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“# Stripe builds new crypto team for payments three years after dropping Bitcoin ” U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin support due its slow transaction…
“# PayPal releases new consumer app for crypto, savings and direct deposits ” PayPal has announced the release of a new app billed to be a one-stop-shop for all of the digital payment needs of the company’s customers. As previously reported by Cointelegraph, PayPal CEO Dan Schulman stated back in July that the company’s super…
“# PayPal completes crypto trading rollout for UK customers ” PayPal officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts. Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will…
“# PayPal reportedly looks to take on Robinhood with stock trading ” American payments giant PayPal is reportedly exploring ways to offer stock trading after launching cryptocurrency trading services last year. PayPal is looking to buy or partner with a broker-dealer to introduce its own stock trading service to compete with rivals such as crypto-friendly…
“# PayPal launches crypto services for UK customers ” Beginning this week, residents of the United Kingdom will be able to buy, hold and sell cryptocurrencies through PayPal for the first time — marking a significant milestone for a company that began offering digital asset services less than a year ago. The global payments provider…
“# Venmo enables users to automatically buy crypto with ‘cash back’ rewards ” Paypal-owned payments firm Venmo has launched a new crypto ‘cash back’ feature that includes zero transactions on crypto purchases. According to an Aug. 10 announcement, Venmo’s “Cash Back to Crypto” service went live yesterday and enables credit card customers to spend their…
“#Letters to the Editor — Aug. 8, 2021” Dem spendfestPresident Biden, Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi all remind me of J. Wellington Wimpy, who famously said, “I’ll gladly pay you Tuesday for a hamburger today.” (“Dems’ Next $pend-a-thon,” Editorial, Aug, 5). Tuesday may never come for taxpayers stuck with the…
“# Square to acquire Australian fintech Afterpay in $29B deal ” Jack Dorsey’s cryptocurrency-friendly digital payments firm Square is expanding competition with global payment giants like PayPal by acquiring a major Australian lending company. Square announced Sunday that the firm has entered into a scheme implementation deed to acquire all of the issued shares in…
“# PayPal reportedly assembling crypto team in Ireland as Bitcoin adoption grows ” Global payments provider PayPal is in the process of recruiting for several cryptocurrency-related positions at its Ireland offices, further highlighting the company’s ambitions in the rapidly growing digital asset market. The Dublin-based Irish Independent, one of the country’s most popular news outlets,…
“# PayPal set to launch crypto trading in the UK and may embrace DeFi ” Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services. According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading…