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“# 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…
“#Forget using PayPal if your views run afoul of this left-wing group” Big Tech’s censorship partnership with the left establishment is expanding in ominous directions. The Silicon Valley giants have now partnered with the hyper-partisan Anti-Defamation League to help them decide what content Americans get to read online — and even which Americans get to…
“# PayPal’s crypto ‘super app’ set to roll out soon ” Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform. During PayPal’s Q2 2021 investor update call today, CEO Dan Schulman said the initial version of the company’s super app wallet was…
“# PayPal increases crypto purchase limits to $100K ” Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly. In a Thursday announcement, PayPal said it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said…
“# Blockchain Capital secures $300M funding from PayPal, Visa ” PayPal and Visa are among several major investors to have participated in a $300 million funding for Blockchain Capital. In a release issued on Tuesday, Blockchain Capital announced that the close of its Blockchain Capital V LP. According to the release, Fund V, capped at…
“# PayPal, Salesforce contribute to TRM Labs’ $14M investment round ” Blockchain intelligence platform TRM Labs has secured $14 million in Series A funding from venture funds across the crypto and technology sectors, sending a strong signal that major investors are backing digital-asset projects with ever-growing conviction. The venture capital arms of PayPal and Salesforce…
“# Former PayPal employees launch decentralized cross-border payment network on Algorand ” Two former PayPal workers in business and technology have launched a cross-border payment system aimed at “faster, cheaper, and more transparent payments.” In an announcement today, fintech infrastructure firm Six Clovers said it had launched its RAPID network connecting banks, merchants, and payment…
“# PayPal users will be able to withdraw crypto to external wallets ” PayPal’s embrace of cryptocurrencies appears to be growing after the payments provider revealed that it will allow users to withdraw their digital assets to third-party wallets. The news, which was reported by Reuters Wednesday afternoon, comes just seven months after PayPal first…
“# Data analytics giant Palantir now accepts Bitcoin payments ” Palantir, a $30-billion Colorado-based data analytics company founded by billionaire Peter Thiel, now accepts Bitcoin from clients as a form of payment. According to a CNBC report on Tuesday, Palantir said during its earnings call for the first quarter of 2021 that it had begun…
“# PayPal says its crypto efforts are producing ‘really great results’ on earnings call ” During PayPal’s Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a driving force in forging “a…