PayPal, one of the leading online payment platforms, has taken a new step to solidify its position in the cryptocurrency sector. The company’s stablecoin launched last year, PayPal USD (PYUSD), has now gained a new feature. This feature, named ‘Hidden Transfers‘, aims to offer more privacy by hiding transaction amounts. Cryptocurrency analysts say this innovation has made a significant impact in the sector.
Changing the Rules of the Game in the Cryptocurrency World
Especially since Bitcoin developers have been working on a similar feature for many years without success, PayPal’s achievement makes it even more significant. Analysts say that PYUSD’s new feature could change the rules of the game in the cryptocurrency world by providing a privacy advantage. The impact of the Hidden Transfers feature on the ecosystem is eagerly awaited. PayPal has stated that it will announce more updates and innovations related to PYUSD in the coming periods.
