Receive payments from the U.S. in seconds with PayPal and MultiMoney
MultiMoney
Dise?amos productos financieros honestos para que más personas puedan alcanzar sus metas.
MultiMoney continues to innovate, the financial platform announces in alliance with PayPal a solution that allows Costa Ricans to make and receive transfers from the United States to Costa Rica in the fastest and most efficient way. The solution will be of great help to freelancers, suppliers in the tourism sector and entrepreneurs in general who currently receive payments through PayPal.?
"Now people can receive payments directly from PayPal to their MultiMoney wallet in Costa Rica. Using PayPal USD (PYUSD) they can transfer funds in real time and without commissions for a limited time," mentioned Gabriel Gonzalez Roesch, General Manager of MultiMoney Costa Rica.?
"MultiMoney is the first financial institution to offer this service in the Central American region, a sign of our commitment to innovation, seeking to provide the best financial solutions for our customers," added Florence Grassl, MultiMoney's Regional Product Manager.? With this alliance, MultiMoney seeks to provide access to Costa Ricans to increase their income, facilitating and expediting the payment of goods and services provided to customers in the United States.?
How does it work?
The sender only needs to have PayPal USD in their account and with your address, they will be able to send you money in seconds.
Once you have PayPal USD in your MultiMoney wallet, you can convert them to dollars or colones at no cost for a limited time by transferring them to your MultiMoney Smart account. In addition, with your MultiMoney Smart account, you can always make transfers at no additional cost to other IBAN accounts.
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What is PayPal USD?
PayPal USD is a type of virtual currency called "stablecoin". A stablecoin is a cryptocurrency designed to maintain its value stable in comparison to a reference currency, in this case, the US dollar (USD). This means that unlike other volatile cryptocurrencies, PayPal USD has a value that remains constant,1:1 against the US dollar (USD), making it a safe option for financial transactions.
MultiMoney is proud to offer this innovative solution for those who want a more efficient way to transfer their PayPal funds to their Costa Rican account.
What is MultiMoney Smart?
It is the best account for your savings because you receive the highest yield in the market, 7% in colones and 3.25% in dollars. You can start saving with any amount, access your money 24/7 without penalties and get the security your money deserves because Financiera MultiMoney is an entity supervised by Sugef.
About MultiMoney:
Financiera MultiMoney is a Costa Rican financial institution supervised by Sugef, they are leading the development of honest financial products that allow people to achieve their goals. Through its application it offers people Savings with the best rate in the market, access to revolving credit lines, as well as the ability to buy, sell and transfer crypto.
BDM @ Unlimit | Digital Assets, Web3 Industry
10 个月This article is very informative and insightful about the benefits of using PayPal USD (PYUSD), the new stablecoin issued by Paxos and supported by PayPal. PYUSD is a game-changer for payments, as it combines the stability and trust of the US dollar with the speed and efficiency of blockchain technology. PYUSD can enable fast, low-cost, and secure cross-border transactions, as well as access to web3 applications and digital assets. I am very interested in learning more about how PYUSD can help my business grow and reach new markets. I would love to connect with the person in charge of business development in Paxos dealing with PYUSD and explore the possibilities of integrating PYUSD into my payment solutions. Please let me know how I can reach out to them and start a conversation. Thank you for sharing this valuable information.
We're thrilled that MultiMoney is bringing real-time transfers to users in Costa Rica with PayPal USD!