Tag Archives: paypal

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’...

In October 2020, PayPal, the world-renowned digital payment platform, announced its foray into the cryptocurrency market. This landmark decision meant that the platform’s vast user base, consisting of hundreds of millions of individual consumers and millions of merchants, could now buy, hold, and sell cryptocurrencies directly from their PayPal account. In addition, transactions can be conducted using these digital currencies. This article will delve into PayPal’s journey...

PayPal says that by launching the new service to USD on ramp, it hopes to simplify customer interactions with cryptocurrencies. Payments giant PayPal Holdings Inc (NASDAQ: PYPL) is expanding services offered as part of its expansion into the crypto sector. Following its launch of an on-ramp function that lets customers buy crypto, PayPal has launched an off-ramp service so that users can easily sell the crypto for USD. The company announced this in a news release published on Monday. The...

MetaMask introduces the “fiat-off-ramp” feature on the platform by allowing users to convert their ETH holdings to fiat currency. On Tuesday, September 5, the popular cryptocurrency wallet MetaMask announced that it had launched a new feature that would allow users to sell ETH for fiat currency. In a post on X (formerly Twitter) on September 5, MetaMask announced that users with crypto wallets connected to the Portfolio decentralized application could now convert their Ether (ETH)...

On Sept. 4, Fabio Panetta, ECB Executive Board member at the Committee on Economic and Monetary Affairs of the European Parliament, said the central bank was nearing the end of its research and investigation phase. It will soon decide whether to move to the next phase of potentially developing and issuing a digital Euro. The ECB first published a report on a CBDC in October 2020, and three years later, they’re ready to move forward. Big Tech Warning The first key aspect is...

Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding. Despite its efforts towards profitability, buy now, pay later firm Klarna has revealed that it failed to record a half-year 2023 profit. The Swedish firm, which had earlier taken measures to cut costs, confirmed that the measures did help reduce its losses by roughly 67% in the period. However,...

Swagbucks ist ein von Prodege LLC betriebener Betreiber von Belohnungs- und Treueprogrammen mit Sitz in El Segundo, Kalifornien. In der heutigen Zeit suchen viele Menschen nach Möglichkeiten, ihr Einkommen aufzustocken oder einfach ein bisschen Extra-Geld zu verdienen. Eine der beliebtesten Plattformen für dieses Ziel ist Swagbucks. Swagbucks ist eine Online-Plattform, die es Nutzern ermöglicht, auf vielfältige Weise Geld zu verdienen, während sie...

PayPal announced that it will temporarily suspend crypto purchases on its platform for its U.K. based users beginning in October. The move comes in response to evolving regulatory guidelines provided by the Financial Conduct Authority (FCA) – Britain’s chief market regulator. PayPal Pauses Crypto Buys Per an email received by certain U.K. users on Wednesday, the suspension will take effect on October 1, and is expected to last until early 2024. “Your crypto remains safe,”...