Report said that PayPal users will allow users to withdraw their digital assets to third-party wallets. The decision was heralded as a major milestone in mainstream recognition of digital assets. It has been reported that PayPal users will be able to send their cryptocurrencies to other wallets instead of just holding them on PayPal or selling it into fiat currency for withdrawal. However, neither Reuters nor PayPal has specified when the crypto withdrawal feature would be su

Dan Schulman, the CEO of PayPal, has said that demand on the crypto side has been multiple-fold. It has been reported that Schulman said that existing financial infrastructure needs modernization because it’s “inefficient today” due to overly expensive, slow international transactions. The CEO predicted that the financial system is poised to see more changes in the next five to 10 years than it has experienced over the past two decades. He said: “Ten years from now, you will

On March 30, PayPal announced the launch of “Checkout with Crypto”, a new feature that significantly accelerates the mainstream adoption of cryptocurrencies. The particular crypto payment feature as per the press release is “available at millions of global online businesses” and will continue to expand in the coming months. However, the new feature is applicable to PayPal’s US customers with” cryptocurrency holdings”. Now, the customers “will be able to choose to check out wi

PayPal, the payments giant, has acquired Israel-based crypto custody firm Curv for an undisclosed amount, as it plans to complete the acquisition before the third quarter of 2021. It has been reported that the firm purchased Curv as part of its initiative to support cryptocurrencies and digital assets. Calcalist, the Israel-based media outlet, said last week that Curv may have sold for between $200 million and $300 million, with CNBC reporting on Monday that “The deal is wort

Dan Schulman, the CEO of PayPal, said that the payments giant is ready to double down on cryptocurrencies, after a limited buy/sell/hold crypto trading launch “exceeded expectations.” Schulman said: “We also saw an exceptional response from our crypto launch. […] The volume of crypto traded on our platform greatly exceeded our expectations.” It has been reported that Schulman said that crypto would be accepted “as a funding source when [users] shop at any of our 29 million me

Paxos, the US-based stablecoin operator, has raised $142 million in fresh funding from investors including PayPal and Mithril Capital. It has been reported that US investment firm Declaration Partners, backed by billionaire David M. Rubenstein, led the funding round with other participants including RIT Capital Partners plc., Ken Moelis, Alua Capital, and Senator Investment Group. However, previous Paxos backers like RFE Ventures and Liberty City Ventures also invested in the

PayPal‘s crypto trading and payments went live for all eligible customers in the United States on November 12 (Thursday). It has been reported that PayPal ended its waitlist for customers looking to use cryptocurrency in the US Trading features a limit of $20,000 per week, which is double the originally announced $10,000. However, PayPal plans to make crypto payments available at 26 million merchants globally. A representative said that PayPal will notify US customers about t

PayPal announced that its customers will be able to use cryptocurrencies to shop at any merchant in its large network starting from early 2021. It has been reported that the payments will be settled through fiat currencies, similar to many existing crypto merchant solutions like BitPay, which means that the merchants will be receiving fiat, as PayPal will take care of the conversion. However, the company said that the coins initially supported will include Bitcoin (BTC), Ethe

Bitcoin (BTC) hits $12,865 during trading on October 21 as PayPal would support four cryptocurrencies to boost markets in 2021. It has been reported by data from Cointelegraph Markets, Coin360, and TradingView that Bitcoin’s best day in over a year as 24-hour gains topped 7%. However, the report said that hours after rising to $12,400, BTC/USD crossed $12,500 to only see resistance at just below $13,000. Today, we are announcing the launch of a new service that will enable cu

bitFlyer Europe, one of the largest Japanese cryptocurrency exchanges, has integrated PayPal deposits to their platforms. It has been reported that the official announcement calls bitFlyer’s integration with PayPal a significant move in bridging the gap between the fiat and cryptocurrency world for European users. However, while bitFlyer Europe already supports wire card transfers, it takes between one to three days for clearance, as the integration of PayPal is expected to m

Tether has surpassed Bitcoin and PayPal for the average daily transfer value. It has been reported by CoinMetrics that Tether’s 7-day average adjusted transfer value reached over $3.55 billion as of August 20. According to the research, this is around 20% more than that for Bitcoin which was a reported $2.94 billion. However, after six months of rapid growth, USDT average daily transfer value has finally flipped Bitcoin’s as it continues to take more and more of the market sh

Cryptocurrency trading services will reportedly be offered on PayPal thanks to a new partnership with Paxos. Initially reported by CoinDesk, the digital payments giant is planning on introducing cryptocurrency trading through New-York based Paxos’ new brokerage service. More details on Paypal/Crypto. 1. sources confirm it is happening 2. if true, it is what I anticipated. Like Revolut you will not be able to send/receive Crypto (probably bitcoin and few more) but only to tra

PayPal, the Online Payments Giant, has validated that it is developing capabilities in the cryptocurrency space, according to a letter to the European Commission (EU). It has been reported that the document was originally submitted on March 20, that appears to have been published in June, the document was intended as a response to the European Commission’s public consultation on building a European Union framework for markets in crypto assets, whose feedback period lasted fro

The world is currently witnessing the fourth industrial revolution or Industry 4.0. Meanwhile, the debate on stablecoin vs e-money is growing as the dynamics of industries “is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human”. Market players are now turning to crypto-assets and the underlying blockchain techno

Mike Blandina, the former CEO of PayPal and Google, has been appointed as the new CEO of Bakkt, the major cryptocurrency trading platform. Bakkt Has Two New Appointments as Former CEO Leaves for US Senate https://t.co/zlh88BwVqn * * * * * I love rewards. I love tips too. https://t.co/MTp73QOUPi pic.twitter.com/lv6opijzvO — CryptoGirl news🗯 🚀🌛⚡️ (@CryptoGirl_News) December 24, 2019 On December 23, it has been reported that after the departure of Kelly Loeffler, the foun

Dan Schulman, the CEO of payment processor PayPal, revealed that he does indeed own Bitcoin (BTC). On November 20, it has been reported by Fortune that Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for PayPal’s withdrawal from the Libra Association and whether he is the proud owner of any cryptocurrencies. However, Schulman explained that PayPal withdrew from Libra because the company decided to put its attention elsewhere. A

According to new data from SEMRush, a marketing analysis firm, Bitcoin (BTC) is the third-most preferred online payment method in Italy. On October 31, it has been reported by La Stampa, the Italian news outlet that the Boston-based marketing analysis company is in the list of the most used methods of online payment systems in Italy. Bitcoin comes in a strong, third place, just behind PayPal and PostePay, the Italian reloadable prepaid card service. The data further revealed

PayPal withdraws from Facebook led Libra Association. A PayPal spokesperson stated that PayPal “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.” while adding: “We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work tog