:

    Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal’s open platform, the business can accept crypto, pay lower fees, and grow their business – all in one simple step.

    What’s next?

    All merchants in the US will access PayPal’s Pay with Crypto feature in the coming weeks, allowing them to receive payments in over 100 supported digital tokens.

    Businesses can link with trusted wallets like Coinbase, Exodus, OKX, and MetaMask to enjoy instant conversion from crypto to stablecoins like USDT or fiat.

    United States citizens will soon use digital currencies like ETH, BTC, and SOL to pay for goods and services.

    Meanwhile, PayPal is establishing itself as a pioneer amid growing crypto adoption.

    Recently, it integrated with Arbitrum to support PYUSD growth.

    Moreover, OKX tapped PayPal to simplify cryptocurrency purchases across Europe.

    These developments come as digital currencies gain ground in the financial landscape.

    The global crypto market cap hovers at $3.93 trillion after correcting from recent highs above $4 trillion.



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