Tag Archives: paypal

According to the Binance report, the crypto market saw declines across the board in Q3, as fundraising and developer activities tanked. Binance has called the third quarter of 2023 “a challenging quarter” for crypto. In its Q3 “Market Pulse” report, Binance highlighted a few drawbacks the crypto industry faced, adding insights and shedding light on the general state of the industry. The report revealed declines in the industry across several points. For instance, Binance notes that the...

The situation first arose when BitPay posted a tweet stating that Ripple (XRP) could now be used to buy items in games that use BitPay, including Roblox and Smite. Popular gaming platform Roblox found itself at the center of some confusion on Tuesday after a now-deleted tweet from cryptocurrency payment processor BitPay claimed that Ripple’s XRP could be used to make in-game purchases. The unsubstantiated claims rapidly spread across social media, leading many users to speculate that...

The Hong Kong Monetary Authority (HKMA) recently completed a public consultation on stablecoins regulations. As the city of Hong Kong prepares for mainstream adoption of digital assets through a regulated manner, the officials are grappling with cases of crypto-related scams. In a bid to ensure maximum protection of investors’ funds, Hong Kong’s Secretary for Financial Services and Treasury Christian Hui has noted that trading of retail stablecoins is not yet allowed. With the regulations...

Leading digital asset exchange, Crypto.com, announced a partnership with global payments giant PayPal to become the preferred exchange for the recently launched PayPal USD (PYUSD). According to an official release, the collaboration builds on the firms’ existing integrations, including a top-up service between PayPal and the Crypto.com Visa Card. Crypto.com Becomes Preferred Exchange for PYUSD Crypto.com listed PYUSD on its platform two weeks after PayPal launched the...

Despite entering the list of approved digital assets, PayPal’s PYUSD stablecoin may not experience the instantaneous adoption initially anticipated following the launch.  Crypto.com, a Singapore-based digital assets trading platform, has formed a strategic alliance with PayPal and Paxos to strengthen its global standing as the preferred exchange for the PayPal stablecoin PYUSD. The move builds on the existing business relationship between PayPal and Crypto.com, enabling users to fund their...

Poof Payments Inc. – a platform that has become a leader in the world of web3 crypto payment solutions – has recently unveiled its new “Pay with Anything” feature. This allows users to pay or process invoices through a wide array of digital currencies such as Cardano, Avalanche, Ethereum, and practically any other asset they can think of. Poof Payments Allows Altcoin Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being...

PayPal recently shocked the world by announcing it would be creating its own stable currency atop the Ethereum network. As a result, several digital currencies are beginning to show signs of life, and price jumps have occurred for major assets over a 24-hour period. Also, crypto investor Charlie Shrem says that the news is going to help launch bitcoin into a new stratosphere and boost Ethereum’s timetable. Charlie Shrem is Proud of PayPal Shrem stated on social...

PayPal – the world’s biggest digital payment platform – has announced the release of a new USD-pegged stable asset it’ll use to enter the digital currency market. PayPal is Delving Deeper into Crypto PayPal has had a strong background in crypto. A former executive with the firm – David Marcus – lent plenty of energy and time to aid Facebook’s failed Libra project, which would have seen a new stable currency payment outlet formed on the social media giant. Also,...

After announcing its new payment stablecoin last month, PayPal revealed on Wednesday that Paypal USD (PYUSD) is now available to Venmo users for transacting with peers. Initially available to “select users,” access will expand to all Venmo users in the coming weeks, according to the company’s announcement. Venmo, a mobile payments app owned by PayPal, will allow users to buy and send PYUSD to other Venmo users and PayPal wallets. PayPal touts free stablecoin transfers between...

Stablecoin issuer Paxos, in one of the latest developments, released the first transparency but unaudited report for the recently born Paypal USD, or PYUSD stablecoin, affirming the stability and reliability of the assets. This latest report also highlighted that, as the curtains fell in August, the lion’s share – over 90% – of PYUSD was held in Paxos wallet, with another approximately 7% scattered across various exchanges such as Kraken, Gate.io, and Crypto.com.  Paxos’...