CiNKO, the global digital payments wallet, announces the addition of PayPal USD (PYUSD), the only stablecoin backed within the PayPal network, now available to all its users.

Starting today, CiNKO users can store, send, receive and manage PayPal USD funds directly from their digital wallet, enabling fast, secure and low-cost cross-border remittances from the United States to Latin America and the Caribbean. According to World Bank estimates, this market will be worth close to US$150 billion by 2022.

With this direct integration, CiNKO expands the options for its users, offering more convenience, flexibility and access both inside and outside the CiNKO ecosystem.

"We are delighted to offer our users this seamless connection with PayPal USD. This integration aligns with CiNKO's commitment to providing a comprehensive financial ecosystem, allowing our users to manage their funds and execute transactions with ease," says Richard Douglas, Co-Founder and CEO of CiNKO.

PayPal USD is designed to contribute to the opportunity that stablecoins offer for payments and is redeemable 1:1 for US dollars. Leveraging PayPal's decades of experience in payments at scale, combined with the speed, cost and programmability of blockchain protocols, PayPal USD is designed to reduce the friction of payments in virtual environments, facilitate fast transfers of value to support friends and family, send remittances or make international payments.

With the integration of PayPal USD, CiNKO strengthens its users' confidence in cross-border payments and fund distributions, combining both traditional payment networks and stablecoins. This upgrade makes digital payments more convenient, faster and easier to use, driving the adoption of digital financial services across the region.