Brazilian-based popular payment application Picpay has started to offer crypto payment services to more than 30 million customers.
30 million active users picpayannounced at the beginning of July that they were planning to integrate cryptocurrencies into their mobile applications. With an update that came in the past days, the crypto money integration on the application has been completed and the new version has been updated. introduced to the market announced. In the first stage, only through the Picpay application bitcoin, Ethereum and Paxos‘s own stablecoin USDP will be possible to deal with.
Users specified through the application able to buy and sell cryptocurrencies and an application crypto custodian as they can be used. Picpay application, which allows the trade and use of 3 different cryptocurrencies, will be launched in the coming period. Over 100 different cryptocurrencies plans to include it in their systems. Trading and integration processes on the application based in New York a blockchain service platform Paxos known to be provided by
Head of cryptocurrencies division of Picpay company Bruno Gregorymade the following statements about the importance of this new development:
Our goal is to lead the growth of the crypto market, remove complexities and provide ease of use, and expand knowledge of the technology so that everyone can benefit from this asset class and its innovative features.
A Brazilian Stablecoin Study
Picpay aims to go beyond just entering the Brazilian crypto market by offering crypto services to the average Brazilian. The company is working on a service that will allow crypto users to pay directly in crypto without having to exchange these assets for fiat. On the basis of these plans A Brazilian stablecoin It is the work of removing it and integrating it with their systems.
Picpay’s vice president of product and technology Anderson Chamon According to statements made by this stablecoin integration, global customers and tourists visiting the country this stablecoin from any cryptocurrency exchange They will be able to receive and pay directly to Picpay collaborative merchants who accept the stablecoin.