PayPal (PAYPAL) News

Leading payment processing company PayPal revealed adding support for crypto transfers between PayPal, and other digital currency wallets and platforms. The company published a press release that says the new feature has been one of the most wanted possibilities by users since the team started...

Leading payments company PayPal considers releasing its stablecoin. As per a report by Bloomberg, the company is exploring a digital currency pegged to the US dollar. At the moment, details of the project development aren't known. Paypal's senior vice president of blockchain, crypto, and digital...

According to the official statement of the popular payment system PayPal, it will soon launch a new crypto service. It is noted that not all PayPal customers will be able to access digital asset trading. To use the new services, you will need to have the status of a British citizen and a verified...

On July 15, American payments company PayPal released an article, announcing changes in the crypto purchase policy. Now, US-based users are allowed to purchase up to $100,000 in crypto weekly with no annual buying limitation. PayPal says the changes aim to offer clients more options and flexibility...

Venture Capital firm focused on crypto and DLT, Blockchain Capital allocated $300 M in funding for its Fund V. Giant finance firms PayPal and Visa contributed the round. BC was established in 2013. It has financially backed over 110 firms. The number includes crypto platforms Coinbase, Kraken,...

Nasdaq-listed Coinbase has allowed US residents to buy cryptos using PayPal. Users can use debit cards and bank accounts linked to PayPal. The new functionality does not support credit cards and electronic checks, the company noted. “If you have a PayPal account, you can start trading on Coinbase...

Dan Schulman, CEO of the major payment company PayPal said in a recent interview with Time that the demand for the company's crypto offering is more than the team expected at first. The payment giant allowed crypto trading in November 2020. As stated by Schulman, the current financial structure...

Major payments entity PayPal announced enabling US clients to pay merchants from over the world with crypto. Specifically, users holding BTC, Eth, Bitcoin Cash (BCH), and Litecoin (LTC) in PayPal wallets will have the option to exchange them with fiat money at checkouts for trading. PayPal's Chief...

Payment operations provider PayPal acquired crypto custody business Curv. The sum of the deal is unknown. Curv is an Israeli-based firm founded in 2018. It exploits a cloud-powered service that allows customers to reach their crypto wallets not using any hardware device. In the paper, published on...

Payment giant PayPal will enhance the integration of cryptocurrencies into its business, including by positioning the supported application as a "digital wallet for global national digital currencies (CBDC)". Similar plans were shared by the CEO of the company Dan Shulman at a conference...

PayPal records its all-time high crypto volume in one day. On January 11, users made transactions for over $240 Million. The previous high was $129 million, reached a week ago. The digital payment company has chosen to buy its crypto through the digital asset platform itBit, which presents the...

PayPal has refused to acquire crypto custody company BitGo. In October, there were reports that PayPal was in talks with BitGo for purchase, but the payment company was considering other options. BitGo, according to CEO Mike Belsh, has "been in talks with everyone for years." The...

Investor interest in PayPal shares has been growing steadily over the past 30 days. This trend was the result of the launch of the company's cryptocurrency service in the fall of 2020. Bidding last Monday, December 14, again ended with a record for PayPal securities. Over the month, the company's...

PayPal CEO Dan Shulman, in an interview with CNBC on Monday, November 23, was optimistic about the outlook for Bitcoin. “I think there will be more and more crypto use cases that will make bitcoin more widely used, more stable, and probably more valuable over time,” he said. Shulman said the...

Pantera Capital said in a recent letter to investors that payment company PayPal has acquired the equivalent of nearly 70% of all BTC that have been mined in the past month. PayPal launched its cryptocurrency service this month for US customers. The company noted a high demand for cryptocurrency...

The news was provided by Circle Co-Founder and CEO Jeremy Aller, who shared on Twitter a screenshot of a purchase confirmation worth about 0.0075 BTC equivalent to $100. The purchase rate was $ 13,265 plus a small spread, no commissions were charged. At the moment, PayPal is not a BTC wallet, but...

PayPal has teamed up the crypto trade, informing that now its clients can purchase Bitcoin and other digital ventures via their PayPal accounts. Then the virtual assets could be managed to buy stuff from the 26 M traders which approve PayPal. PayPal aims to add buying alternatives in the US within...

PayPal plans to add cryptocurrency support for 325 million of its users. It is reported by Coindesk, citing its sources. “As far as I understand, they will allow purchases and sales of cryptocurrencies directly in PayPal and Venmo,” a CoinDesk source said. “They will add cryptocurrency wallet...