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“# PayPal crypto partner Paxos raises $300M ” Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank. On Thursday, the firm announced a new $300-million Series D funding round bringing Paxos’ valuation to $2.4 billion. The new funding round…
“# Demand for PayPal’s crypto offering exceeded all expectations, CEO says ” The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO. “Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” PayPal president and…
“#Venmo will now let customers buy and sell cryptocurrencies” Mobile payment app, Venmo will now let customers buy and sell bitcoin and other cryptocurrencies, marking the latest effort to make digital tokens more mainstream. The Paypal-owned Venmo said starting Tuesday it will display a new feature on its app that will let users buy four…
“# PayPal-owned Venmo launches cryptocurrency trading ” Payments app Square made headlines — and dollars — when it integrated Bitcoin trading into its mobile platform back during the crypto bull market of winter 2017. Now, rival payments firm Venmo, owned by PayPal, is following suit by launching cryptocurrency trading for four major coins: Bitcoin (BTC), Ether (ETH), Litceoin…
“# CEO says PayPal’s crypto commerce may reach $200M volume in just months ” As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future. Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s…
“# Jeremy Allaire: ‘USDC is halfway to flipping PayPal’ ” The co-founder and CEO of Circle, Jeremy Allaire, has made a bold prediction that the company-issued stablecoin is on track to surpass payments giant PayPal in terms of transacted dollar value. The comments came in an April 6 tweet in which Allaire alluded to the…
“#PayPal launches cryptocurrency checkouts for online shopping” PayPal rolled out a new feature Tuesday allowing shoppers to make purchases with cryptocurrency at millions of online stores. The digital payments giant’s “Checkout with Crypto” service is the latest move by a major corporation to expand the use of digital currencies like bitcoin. PayPal already allows users…
“# PayPal to start letting US customers pay in Bitcoin at global merchants ” Online payments giant PayPal will start to accept cryptocurrency as a medium of exchange at its millions of global merchants, the firm’s president and CEO revealed on Tuesday ahead of a formal announcement. News broke regarding PayPal’s rumored decision to accept…
“# Bitcoin jumps past $59K as PayPal launches crypto payments at 29M merchants ” Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched cryptocurrency payments. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview PayPal: Crypto is now “legitimate funding source” Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD hitting a ten-day…
“# Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE ” E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets…