PayPal Ventures Uses PYUSD Stablecoin for $5 Million Investment in Crypto-Based Financial Transactions Startup Mesh
PayPal Ventures has invested $5 million in Mesh, a digital assets startup, using its PYUSD stablecoin. Mesh enables secure crypto-based financial transactions and serves as a way to move funds between crypto exchanges, wallets, and financial apps that support crypto. The advantage of the service is that it doesn't require users to cut and paste a long string of characters, which is a poor security practice. In addition to the stablecoin investment, PayPal Ventures also added $1.5 million in cash.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP rises over 20%, spurred by favorable regulatory environment, ETF filing
The price of Ripple’s XRP token has rocketed up over 20% in the past 24 hours, likely buoyed by hopes of a favorable regulatory environment and the resolution of its long-running legal battle with the SEC.21Shares recently filed for an XRP ETF, hoping to bring a fund to market in the likeness of its spot Bitcoin and Ethereum ETFs.
Miner Greenidge Generation Wins Court Case and Will Continue Operations
Dogecoin Investors Drop Class Action Lawsuit Against Elon Musk
Bitcoin Depot Crypto ATM Operator's Revenue Drops 25%
Trending news
MoreCrypto prices
More
