PayPal Updates Policy to Exclude NFT Purchases from Buyer Protection
From May 20th on, PayPal will end its buyer protection plan for NFTs just proving that it has internalized the level of maturity of the NFT market and the blockchain industry. This will equally affect NFT sales that are highly priced starting with those worth over $10,000 and hence they become susceptible to false claims […]
PayPal Advances in Crypto with PYUSD Stablecoin for Zero-Fee International Transfers
PayPal, which is based in California, the well-known Silicon Valley, is going to aim at widening its PYUSD crypto application among its US customers. As a result, it will become possible to use this currency for cross-border money transfers, as well. Now through Paypal, individuals will can pay through Xoom since this service will be […]
Flutterwave expands executive team, welcoming talent from Cash App, PayPal, and Binance.US
Flutterwave, a leading African fintech company, has appointed six new executives. These individuals, recruited from prominent financial firms such as Binance.US, Cash App, PayPal, and Western Union, bring a wealth of experience. This announcement follows the departure of three senior finance executives in November. CEO Gbenga Agboola emphasized the value of these appointments in driving […]
SEC’s investigation on PayPal tells investors of the future of crypto in the US
Following PayPal’s stablecoin launch in August 2023, the initial market reaction was seemingly muted as compared to other stablecoin data. Tether has remained at the top as the largest stablecoin regardless of recurring questions on the transparency of operations. Circle remains a preserved stablecoin despite questionable asset management tactics employed through Silicon Valley Bank. It […]
PayPal’s promise to trim down eases crypto nerves
In a strategic pivot that could be described as both timely and prescient, PayPal has signaled its intent to become more “leaner,” a move that has resonated positively with the market, propelling a near 7% surge in its share price to $55.12. This boost to the digital payment behemoth’s market value, which soared by almost […]
Revolut, PayPal lead call for extended MiCA grace
Crypto firms are pushing for more time to adjust to Europe’s upcoming Crypto Asset Markets Regulation (MiCA). Major players in the fintech space, including Revolut and PayPal, are advocating for the longest possible transition period. This plea is directed at European institutions, emphasizing the need for 18 months. The new rules, set to standardize licensing […]
PayPal’s PYUSD stablecoin debuts on Venmo, expands crypto reach
In a significant move, PayPal’s stablecoin, PYUSD, debuted on Venmo. Initially, a select group of users will have access to this feature. However, it will be available to the broader public in the coming weeks. This development allows Venmo users to purchase PYUSD using their balance. Moreover, they can transfer it to anyone with a […]
JPMorgan challenges Paypal, Square with new venture
It’s no secret: the digital realm has become the battleground for financial giants. As fintech companies continue to revolutionize the sector, traditional banks are forced to adapt, evolve, or risk becoming obsolete. Enter JPMorgan, not merely as a spectator but a fierce contender, with its latest venture aimed squarely at the heart of the fintech […]
PayPal expands crypto support with MetaMask integration
PayPal has bolstered its support for cryptocurrencies, including Bitcoin (BTC). Effective September 11th, the global payment giant has rolled out on- and off-ramps for Web3 payments, ushering in a wave of possibilities for American customers. This latest enhancement empowers users to seamlessly convert their cryptocurrency holdings into fiat currency, depositing the funds directly into their […]
BTC to bring global payments out of the ‘fax era’ – PayPal’s David Marcus
Is BTC the final financial solution? In the 21st century, technology has radically transformed the way we interact with the world. From the internet to smartphones, the leaps we’ve made are incredible, and yet, when it comes to the global financial system, we’re still operating in what PayPal’s David Marcus calls the “fax era.” BTC […]
Colorado Division of Motor Vehicles (DMV) partners with PayPal to accept crypto as a form of payment
The Colorado Division of Motor Vehicles (DMV) has started accepting cryptocurrency as a form of payment for its online services. This initiative makes the DMV the first government agency in the state to embrace digital assets for financial transactions. PayPal crypto enables payments for driver’s licenses and vehicle registrations To facilitate this new payment option, […]
PayPal and Coinbase team up for seamless crypto transactions in Europe
Coinbase, a leading crypto exchange, has partnered with PayPal, the global online payment giant. This partnership aims to simplify the process for crypto enthusiasts in Germany and the UK, making it as straightforward as any other online purchase. Coinbase has always championed buying cryptocurrency should be as hassle-free as any other purchase. However, traditional banking […]
PayPal’s stablecoin sees little adoption so far
When an industry giant like PayPal dives into the crypto market’s stablecoin realm, the expectation is that it would, in no time, sail to the top. It’s not just wishful thinking; it’s an anticipation built on the reputation of the company. But to the surprise of many, PayPal’s much-vaunted stablecoin, Paxos-issued PYUSD, is failing to […]
Why PayPal’s stablecoin is about to become a big deal
When PayPal recently unveiled its newest crypto brainchild, PayPal USD, the financial world took a collective breath. While memories of Facebook’s ill-fated Libra still hang heavy in the air, there’s something distinctly different this time. This isn’t just another stablecoin announcement. This is a seismic shift, and here’s why. PayPal’s Leg-up Over Past Failures Facebook’s […]
PayPal’s PYUSD stablecoin debuts on Kraken, set to Trade from August 21
PayPal’s US dollar stablecoin, PYUSD, has officially debuted on the Kraken platform. Consequently, users can now make deposits and withdrawals using PYUSD, as outlined in the announcement. Significantly, the stablecoin will be available for trade on Kraken starting August 21. The addition of PYUSD trading on Kraken marks a major milestone in the cryptocurrency world. […]
Crypto.com to list PayPal USD
PayPal payment company made waves by becoming the first major player in fintech to introduce the PYUSD stablecoin. As a result of the buzz surrounding it, many crypto exchanges are adding the stablecoin to their platform. The latest on the list is Crypto.com. The platform has decided to be part of the early listing of […]
PayPal’s stock prices drop by 3% after new CEO announcement
Following the unveiling of PayPal’s forthcoming CEO, the payment behemoth recorded a downturn in its stock prices. Just after the revelation, the stock valuation decreased by 3%, positioning it just shy of the $60 benchmark. The looming exit of Dan Schulman, steering the company for nearly a decade, is believed to be the trigger behind […]
PayPal halts UK cryptocurrency purchases in response to new regulations
PayPal, the global online payments giant, has announced a temporary suspension of cryptocurrency sales in the United Kingdom. The decision comes in response to new regulations introduced by the Financial Conduct Authority (FCA). These regulations mandate a 24-hour cooling-off period and require “clear risk warnings” to be provided to users before they can invest in […]
PayPal launches a cryptocurrencies hub feature
In the ever-evolving world of cryptocurrencies, a titan emerges with yet another bold move. PayPal, known for its disruptive and innovative strategies, reveals its latest card in the game – the “Cryptocurrencies Hub.” Now, if you’ve been keeping an eye on the digital wallet giant’s movements, you’d know that their dive into the crypto world […]
Bank of America highlights challenges for PayPal’s stablecoin
Bank of America recently voiced concerns over the long-term adoption of PayPal’s newly introduced stablecoin. With a complex web of competitive pressures and potential regulatory barriers, the journey for PayPal’s ambitious venture may not be smooth sailing. Competition Rears Its Head PayPal, known globally for its payment services, unveiled its proprietary stablecoin, named PYUSD. While […]
The Bank of America does not see a future for PayPal’s stablecoin
The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) is expected to improve payment efficiencies and the customer experience, but adoption of the crypto is unlikely to be significant in the near future, Bank of America (BAC) said in a Thursday research report. Bank of America is not rooting for PayPal’s stablecoin PayPal, as previously […]
PayPal’s dive into stablecoins isn’t what it seems
It’s not every day that a tech giant decides to dip its toes entirely into the murky waters of cryptocurrency. But this is precisely what PayPal has chosen to do. Their recent foray into stablecoins with the PayPal USD isn’t the triumphant entrance they’d want you to believe. Why? Let’s dissect this bold yet baffling […]
PayPal stablecoin launch births wave of fake copycats
In the wake of PayPal’s recent unveiling of its PYUSD stablecoin, the cryptocurrency space has witnessed a flurry of opportunistic ventures, speculative traders, and potential scams attempting to ride the coattails of the new digital currency. According to data sourced from DEX Screener, a decentralized exchange scanner, a surge of approximately 30 new token pairs […]
Is PayPal’s PYUSD the future of crypto or a threat to decentralization?
PayPal recently concluded a two-year exploratory period, culminating in the launch of its newly established stablecoin, PayPal USD (PYUSD), on August 7, issued by Paxos Trust Co. Tailored for digital transactions and Web3 applications, PYUSD functions on the Ethereum platform and is poised to make significant impacts on Ethereum’s mainstream acceptance. The stablecoin’s functionalities, such […]
PayPal has launched its very own stablecoin – Details
Entering the digital currency whirlwind, PayPal has taken the bold leap and announced its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD). Aimed at revolutionizing the payments realm, the unveiling of PYUSD indicates willingness to engage further with the nascent crypto technology. Yet, the long-term success of this venture remains to be seen. PayPal’s blockchain gambit Undoubtedly, […]
PayPal faces investor concern over Q2 margins; executives express optimism for year-end growth
PayPal Holdings is facing increased scrutiny from investors as shares fell 7% in extended trading on Wednesday, driven by disappointment in the company’s quarterly operating margin. Even though PayPal executives have forecasted improvements towards the end of the year, the uncertainty surrounding the company’s financial performance is sparking concern. PayPal’s margins underwhelm investors PayPal’s adjusted […]
MetaMask partners with PayPal – Here’s all you need to know about buying ETH
MetaMask, a crypto wallet, has begun offering Ether (ETH) transactions via PayPal to users in the United States, one of the wallet’s biggest markets. The startup claims to be the first Web3 wallet to accept ETH payments through PayPal. As a result of the partnership, American users can now use PayPal to purchase ETH through […]
PayPal reveals almost $1 billion in crypto holdings amid growing adoption
PayPal has repored approximately $1 billion in cryptocurrency holdings, according to its recent quarterly earnings report submitted to the U.S. Securities and Exchange Commission (SEC). These holdings consist of $499 million in Bitcoin (BTC), $362 million in Ethereum (ETH), and $82 million in Bitcoin Cash (BCH) and Litecoin (LTC), showing over 30% growth since Q4 […]
Venmo to introduce fiat-to-crypto payments in May
Beginning in May, Venmo users will be able to purchase and send cryptocurrencies to other users and external wallets, according to an announcement by PayPal executive Jose Fernandez da Ponte. However, the new feature is expected to provide a practical use case for digital assets and improve the user experience for Venmo customers. Connecting wallets […]
Metamask introduces game-changing feature for buying crypto with fiat currency
Cryptocurrency wallet and decentralized application (Dapp) provider MetaMask has launched a new feature that enables users to purchase cryptocurrency with fiat currency directly from its Portfolio Dapp. However, the move aims to simplify the process of buying crypto with fiat currency. MetaMask’s “Buy Crypto” feature MetaMask’s “Buy Crypto” feature allows users to purchase over 90 […]
PayPal halts stablecoin development amid crypto crackdown
PayPal has reportedly halted the development of its stablecoin in response to the current assault on the crypto industry by US officials. The stablecoin was created in collaboration with Paxos Trust Company, a blockchain firm under investigation by the New York Department of Financial Services. PayPal feels the crypto heat Bloomberg reported that PayPal intended […]
Luxembourg expands PayPal operations to cryptocurrencies
PayPal expanding cryptocurrencies operations to Luxembourg is the best news for the crypto industry in these darkest days. This year has been one of the darkest in the crypto world, and many suspect the future of cryptocurrencies and their operation. This news may add a new breath to the crypto world. Luxembourg is one of […]
PayPal and Western Union file for crypto services trademarks
PayPal and Western Union have each submitted three new trademark applications for a diverse array of crypto services. Additionally, PayPal’s applications are for the payments titan’s logo. After witnessing the success of cryptocurrencies, established financial heavyweights have embraced this innovative technology. A trademark is a word, name, symbol, design, or phrase used to identify and […]
Paypal joins other crypto powerhouses on the TRUST network
PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network, joining a number of other well-known crypto companies that have taken action to adhere to the laws governing the movement of digital assets. A group of 18 U.S. virtual asset service providers (VASPs) started TRUST in February, with major players including Coinbase, Paxos, Circle, […]
Paypal set to close its San Francisco office
TL; DR Breakdown PayPal will close its office in San Francisco The firm prefers workers to work remote More firms continue to abandon San Francisco One of the biggest payments companies in the US, PayPal, has announced that it will be shutting the doors of its San Francisco office. However, the report from available sources […]
