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PayPal is looking towards the future, despite its falling stock and looming layoffs. In its first-quarter earnings call, CEO Enrique Lores told investors that PayPal needs to “recommit to the fundamentals,” which included “becoming a technology company again.” There was no need to read between the lines — PayPal was pitching an AI-powered turnaround. Lores…
PayPal may not be pursuing an acquisition, Semafor reported, citing people familiar with the matter. Earlier this week, Bloomberg reported that Stripe expressed interest in buying some or all of PayPal Holdings, which includes the flagship product PayPal and its services, as well as other companies like Venmo. Stripe declined to comment on the news. …
Xflow, an Indian fintech startup, has secured backing from both Stripe and PayPal Ventures in a $16.6 million funding round. The investment comes as the company works to carve out a position in cross-border B2B payments, a market still dominated by banks and manual processes. The Series A round was led by General Catalyst, with…
When Nigel Morris tells you he’s worried about the economy, you listen. As industry observers know, Morris co-founded Capital One and pioneered lending to subprime borrowers, building an empire on understanding exactly how much financial stress the average American can handle. Now, as an early investor in Klarna and other buy-now-pay-later companies like Aplazo in…
Paypal said on Tuesday that it is adopting a protocol in combination with OpenAI’s “Instant Checkout” feature to let users pay for their shopping directly within ChatGPT, starting in 2026. Paypal is adopting the Agentic Commerce Protocol (ACP), an open-source specification developed by OpenAI that lets merchants make their products available within AI apps, consequently…
Stable, a Bitfinex-backed blockchain linked to Tether, announced PayPal Ventures’ support to bring the PayPal USD stablecoin onto its network. Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal. PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD)…
PayPal is adding support for a permissionless version of its PYUSD stablecoin on Tron, Avalanche and several other blockchains via LayerZero and its Stargate Hydra bridge. Payments giant PayPal is expanding its PayPal USD stablecoin across eight new blockchains, seven of which are through an integration with LayerZero’s Stargate Hydra bridge. The integration will create…
PayPal is rolling out a new crypto payment tool that will allow US merchants to receive payments with more than 100 cryptocurrencies. Payments platform PayPal is set to roll out a new feature for US merchants to accept payments with over 100 cryptocurrencies, targeting overseas transactions and more utility of its own stablecoin. According to…
PayPal announced Wednesday it has partnered with global wallet companies to create a platform called PayPal World that is designed to make cross-border commerce easier. The platform will allow users to pay others using their local wallets and payment systems. The company said the launch partners include India’s NPCI International Payments Limited, which operates mobile…
In 2023, defense tech recruiter Peterson Conway VIII pulled up to the offices of nuclear fusion startup Fuse in a black Suburban, donning his signature cowboy hat. He picked up a recent Fuse hire and proceeded to regale her with stories of his old recruiting days. One story involved prostitutes attending a recruiting event (“not…