Key Takeaways
- YouTube now allows US creators to receive payouts in PayPal’s stablecoin PYUSD.
- PayPal’s stablecoin integration expands options for digital payments without requiring platforms to handle crypto directly.
YouTube has begun allowing creators in the US to choose PayPal’s flagship stablecoin, PYUSD, for their payout option, Fortune reported Thursday.
The integration, confirmed by PayPal’s head of crypto, May Zabaneh, simplifies transactions without YouTube directly handling crypto. The feature uses PayPal’s existing payout services, which were already employed by YouTube for paying gig workers and contractors.
PayPal, a pioneer in integrating crypto within tech platforms, launched its stablecoin PYUSD in 2023, aiming to enhance financial transactions across its products, including Venmo.
This is a developing story. Please come back for further updates.
Source: https://cryptobriefing.com/stablecoin-payouts-youtube-paypal/
