- PicPay is Ready for the expansion of its services.
- PicPay is to launch its Real-Tied Stablecoin soon.
- PicPay is one of the Biggest Digital payment apps in Brazil.
PicPay is a digital payment platform established in 2012 as a digital wallet. The company is headquartered in Brazil and was founded by Anderson Chamon.
PicPay is ready to launch its upgraded services in the crypto market, including the trading of Ether, Bitcoin, Paxos’ and USDP Stablecoins.
PicPay Real-Tied Stablecoin, likely to be launched in the market in the upcoming weeks, will offer the feature of sending, receiving, and storing the assets in the wallet.
Anderson Chamon mentioned in his statement that PicPay is also planning to launch its stablecoins, offering services similar to other Stablecoins in the market. He further stated, ” He and his teammates believe that cryptocurrencies will recover in a new way and will expand it’s use cases in upcoming times.”
During this downtrend in the crypto market, PicPay and its officials still believe that there will be positive growth in the market and that crypto will rise in the upcoming months.
According to current data, PicPay is one of the biggest digital payment platforms in Brazil, with a user base of more than 65 million users and more than 30 million active users on the platform.
According to reports, PicPay had 20 million users by May 2020 but reached the milestone of crossing 60 million users in the first quarter of 2022. The company believes in gaining more users after expanding services on the platform.
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Conclusion
Crypto winters are troubling many market firms and also affecting services. And many firms got shut down in the last few months, and many others have met bankruptcy. PicPay still believes that the crypto market is likely to rise and improve in the upcoming months. PicPay is ready to expand its services in the crypto market by adding Bitcoin, ether, Paxos’, and USDP stablecoins and will be launching its own Real-Tied Stablecoin. It is believed that PicPay will expand and gain a more user base by 2022.
Source: https://www.thecoinrepublic.com/2022/07/12/picpay-fintech-ready-to-launch-its-stablecoins-and-expansion-in-crypto-exchange/