Rewards

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/paypal-pursues-crypto-rewards-despite-regulatory-challenges/" data-wpel-link="internal">PayPal Pursues Crypto Rewards Despite Regulatory Challenges</a><br></p>
<p style="text-align: justify">With over 400 million active users, PayPal has long been interested in cryptocurrencies. Now, despite regulatory confusion, the SEC’s strict stance, and potential lawsuit risks, it is taking action for crypto rewards. A few minutes ago, <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">an announcement</a> indicated the company’s appetite in the crypto space.</p> 
<h2 style="text-align: justify" id="paypal-and-cryptocurrencies">PayPal and Cryptocurrencies</h2> 
<p style="text-align: justify">Valued at over $60 billion, PayPal is far ahead of its competitors and is closely involved with crypto. Besides the crypto exchange feature within the app, it has also issued its own stablecoin. This step was the last major move in the race of Web2 giants in crypto. While trillion-dollar giants issue ETFs, companies like PayPal strive to grow their share of the <a href="https://en.coin-turk.com/south-korean-crypto-exchanges-address-concerns-over-new-regulations/" data-wpel-link="internal">crypto market</a>.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-382342 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/pyusd-odulleri.png" alt="" width="590" height="380"></p> 
<p style="text-align: justify">In August 2023, the company joined the stablecoin race with the dollar-backed PYUSD and has already reached nearly $1 billion in value for PYUSD. Moreover, it is accelerating its growth by expanding to alternative networks. Now, to further increase the adoption rate of its stablecoin, it has partnered with Anchorage Digital, the only US-based bank with a charter. This will allow it to offer stablecoin rewards to its user base of accredited <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> holding PYUSD.</p> 
<p style="text-align: justify">Anchorage Digital insists that the PYUSD and the reward program cannot be considered under an investment contract or security. This latest move is a bold step and reflects confidence that crypto will not be stifled by regulations.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/paypal-pursues-crypto-rewards-despite-regulatory-challenges/" data-wpel-link="internal">PayPal Pursues Crypto Rewards Despite Regulatory Challenges</a></h5>
<p>The post <a href="https://en.coin-turk.com/paypal-pursues-crypto-rewards-despite-regulatory-challenges/" data-wpel-link="internal">PayPal Pursues Crypto Rewards Despite Regulatory Challenges</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

PayPal Pursues Crypto Rewards Despite Regulatory Challenges

Table of Contents

COINTURK NEWS

Other articles published on Aug 22, 2024

Trump’s Odds Of Winning Rises To 53%, User Makes $15K Profit On ‘Yes’ Shares For Trump

Research Shows that Institutions In Seven Continents Use XRP

Ethereum’s Gas Fees Dive to Lowest Since Mid-2019 Amid Increased Layer 2 Transactions

Shiba Shootout Storms Past $1M In Presale – Don’t Miss Out On The Last Meme Coin Standing

How can you earn passive income from home? Learn All About GDMining

Bitunix Announces Major Security Upgrade: $5 Million Insurance Backed by UK-Based Security Partner

Join our free newsletter for daily crypto updates!