Paypal just launched its Stablecoin - $๐๐๐๐๐
Why is this HUGE for Defi!?
What are the Implications?
๐งต๐ ๐๐ก๐ซ๐๐๐ ๐จ๐ง ๐๐๐ฒ๐ฉ๐๐ฅ ๐๐๐ฅ๐ฎ๐ ๐๐ซ๐จ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
Paypal is known to be the Most Vertically-Integrated Fintech Player in Digital Wallet Space
Paypal offers myriads of Financial Services & Money Management tools to both Consumers & Merchants globally
There are currently ~430 million Paypal Accounts Worldwide
1/1
On Consumers side, Paypal has a Fintech Super App that Simplifies Consumer Experience, Consolidating Essential Services into One App
โข Digital Wallet
โข Buy Now Pay Later (BNPL)
โข Paypal Checkout
โข P2P Transfer
โข Consumer Loans
โข High Interest Savings
โข And More
2/2
For Merchants, Paypal serves as the Omnichannel End-to-End Payment Solutions & PoS Solution
Merchants (both Online & Offline) can quickly integrate Paypal solutions that provide Ease of Use to Customers. Thereby increasing Conversion & Reduce Cart Abandonment for Merchants
3/3
Paypal also offers financial services to SMEs, offering Business Loans & Working Capital Financing, Buy-Now-Pay-Later services alongside many other services
Bottom line is Paypal serves as a Life Blood of Millions of Businesses & Users Globally
4/4
Since the announcement of Buy, Sell, Transfer with Paypal in 2020 and Payment with Crypto in 2021, Paypal is holding more than ~$600m in Crypto Assets for Users.
The Introduction of Stablecoin by Paypal, $PYUSD could serve as a Major Step that Bridges TradFi with Defi
5/5
Imagine a future where YOU
โข Borrow $PYUSD from AAVE and Seamlessly use it to Pay for your Daughter's Tuition
โข Lend $PYUSD to SMEs for Working Capital Financing
โข Earn TradFi Risk-free Rates by Staking $PYUSD
The Opportunities are Endless!
6/6
The future that was outlined is likely to be much further away BUT I believe $PYUSD could provide traditional businesses access to Defi,
Creating Much More ๐๐๐ฅ๐ฎ๐-๐๐๐๐ซ๐ฎ๐๐ฅ ๐๐ญ๐ซ๐๐๐ฆ๐ฌ ๐๐จ๐ซ ๐๐จ๐ญ๐ก ๐๐๐๐ข & ๐๐ซ๐๐๐
๐ข
7/7