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Tag Archives: paypal

PayPal Co-Founder Warns: Get Ready for Big Tech ‘No Buy’ List

PayPal’s co-founder, David Sacks, recently warned that big tech companies and political operatives are on the verge of creating a “No-Buy” list for controversial creators, platforms, and firms. Cryptocurrency was invented in part to solve problems like this. Sacks warned readers of Common Sense with Bari Weiss on Substack that large corporate payment processors, including PayPal, are hard at work to build what is, in essence, a “No-Buy” list, a play on “No Fly” lists. Sacks...

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PayPal Reportedly Looks to Assemble a Cryptocurrency Team in Ireland

The American payments processor – PayPal – will reportedly expand its digital asset endeavors by building a designated cryptocurrency team in Ireland. The firm appears to be ready to broaden its scope to other countries, too. PayPal Advances in Ireland According to the local media Independent, PayPal is looking to assemble a new team highlighting the company’s ambitions to deeply embrace the digital asset market. The future employees will fill crypto-focused roles in...

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PayPal to Introduce a Crypto ‘Supper App Wallet’ Soon

PayPal will reportedly take another step in its cryptocurrency endeavors and roll out a “super app wallet” for its American users. The company will launch the upgraded version in the upcoming months. Additional Crypto Capabilities for PayPal Clients The Chief Executive Officer of the company – Dan Schulman – revealed during PayPal’s Q2 2021 Earnings Call that the firm would enhance its digital assets services by offering its users an upgraded version of its application. Named...

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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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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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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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Apple is Headhunting a Business Development Manager With Experience in Cryptocurrencies

In a recent job post, the company is now looking for a Business Development Manager for “Alternative Payments” —with experience in several fields, including cryptocurrencies. The key qualifications require at least five years of experience working in alternative payment providers, such as digital wallets and crypto-assets. Candidates will be responsible for the end-to-end business development and launching of new programs related to FinTech products.  Apple Seeking Fintech...

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All That Crypto You Bought Through PayPal? It Ain’t Yours…

If you think the bitcoin or cryptocurrencies you purchased through PayPal are officially yours, think again. As it turns out, anyone who purchases digital assets through the company are not given private keys to these coins, thereby denying them ownership, though it is still possible to garner a hefty profit on these assets granted they move up in price. PayPal Is Looking to Retain Control PayPal first announced its venture into the crypto space during October of last...

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