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Tag Archives: paypal

PayPal and Square Are Buying Every New Mined Bitcoin… And More

When Bill Harris, former CEO of PayPal, described Bitcoin as “the greatest scam in history” in an article for Vox, the last thing that would come to his mind was the role his company would play in the global adoption of this cryptocurrency.This was in 2018, just when Bitcoin was on a major bearish trend. The bubble —as Harris described it— exploded. But things changed, a new CEO replaced Harris and Bitcoin’s price slowly recovered. Well, slowly until PayPal jumped on the Bitcoin...

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PayPal Gives All US Customers Access to Crypto Service Options

PayPal is clearly moving as quickly as it can. Just a few weeks ago, the company announced that it was changing its platform so that users could potentially purchase cryptocurrencies such as bitcoin and Ethereum. In addition, customers could also pay for items and services utilizing digital assets.PayPal Removes All Recent RestrictionsWell today, it looks like all of PayPal’s cryptocurrency services are being made available to all customers in the United States, suggesting that the company is...

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Crypto Twitter Bullies PayPal for its Definitions of Bitcoin, Ethereum, Litecoin and BCH

When the Crypto Twitter community reacts, it does so in a big way. And when the guys from the Bitcoin neighborhood unite, there’s nothing to stop them, especially when it comes to criticizing traditional financial institutions —whether they’re crypto-friendly or not. If this seems hard to believe, ask PayPal, who had to deal with significant criticism after publishing something about Bitcoin that was not swallowed easily by the Crypto Twitter community. What PayPal Did In...

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Bitcoin Breaks Above $16K For The First Time Since January 2018: The Crypto Weekly Market Update

Bitcoin is up by a total of around 5% this week. However, the most interesting part is that it finally broke above the coveted $16,000 mark for the first time since January 2018. This time, however, things are looking a lot more stable. BTC had a few attempts at $16,000 and managed to convincingly break through today. Ironically, it’s Friday the 13th so there goes the myth of bad things happening on this date. At the time of this writing, the price is trading at above $16,200...

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PayPal Enables Eligible US Customers to Buy, Sell, and Store Bitcoin

The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in its opinion-whether this is actually good for Bitcoin in the long run.  From one side, people believe that...

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PayPal Says It Will Incorporate Venmo Into Its Crypto Systems

As we all know by now, PayPal has announced that it’s planning to allow users to buy digital currencies through it’s platform. In addition, people can pay for goods and services with digital currencies. However, it appears the platform is also really looking to expand its overall crypto presence.PayPal Says Venmo Is ComingThis has been established in the fact that it has acquired a conditional Bit License and that it’s looking to potentially purchase Bit Go and other crypto custodial firms,...

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PayPal CEO: Only 10% of Clients Have Access to Crypto Services, There’s a Waiting List

PayPal CEO Daniel Schulman said that the large online payment processor will add numerous new cryptocurrency-related features at the start of next year. In the most recent earnings call reported by Fortune, Schulman noted that the platform will enable crypto payments for goods and services at 28 million merchants. He reassured that it will not result in any “incremental fees for either consumers or merchants.” PayPal’s mobile payment service app Venmo, will also support...

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Bitcoin Shows Newfound Strength, Back Above $13,000K

Well, bitcoin has once again impressed traders and exhibited a level of resilience that nobody ever expected. Following a sudden drop into the high $12,000 range, the currency has shot back up above $13K, but now, the asset has reached an even higher point on the financial ladder. At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for over $13,400, the highest it’s been since early 2018.The Strength of Bitcoin Gains New GroundThe last several...

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PayPal Says Goodbye to Epik, Citing Legal Crypto Issues

Following news that PayPal would allow its customers to pay for goods and services with crypto assets like bitcoin, the digital payments firm has announced that it is ending its relationship with a venture known as Epik due to alleged risks and other issues stemming from the company’s crypto department.PayPal Says Adios to EpikTypically, the company works with PayPal by registering web domains and hosting the enterprise’s transactions, though these transactions will no longer be processed for...

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Bitcoin Takes a Few Steps Back, Trading Below $13,000

Well, it looks like bitcoin has taken a fall in the past 24 hours, but why?Bitcoin Dips in the Past DayJust a day ago, the world’s number one cryptocurrency by market cap had crossed the $13,000 line for the first time in over a year. The asset had shot up to approximately $13,100 and many were celebrating that things were really turning around for the coin, which had had a rather dismal September.The price expansion came following news that PayPal – arguably the largest digital payments...

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