PayPal moves $1 billion between its own subsidiaries in hours using PYUSD
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PayPal claims that a pilot with its PYUSD stablecoin allowed more than $1 billion to be settled between subsidiaries in hours, compared to processes that normally took days. The test covered three continents and is part of a cash upgrade that maintains traditional banking channels.
PayPal states that its transfers in stablecoin can move $1 billion in intercompany dividend payments in two hours, against the normally required days. The treasury pilot used PYUSD to transfer funds between the US and international branches of the group, on three continents. Key points PayPal regulated the transfers [...]
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Cryptocurrency News | Cryptocurrency Prices | Market CapPayPal moves $1 billion between its own subsidiaries in hours using PYUSD
PayPal's rapid intercompany transfers via stablecoins could revolutionize corporate treasury operations, enhancing efficiency and liquidity management.
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