Cryptocurrency Analysis and News Portal
In brief:Paypal’s U.S customers will soon have an opportunity of checking out using their crypto holdingsThis increases crypto adoption by allowing users to pay for goods and services at over 29 million merchantsThe news could propel Bitcoin to $62k if $58k is maintained as support during the monthly closeNews coming
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A Twitter user, however, countered Allaire’s opinion on USDC and PayPal.The CEO and co-founder of Circle Jeremy Allaire is confident in the USD Coin (USDC) and believes that the coin is about to exceed PayPal Holdings Inc (NASDAQ: PYPL). According to Allaire, Circle’s USDC is on the way to surpass
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Today, news broke that PayPal is ready to launch cryptocurrency payments to merchants, allowing its massive userbase of millions to pay with Bitcoin and the other altcoins has offered since the middle of last year. However, like all things related to centralized platforms getting involved in cryptocurrencies, there’s a catch. PayPal To
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PayPal’s latest decision to launch a cryptocurrency checkout service included support for four digital assets: bitcoin, ether, bitcoin cash, and litecoin. Still, Binance exchange’s native cryptocurrency, Binance Coin, benefited the most from the global payment giant’s pro-crypto declaration. Binance Coin, or BNB, surged more than 8 percent on Tuesday, hitting $304.39,
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The cryptocurrency exposure basket will have MicroStrategy (20%), Square (18%), Riot Blockchain (15%), NVIDIA (15%), PayPal Holdings (10%), etc.A debt instrument is set to be released by JPMorgan Chase & Co (NYSE: JPM) in a bid to ensure that investors get access to a crypto exposure basket featuring several cryptocurrency-related
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Payments giant PayPal has acquired Israel-based crypto custody firm Curv for an undisclosed amount.According to PayPal, the firm purchased Curv as part of its initiative to support cryptocurrencies and digital assets. The platform said it plans to complete the acquisition before the third quarter of 2021, but did not disclose
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PayPal could be to central bank digital currencies (CBDCs) what private banks are to physical dollars.The company’s CEO, Dan Schulman, laid out a vision during its investor day on Thursday for PayPal’s digital wallets being the means by which central banks distributed CBDCs to consumers across income levels. “You think about
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The U.S. Consumer Financial Protection Bureau is probing the social payments app, according to Reuters. Source
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In the final quarter of 2020, PayPal gained 16 million in net new active accounts and handled $277 billion in total payment volume.The earnings are the payment giant’s first since rolling out crypto buying and selling late last year. It removed the waitlist for BTC, ETH, LTC and BCH to
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After a limited buy/sell/hold crypto trading launch that "exceeded expectations," PayPal CEO Dan Schulman said on the company's Q4 earnings call today that the payments giant is ready to double down on cryptocurrencies. “We also saw an exceptional response from our crypto launch,” said PayPal CEO Dan Schulman. “[...] The volume of
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