The Block Crypto News20 minutes ago

Published on June 18, 2024 14:30 GMT+00:00edited on June 18, 2024 14:34 GMT+00:00

Transak has rolled out a fiat-to-crypto onramp for PayPal USD, as it aims to popularize digital asset payments. 

The Web3 payment infrastructure provider announced Tuesday that PYUSD can now be bought on its platform with fiat, using the SEPA transfer system or mobile payment apps such as Google and Apple Pay. The onramp’s rollout forms part of Transak’s efforts to court consumers who might want to experiment with crypto payments but aren’t comfortable using digital asset wallet software. 

"One of the core challenges for wider crypto adoption has been the difficulty of converting traditional currencies into crypto assets," Transak CEO Sami Start said Tuesday in a statement. "By listing PYUSD, we're providing a trusted on-ramp for traders, leveraging the familiarity and …