An important feature has been developed for the stable coin “PayPal USD (PYUSD)”, which Paypal launched last year. This new feature is called “Secret Transfers”.
One of the world’s most popular online payment tools PayPalmade a radical decision last year and launched the stable coin named “PayPal USD (PYUSD)”. had launched. The team is now concerned about this crypto asset an important innovation announced.
In the statement made by PayPal, for PYUSD “Secret TransfersIt has been announced that a new feature called ” has been created. The new feature will allow the transaction amounts to be hidden. This type of work has been done by Bitcoin developers for years, but it has not been possible. that they could not implement let’s say.
The crypto ecosystem welcomed this development positively
Crypto analysts who made statements on the subject said that an important development They underline that. Because it was stated that a significant advantage will be offered to investors with the work done for PYUSD. In addition, this kind of development is important for the cryptocurrency world. of the game that you will change the rules There are also believers. Let’s see if Secret Transfers can have the expected impact on the ecosystem…
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What we can transfer with the new feature of PayPal USD that’s all for now. We will inform you again if there are any new developments regarding the issue.
Source :
https://cointelegraph.com/news/paypal-pyusd-stablecoin-confidential-transfers-solana