Search
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
7.8.2023
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD...
Breaking: Paypal launches stablecoin for payment
7.8.2023
Payment processing giant PayPal started crypto payments in March 2021 and since then has been actively involved in the crypto payment sector
PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum
7.8.2023
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust
Lightspark CEO David Marcus States Building on Bitcoin’s Lightning Network Is ‘Incredibly Complex and Hard’
1.8.2023
David Marcus, CEO of Lightspark, a company that builds business-grade solutions to facilitate payments on top of the Lightning Network, shared his experience in developing on top of the Bitcoin scaling layer. Marcus stated that it is “incredibly complex and hard to build software around this...
Twitch Streamers’ Best And Weirdest Unban Requests
10.7.2023
To succeed as a Twitch streamer, you need to have a robust community that’s hyper-engaged with your content. Huge streamers like Pokimane, xQc, and Hasan Piker obtained millions of devoted followers by cultivating their streams to feel like a destination you’d want to visit and hang around in—hence...
Six Clovers Unveils Versal Network for Cross-Border Crypto Payments in Stablecoins and CBDCs
2.7.2023
On June 29, Six Clovers, a company founded by former PayPal business and technology leaders Jim Nguyen and Nas Kavian, introduced the Versal Network on Sui blockchain.
This decentralized global payments network aims to streamline cross-border transactions for businesses worldwide. By utilizing...
Money stored on mobile payment apps may not be FDIC insured, US watchdog warns
1.6.2023
Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not
Web3 developer Magic raises $52M in funding led by PayPal Ventures
31.5.2023
The company has raised $80 million for wallet development since its inception in 2020
PayPal Ventures Leads $52M Round for Crypto Firm Magic
31.5.2023
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel
MetaMask rolls out ETH purchases via PayPal to US users
11.5.2023
Users in the United States can also transfer ETH from PayPal to MetaMask. The companies first announced their collaboration in 2022
Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH
10.5.2023
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external...
PayPal's Crypto Holdings Approach $1 Billion, Primarily in Bitcoin and Ether
10.5.2023
PayPal has disclosed that it holds nearly $1 billion in cryptocurrencies on its balance sheet, mainly consisting of BTC and ETH.
In its latest quarterly financial performance report, the financial payments giant revealed that it holds $943 million worth of customer assets in bitcoin, ether...
Mastercard, PayPal, and Robinhood to Facilitate Crypto Adoption through Smoother On-ramps – Here's What You Need to Know
9.5.2023
Cryptocurrencies are soaring in popularity worldwide as the traditional financial system shifts to incorporate more efficient digital systems.
However, despite the growing interest in cryptocurrencies, it is still challenging for novices to deal with terms such as hashrate and gas fees....
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
9.5.2023
The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022
Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges
30.4.2023
After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto...
Venmo will enable fiat-to-crypto payments in May
28.4.2023
Users of the mobile payment service will also be able to receive crypto through a QR code or external crypto address
PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets
28.4.2023
The feature will become available in May, PayPal's Jose Fernandez da Ponte said on a panel at Consensus
PayPal and the credit card industry are taking advantage of consumers
4.4.2023
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees
Today in Crypto: Galaxy and PayPal Invest in Chaos Labs, Tezos Partners with Google Cloud, BitPay and ZenLedger Join Hands, The Sandbox Collaborates with Ubisoft, Opera Releases Alteon LaunchPad
22.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Galaxy and PayPal Invest in Chaos Labs, Tezos Partners with Google Cloud, BitPay and ZenLedger Join Hands...
PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs
22.2.2023
Chaos Labs protects crypto protocols against external exploits and risks with an automated risk management platform