FinTech

The Board of Directors of PayPal disclosed that the new Chief Executive Officer of the payment processor giant will be Alex Chriss (an executive who runs Small Businesses and Self-Employed Group at Intuit). He will enter the new role on September 27, replacing Dan Schulman. The amendment comes a week after PayPal doubled down on its crypto efforts by launching a stablecoin pegged to the valuation of the US dollar.  PayPal With a New Boss The announcement states that the Board...

CoinspeakerPayPal Unveils Cryptocurrencies Hub Following PYUSD Stablecoin Launch While PayPal's new crypto service allows users to explore the crypto industry, access to this innovative feature has been restricted in certain jurisdictions and for specific individuals. PayPal Unveils Cryptocurrencies Hub Following PYUSD Stablecoin Launch

American payment goliath Visa is exploring ways to facilitate payment of on-chain gas fees through the use of a Visa card. In a recent report, Visa’s Product Manager Mustafa Bedawala emphasized a challenge associated with cryptocurrency wallets faced by users which requires them to constantly manage their ETH balance to cover gas fees. The company is experimenting with an option to enable users to pay their on-chain gas fees directly in fiat money through card payments,...

CoinspeakerBank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued The introduction of PayPal stablecoin (PYUSD) represents a groundbreaking development in the realm of stablecoins and digital currencies. Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued

CoinspeakerRipple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin David Schwartz seems unsurprised that the Fed is reacting negatively to the new stablecoin issued by PayPal. Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin

CoinspeakerVISA Allows Users to Pay Ethereum Gas Fees via Credit Card Visa's solution revolves around Ethereum's ERC-4337 account abstraction standard and the utilization of a "paymaster" smart contract feature which allows off-chain settlements of gas fees. VISA Allows Users to Pay Ethereum Gas Fees via Credit Card

CoinspeakerMicrosoft and Aptos Blockchain Partner to Revolutionize Web 3.0 and AI Integration The partnership between Aptos Labs and Microsoft is aimed at tackling industry-specific challenges. Microsoft and Aptos Blockchain Partner to Revolutionize Web 3.0 and AI Integration

Payments giant PayPal is launching its own stablecoin, and the move has got both traditional fintech players as well crypto firms excited. Dubbed ‘PYUSD,’ the stablecoin is built on Ethereum and is 1:1 redeemable for US dollars. The move essentially marked the first such move from a major financial institution in the United States. While PayPal briefly stopped working on its stablecoin a few months ago amid tightening regulatory scrutiny of crypto, the subsequent announcement...

CoinspeakerBernstein Research: Stablecoin Market to Top $2.8T by 2028 As investors and consumers battle with the risks of regular cryptocurrencies, stablecoins provide a dependable shelter where value remains generally stable over time. Bernstein Research: Stablecoin Market to Top $2.8T by 2028

CoinspeakerAmazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO Amazon is looking to anchor the IPO and has joined Nvidia, Apple, Intel, TSMC, and Samsung in official talks with Arm Ltd. Amazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO