Tag Archives: paypal

At the time of writing, bitcoin has taken a bit of a nosedive, though at $17,800, the currency is doing somewhat better than it was about 24 hours ago. The currency initially lost more than $2,000 off its price to trade in the low $17,000 range, and many analysts began to show some concern that BTC’s all-time high wouldn’t be reached this year.Bitcoin Buying Is Continuing to SurgeHowever, prior to all this negative hoopla, the currency was ascending like it never had before. Quite frankly,...

CEO des Finanzdienstleisters PayPal sieht Bitcoin als Papiergeld Nachfolger. PayPal ist als weltweiter Zahlungsdienst bekannt. Um so mehr Gewicht hat die Aussage seines CEO Schulman, der im Bitcoin das Potenzial sieht, zukünftig Bargeld als Zahlungsmittel zu verdrängen. Als ersten Schritt wird PayPal nach Aussagen seines CEO Bitcoin Transaktionen zuzulassen. Das würde den...

PayPal users who use the service for high-frequency crypto trading should be cautious about having their accounts banned. One Redditor reportedly learned this lesson recently with the payment giant placing a 180-day hold on his purse that still has about $462.Apart from the likelihood of users facing account closures for trading crypto on PayPal, the situation also brings to light some deficiencies in the company’s customer service, which may present issues for cryptocurrency owners.PayPal is...

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them ValueUpon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class...

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...

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...

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...

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...

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...

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,...