Introducing PayPal USD – brand new cryptocurrency for payments

Investors always search for stable, reliable assets to expand their wallets. Trustworthy companies, which have been building their reputation for many years, are following this trend and creating their own payment method. PayPal USD is right now available on the SimpleFX Platform.

But before you start trading – check out why you should pay attention to PYUSD!

What is PayPal Inc.?

PayPal is a service that enables paying, sending, and receiving money as efficiently as possible. It is used by millions worldwide in more than 200 countries. PayPal has access to 21 different currencies.

Most people consider PayPal a secure, flexible, and convenient financial tool. Connect your credit or debit card to the mobile app to start a new experience.

Trade PayPal

On behalf of that knowledge, PayPal has recently introduced its new cryptocurrency – PayPal USD.

What is PayPal USD?

PayPal USD (PYUSD) is a brand-new cryptocurrency. This stablecoin gives you a solid foundation thanks to secure and highly liquid assets.

As the name speaks for itself, PayPal USD is backed by the American dollar and designed always to be worth $1. The strong connection between PYUSD and other American assets will not surprise investors with a sudden rise or plunge.

Create PYUSD account

PayPal USD – payments, deposits, and many more!

Here are some ideas on how you can use PayPal USD daily:

Payment method

Numerous online stores worldwide accept PayPal USD as a payment method.

Expanding wallet

PayPal USD is regarded as a perfect connection between traditional trading assets and cryptocurrencies and Web3 applications. Stablecoins are widely regarded as a safe addition to investors’ electronic wallets and trading plans.

Accessibility

Stablecoins – including PYUSD – are open 24 hours a day, seven days a week. Investors don’t have to wait for an opening of a session.

Why should you use PYUSD?

Stability

PYUSD is a stablecoin strongly connected to American assets. We’re not talking only about the dollar, but also US treasuries and cash equivalents. It protects PayPal USD from strong fluctuations, common in some cryptocurrency markets, such as Bitcoin or Ethereum. According to the company itself, PYUSD is redeemable 1:1 for dollars.

Security

Although PYUSD differs from the Ether in many ways, both currencies share a similar technology. It uses Ethereum blockchain technology. It gives the investors the feeling of security and confidence that these assets will be safe and sound.

Flexibility

PayPal is a worldwide financial app. The company is fully aware that its range obliges it to give multiple ways of payment. That’s why you can easily pay PYUSD in millions of online stores across the world.

How to deposit PayPal USD in SimpleFX?

Deposit PayPal USD in SimpleFX is possible for experienced traders and beginners. How to do it on our platform?

WEBTRADER

Open our Webtrader and find the “manage accounts” category.

Click “add accounts”, choose live account and PYUSD, and then “create account”.

Click “Yes, make a deposit” and choose any method you like, then click “deposit”.

You are ready to go! Remember that the minimum deposit is only 0.01 PYUSD.

MOBILE APP

Open our APP and find the “accounts” category.

Click “add live account”, choose PYUSD and then “confirm”.

Click “add funds” and choose any method you like to make a deposit.

You are ready to go! Remember that the minimum deposit is only 0.01 PYUSD.

After registering on our platform, you can access an effective leverage of 1000x and a minimum investment value of $5.

Create PYUSD account

The waiting is over – PYUSD is available on the SimpleFX platform!