Monday , June 27 2022
Home / Tag Archives: paypal (page 14)

Tag Archives: paypal

YСombinator’s Crypto Compliance Startup Raises $4.2M from Investors Including Paypal Ventures

A San Francisco -based startup TRM Labs, which emerged from YCombinator and looks at blockchain analysis as a tool for the ensuring of compliance, has received $4.2 Million in funding from various investors that included PayPal Ventures. The big problem with compliance for cryptocurrencies and blockchain technology is that most banks and financial institutions would rather not deal with the intricacies and the technological hoops which they would have to leap through before they get a clear...

Read More »

PayPals Ex CFO wird von der Bank of America verbannt ?

Die Bank of America hat beschlossen, das Bankkonto von Roelof Botha, einem der besten Risikokapitalgeber der Welt und ehemaligen CFO von PayPal, zu schließen. Roelof Botha gehört eigentlich zu den Personen, um die sich Banken streiten müssten. Für die Bank of America trifft dies scheinbar nicht zu. So wird man einen Kunden los und zukünftig eventuell noch weitere. After being a customer of...

Read More »

Bank of America Shuts Down PayPal ex-Executive’s Account

An ex Paypal official complained that Bank of America has notified him of shutting down his account soon without any explanation given. Actually, the bank did say it “carefully reviewed his banking relationship”, whatever that supposed to mean. Former Paypal’s CFO Roleof Botha said he was utterly surprised when he saw the notification about closing down his account. And, not just that, Bank of America was so kind so it gave Botha 30 days to “take his money and run”.After being a customer of...

Read More »

Won’t Happen With Bitcoin: Bank of America Shuts Down Ex-PayPal CFO’s Bank Account

One of the largest US banking institutions, the Bank of America, has recently decided to close the account of the former CFO of PayPal. The decision came without an explanation, despite the fact that he had been a client for over 20 years. Needless to say, Bitcoin’s censorship-resistant nature is one of the things that bring it up as a viable alternative in scenarios of the kind.Bank Of America Shuts Down An AccountThe former CFO of PayPal and current partner at Sequoia, Roelof Botha, shared...

Read More »

PayPal Axes Pornhub Performers Payments Model as Verge Stands to Gain

In one sudden and swift move payments giant PayPal has cut off the thousands of performers on adult behemoth Pornhub that depended on the payment service to receive their payments. The pornographic platform indicated this in a blog post in the help section on the website. They wrote:“We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.”This, of course, has fundamentally changed the way and manner in which the...

Read More »

PayPal Drops Pornhub and the Crypto Community Rises to Fill the Gap

PayPal suspends services for Pornhub. Over a hundred thousand pornographic actors are now cut off. Cryptocurrencies could thrive as a censorship-resistant payment method. In a drastic move, PayPal suspended its services to the world’s largest free pornographic site, Pornhub. Although the reasoning behind it is unknown, this could be an opportunity to show the intrinsic value that cryptocurrencies have. Traditional Services Without Censorship Resistance PayPal’s decision to stop payouts to...

Read More »

Block Bid Is a Different Way to Trade BTC and Crypto

A new kind of bitcoin trading platform is making its way to the front of the crypto line. Developed by brothers David and Ed Sapper, the platform – known as Block Bid – works as a way of allowing people to utilize crypto the way they would cash on PayPal.Block Bid – The PayPal of Crypto?David, the company’s co-founder and chief operating officer, stated in an interview:It’s engrained in our heads that no matter what website we go to, no matter what we buy, if it’s a PayPal checkout bot on the...

Read More »

EU Wants to Compete with Facebook’s Libra Instead of Just Banning It

The G7 meeting participants state that things like stablecoins including Facebook‘s Libra should be strictly regulated and the risks connected with them are not yet studied well. Per EU lawmaker and a German conservative Markus Ferber:“At the very least, we need a robust regulatory framework to deal with virtual currencies. The (executive EU) Commission has been way too complacent on the issue so far. With the threat of Libra on the horizon, it is time for action now.”The draft text of the...

Read More »

Libra Project Should Not Be Headed by Facebook, Says Co-Founder of Ethereum

The fate of Facebook’s Libra cryptocurrency is pretty much hanging in the balance and has somewhat been so since it was first announced a few months ago. There has been so much backlash from authorities, with Congress specifically asking Facebook to halt the development progress until further notice. Now according to Ethereum co-founder Joseph Lubin, the biggest problem that the Libra faces is Facebook itself.Lubin recently spoke to CNBC’s Squawk Box, and specifically mentioned Facebook’s...

Read More »

PayPal Reports 19% Growth with $4.38 Billion Revenue in 2019 Third Quarter

PayPal Holdings Inc. has announced its earned figures in its quarterly report for the third quarter, showing a notable increase in the company’s volume of total payment. According to its report, the company pulled in a $4.38 billion revenue, representing a 19% increase.Furthermore, the company’s earnings per share also increased, going higher than the proposed estimate by market analysts. Experts had estimated a 52 cents per share earnings but PayPal surpassed this, hitting 61 cents which is...

Read More »