According to Fortune, YouTube has launched a new feature for American creators to receive stablecoin payments via PayPal. PayPal's cryptocurrency head May Zabaneh confirmed that creators can now choose to receive their platform revenue shares in PayPal stablecoin PYUSD, a feature currently only available to US users. YouTube has previously been a PayPal payment service customer, using it to pay gig workers and contractors for large enterprises. In early Q3, PayPal added the ability for payment recipients to receive funds in PYUSD, after which YouTube decided to offer this option to creators.
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According to Fortune, YouTube has launched a new feature for American creators to receive stablecoin payments via PayPal. PayPal's cryptocurrency head May Zabaneh confirmed that creators can now choose to receive their platform revenue shares in PayPal stablecoin PYUSD, a feature currently only available to US users. YouTube has previously been a PayPal payment service customer, using it to pay gig workers and contractors for large enterprises. In early Q3, PayPal added the ability for payment recipients to receive funds in PYUSD, after which YouTube decided to offer this option to creators.