Paypal

Blockchain Capital secures $300M funding from PayPal, Visa

PayPal and Visa are among several major investors to have participated in a $300 million funding for Blockchain Capital. In a release issued on Tuesday, Blockchain Capital announced that the close of its Blockchain Capital V LP. According to the release, Fund V, capped at $300 million was oversubscribed with numerous investors including college endowments, …

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Bitcoin may lose $30K price level if stocks tank, analysts warn

The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days. Meanwhile, …

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Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets

<div class=”featured_image_container”> </div> <strong>Payments giant Paypal will soon allow its users to transfer cryptocurrencies away from its platform to third-party wallets, the company’s head of cryptocurrency reportedly revealed. Paypal has been seeing tremendous growth in its crypto business.</strong> Paypal to Support Crypto Transfers to Third-Party Wallets Jose Fernandez da Ponte, Paypal’s head of cryptocurrency, said …

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E-Commerce Giant Ebay Looking at Accepting Cryptocurrency for 187 Million Buyers, CEO Reveals

<div class=”featured_image_container”> </div> <strong>Ebay is looking at cryptocurrency as a payment option for its 187 million buyers on the platform, the company’s CEO has revealed. The e-commerce giant is also exploring opportunities in the non-fungible token (NFT) business.</strong> Ebay Looking Into Adding Cryptocurrency as Payment Option Ebay CEO Jamie Iannone said in a CNBC interview …

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Coinbase offers customers a way to purchase crypto using PayPal

Coinbase users with PayPal accounts will now have another way to purchase crypto through the exchange. In an announcement from Coinbase today, the crypto exchange said it would be allowing its customers based in the U.S. to buy crypto using debit cards and bank accounts linked to their PayPal accounts. Coinbase said the move would …

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PayPal crypto partner Paxos raises $300M

Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraise shortly after receiving preliminary approval to form a national trust bank. On Thursday the firm announced a new $300 million Series D funding round bringing Paxos’ valuation to $2.4 billion. The new funding round included previous Paxos investors including PayPal Ventures, Declaration …

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PayPal-owned Venmo launches cryptocurrency trading

Payments app Square made headlines — and dollars — when it integrated Bitcoin trading into its mobile platform back during the crypto bull market of winter 2017.  Now, rival payments firm Venmo, owned by PayPal, is following suit by launching cryptocurrency trading for four major coins: Bitcoin (BTC), Ether (ETH), Litceoin (LTC) and Bitcoin Cash (BCH). Beginning April …

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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US

<div class=”featured_image_container”> </div> <strong>According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have …

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Jeremy Allaire: ‘USDC is halfway to flipping PayPal’

The co-founder and CEO of Circle, Jeremy Allaire, has made a bold prediction that the company-issued stablecoin is on track to surpass payments giant PayPal in terms of transacted dollar value. The comments came in an April 6 tweet in which Allaire alluded to the on-chain transaction volume for USDC over the past year, which …

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Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch

<div class=”featured_image_container”> </div> <strong>Payments giant Paypal has launched the “Checkout With Crypto” service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. </strong><strong>“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your Paypal wallet,” …

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