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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...
Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets
21.11.2020
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s...
Chinese Payments Giant UnionPay to Support Crypto Payments With New Virtual Card
4.11.2020
The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering
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’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles
24.10.2020
The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments...
Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin
21.10.2020
Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021. A report...
Trump Administration Said to Mull Putting Digital Payments Giant Ant Group on Trade Blacklist: Report
14.10.2020
The move comes as Ant, a global leader in digital payments, is readying to go public in what could be an offering worth up to a record $35 billion
Payments Giant Visa Acquires Fintech Firm Plaid for $5.3 Billion
14.1.2020
Payments giant Visa acquired fintech firm Plaid for $5.3 billion in an effort to expand its business model
Visa Inc. Dips Full-throttle into Crypto, Another Startup Launches a Crypto Debit Card
19.3.2019
Things are turning for the better in the crypto industry as traditional major companies are adopting blockchain technology one way or the other. Payments giant Visa Inc. has set up a cryptocurrency unit and is already looking for the right […]
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