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FinTech

You Can Now Buy $100K Worth of Crypto Each Week Through PayPal

PayPal – arguably the largest digital payment platform in the world – has some good news for crypto holders. The company announced that it was upping its weekly crypto spending limit to approximately $100,000. The firm has stated that it is also doing away with its annual $50,000 limit. PayPal Customers Can Now Buy Six-Figures Worth of Crypto Prior to this move, PayPal customers could only purchase as much as $20,000 in crypto every seven days. Now, it looks like that...

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Visa and Crypto Spend Unveil New Digital Currency-Based Credit Card

Residents of Australia will soon be able to utilize bitcoin and other cryptocurrencies for payments at retail outlets throughout the nation thanks to a partnership between Crypto Spend – a digital currency startup in the Great Outback – and financial giant Visa. Visa and Crypto Spend Are Releasing a New Credit Card Thanks to a new Visa credit card that Crypto Spend is releasing, Australians will be able to spend digital currency on goods and services at nearby stores by...

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PayPal Raises Limit on Cryptocurrency Purchases to $100K Per Week

PayPal’s decision to support operations with cryptocurrencies has brought outstanding results, and a few hours ago, it just hit the gas pedal and increased the limit on cryptocurrency purchases giving its customer more freedom to buy their beloved digital assets. According to an Official PR, duly registered customers will now be able to buy up to $100,000 in crypto per week, without any other monthly or yearly limit. The company assured that the move comes in response to the...

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Visa and Mastercard Maintain Support for Binance Amid Regulatory Issues

Although numerous banking organizations have restricted their users from interacting with Binance, Visa and Mastercard have reaffirmed their belief in the world’s largest crypto exchange. With the growth of its services and popularity, Binance attracted regulatory scrutiny from various global watchdogs, as CryptoPotato explained recently. While the exchange’s attempts to enhance its compliance requirements continue with the employment of new personnel, some financial...

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WISE-Börsengang London: Soviel kostet heute eine WISE-Aktie

Transferwise wird zu Wise Das Fintech Wise erreichte bei seinem Börsengang in London eine spektakuläre Bewertung in Höhe von 7,95 Mrd. GBP (etwa 10 Mrd. CHF). Damit gilt der Konzern als volumenstärkster Börsengang eines Technologie-Unternehmens, den die englische Hauptstadt jemals vermelden konnte. Besonders ist auch die Form des Börsengangs: Wise führte die erste Londoner Direktplatzierung durch. Bei diesem Verfahren, das in den USA schon...

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Visa to Approve First Bitcoin Spending Card in Australia

The global payments giant Visa has approved the issuance of a physical debit card that will allow Australians to spend their bitcoins at local stores and leisure venues. The inovation will enable customers to make direct purchases with crypto instead of converting digital assets to fiat money. First BTC Spending Card in Australia According to the Australian Financial Review report, Aussies will soon be able to spend cryptocurrencies via a new debit card created by the local...

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Block Fi and Visa Unveil New Crypto Rewards Card

Block Fi has joined hands with Visa to launch its new bitcoin rewards credit card. The product has been available to most residents of the United States since last Tuesday. The company had been working to unveil a BTC-based credit card since December of last year and was met with much enthusiasm from traders, who joined a waiting list to be among the first to garner the product. Block Fi and Visa Work to Bring BTC Rewards to Customers Overall, as many as 400,000 names...

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PayPal and Visa Lead $300M Funding for Blockchain Capital

Blockchain Capital remains a major tech backer in the DLT space with investments in numerous crypto and DLT projects. Fund V with $300M Funding According to a press release published on Monday (June 22, 2021), Blockchain Capital has closed funding for its Fund V LP. The capital raise reportedly drew participation from several high-profile backers including global payment giants Visa and PayPal. Capped at $300 million, Blockchain Capital’s latest fund was oversubscribed likely...

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After El Salvador: Paraguay Official Hints at Big Government Project Involving Bitcoin and PayPal

After El Salvador announced plans to adopt Bitcoin as legal tender, an official from Paraguay’s government has hinted at a similar development. The country’s Deputy of the Nation, Carlos Antonio Rejala Helman, suggested that the government will start working on a big project involving the largest cryptocurrency and PayPal. Is Paraguay Next in Line? The cryptocurrency community argued for years that struggling countries from less fortunate parts of the world, such as South...

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PayPal Users Can Soon Move Their Crypto to Other Outlets

Crypto fans around the world were excited to hear last October that PayPal would soon be allowing users to purchase and store cryptocurrencies through the trading platform. In addition, PayPal said that it was on the verge of allowing customers to pay for items and services with digital currencies. PayPal Is Changing Things Up a Bit This got things hopping up and down and the bitcoin boom ultimately began, though things came with a catch as users soon began to find out...

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