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E-Commerce Giant Ebay Looking at Accepting Cryptocurrency for 187 Million Buyers, CEO Reveals
3.5.2021
Ebay is looking at cryptocurrency as a payment option for its 187 million buyers on the platform, the company’s CEO has revealed. The e-commerce giant is also exploring opportunities in the non-fungible token (NFT) business. Ebay Looking Into Adding Cryptocurrency as Payment Option Ebay...
PayPal crypto partner Paxos raises $300M
29.4.2021
The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group
Paypal CEO Says Demand for Cryptocurrencies Is ‘Multiple-Fold’ of Initial Expectations
28.4.2021
The CEO of payments giant Paypal, Dan Schulman, has revealed that the demand for cryptocurrencies has been “multiple-fold” of his company’s initial expectations. Paypal’s Venmo recently began rolling out cryptocurrency features to enable Venmo users to buy, sell and hold...
Paypal’s Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies
20.4.2021
Venmo has announced the rollout of its “crypto on Venmo” service, allowing over 70 million users to buy, sell, and hold four types of cryptocurrencies, including bitcoin, using the popular Venmo app. Venmo’s new crypto service further shows Paypal’s commitment to the crypto...
PayPal Crypto, Goldman Sachs Vehicle, BTC Bugatti and 20 Crypto Jokes
3.4.2021
What a week! (Well, another one.) PayPal will launch a service that would allow its customers to pay with BTC, ETH, LTC, and BCH, Visa partnered with Crypto.com to settle transactions in USDC on Ethereum, Goldman Sachs might offer its first investment vehicles for BTC and other unspecified digital...
Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch
30.3.2021
Payments giant Paypal has launched the “Checkout With Crypto” service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or...
Paypal Acquiring Crypto Security Firm Curv to Expand Digital Asset Initiatives
8.3.2021
Payments giant Paypal has announced that it is acquiring Tel Aviv-based crypto security infrastructure provider Curv. According to Paypal, this acquisition will help the company “expand its initiatives to support cryptocurrencies and digital assets.” The deal is reportedly worth less...
Personal Finance Expert Suze Orman Says ‘I Love Bitcoin’ — Advises How to Buy BTC, Praises Paypal
7.3.2021
American financial advisor Suze Orman says she loves bitcoin. She has provided some advice on how to invest in the cryptocurrency a month, noting that she prefers to buy bitcoin through Paypal’s crypto service because the payments giant has made it easy to do so. Suze Orman Loves Bitcoin Suze...
Paypal to Expand Its Crypto Services Offering to the UK
15.2.2021
Paypal’s cryptocurrency services are coming to the United Kingdom, as the digital payments giant is now targeting non-U.S. countries. Buy, sell and hold digital asset products could be available for Paypal’s U.K. customers in “a number of months.” Results With the Paypal...
Paypal Launches Business Unit Dedicated To Cryptocurrency
6.2.2021
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money...
What We Learned About PayPal’s Crypto Strategy This Week
4.2.2021
Insights from PayPal’s first quarterly earnings report since launching crypto services
Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst
17.1.2021
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due...
PayPal crypto partner Paxos closes $142M funding round
17.12.2020
The stablecoin issuer is pursuing ambitious plans in the expanding crypto space
Paypal’s Stock Soars to All Time High as Demand for BTC on the Platform Now More Than Supply of New Coins
15.12.2020
E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%. Paypal’s Turnaround The stock’s...
Reddit Users Fume at Details of PayPal Crypto ‘Lockout’ Case
26.11.2020
A Reddit user has claimed they have been “permanently banned” from the PayPal platform “due to cryptocurrency buy/sells being treated as ‘item sales.’”
Per a thread created by the Redditor, the PayPal customer claimed that they wanted others to be aware of what they called an “ignorance-fueled...
PayPal Rolls Out Crypto for All US Customers
13.11.2020
Crypto Twitter reacts to the announcement and answers the question: Just how big a deal is this?
Paypal Opens Crypto Services to Millions of Eligible Account Holders in the US
12.11.2020
Payment processing giant Paypal announced on Thursday that “all eligible Paypal account holders in the U.S. can now buy, hold, and sell cryptocurrency directly with Paypal.” The news follows the company’s announcement to support crypto assets at the end of October. Paypal’s...
Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout
3.11.2020
Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO...
PayPal crypto services to go global early 2021, support for CBDCs coming
3.11.2020
PayPal is planning to launch crypto services for users of its platform globally, along with the Venmo app, and the company will explore central bank digital currencies
PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers
26.10.2020
PayPal opening its network to cryptocurrencies could create a serious tax headache for users