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PayPal to offer crypto payments for merchants, limited trading on Venmo

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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PayPal and Venmo Reportedly Moving Into the Bitcoin and Crypto Market

PayPal, the global payments network and industry leaders, is planning to start selling large-cap cryptocurrencies to its 325 million consumer base, as per reports on June 23. Turning to BTC CryptoX quotes unnamed, “well-placed” industry members as the sources on the matter, with the latter stating PayPal will commence the “buys and

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Paystand Raises $20M to Be Blockchain-Based ‘Venmo’ for Commercial Payments

Paystand, a platform using blockchain tech to automate commercial payments, has raised $20 million in Series B funding. Backing the round are a number of VC firms including DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures and Wildcat Ventures. Existing investors Leap Global Partners and BlueRun Ventures also took part.Paystand

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Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization

New York lawmakers proposed a bill on a peer-to-peer (P2P) savings and payment platform called the “New York Inclusive Value Ledger.”Introduced by New York State Assembly legislator Ron Kim and Senator Julia Salazar, the bill proposes to set up the “empire state inclusive value ledger establishment and administration act”

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