PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, short-term U.S. treasuries and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars.
PayPal's Pay Later solution will be available in the U.S., U.K., Australia, Germany, France, Spain, and Italy. And customers in the U.S. will have the option to pay with Venmo in the Microsoft Store.
The selected businesses will each receive $10,000 for expenses, such as rent, or to help digitize and promote their businesses.
Tap to Pay enables small businesses to accept contactless payments (including cards and digital wallets) in-person, directly on their mobile devices with no additional hardware or upfront cost.
Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money.
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