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Paypal Hiring Over 100 Crypto Positions as Global Cryptocurrency Adoption Rises
2.8.2021
Payments giant Paypal is hiring more than 100 crypto-related positions as demand for cryptocurrencies grows. Paypal’s CEO recently revealed the company’s expansion plans, stating, “We continue to be really pleased with the momentum we’re seeing on crypto and we’re...
Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and Open Banking Integration
30.7.2021
Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto...
Paypal Raises Weekly Cryptocurrency Purchase Limit to $100K, Removes Annual Limit
16.7.2021
Payments giant Paypal has increased its weekly purchase limit for cryptocurrencies and has removed the annual limit altogether. The company said, “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.” Paypal Increases...
Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets
27.5.2021
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. Paypal to Support Crypto Transfers...
Paypal Crypto Shows ‘Really Great Results’ Amid Strongest Quarter Ever, CEO Says
7.5.2021
The CEO of Paypal has revealed that the company’s cryptocurrency business is showing “really great results.” The first quarter was Paypal’s best quarter ever overall and the strongest year in the history of the company, the CEO emphasized. Paypal Sees ‘Really Great...
E-Commerce Giant Ebay Looking at Accepting Cryptocurrency for 187 Million Buyers, CEO Reveals
3.5.2021
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. Ebay Looking Into Adding Cryptocurrency as Payment Option Ebay...
PayPal crypto partner Paxos raises $300M
29.4.2021
The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group
Paypal CEO Says Demand for Cryptocurrencies Is ‘Multiple-Fold’ of Initial Expectations
28.4.2021
The CEO of payments giant Paypal, Dan Schulman, has revealed that the demand for cryptocurrencies has been “multiple-fold” of his company’s initial expectations. Paypal’s Venmo recently began rolling out cryptocurrency features to enable Venmo users to buy, sell and hold...
Paypal’s Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies
20.4.2021
Venmo has announced the rollout of its “crypto on Venmo” service, allowing over 70 million users to buy, sell, and hold four types of cryptocurrencies, including bitcoin, using the popular Venmo app. Venmo’s new crypto service further shows Paypal’s commitment to the crypto...
PayPal Crypto, Goldman Sachs Vehicle, BTC Bugatti and 20 Crypto Jokes
3.4.2021
What a week! (Well, another one.) PayPal will launch a service that would allow its customers to pay with BTC, ETH, LTC, and BCH, Visa partnered with Crypto.com to settle transactions in USDC on Ethereum, Goldman Sachs might offer its first investment vehicles for BTC and other unspecified digital...
Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch
30.3.2021
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. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or...
Paypal Acquiring Crypto Security Firm Curv to Expand Digital Asset Initiatives
8.3.2021
Payments giant Paypal has announced that it is acquiring Tel Aviv-based crypto security infrastructure provider Curv. According to Paypal, this acquisition will help the company “expand its initiatives to support cryptocurrencies and digital assets.” The deal is reportedly worth less...
Personal Finance Expert Suze Orman Says ‘I Love Bitcoin’ — Advises How to Buy BTC, Praises Paypal
7.3.2021
American financial advisor Suze Orman says she loves bitcoin. She has provided some advice on how to invest in the cryptocurrency a month, noting that she prefers to buy bitcoin through Paypal’s crypto service because the payments giant has made it easy to do so. Suze Orman Loves Bitcoin Suze...
Paypal to Expand Its Crypto Services Offering to the UK
15.2.2021
Paypal’s cryptocurrency services are coming to the United Kingdom, as the digital payments giant is now targeting non-U.S. countries. Buy, sell and hold digital asset products could be available for Paypal’s U.K. customers in “a number of months.” Results With the Paypal...
Paypal Launches Business Unit Dedicated To Cryptocurrency
6.2.2021
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money...
What We Learned About PayPal’s Crypto Strategy This Week
4.2.2021
Insights from PayPal’s first quarterly earnings report since launching crypto services
Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst
17.1.2021
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due...
PayPal crypto partner Paxos closes $142M funding round
17.12.2020
The stablecoin issuer is pursuing ambitious plans in the expanding crypto space
Paypal’s Stock Soars to All Time High as Demand for BTC on the Platform Now More Than Supply of New Coins
15.12.2020
E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%. Paypal’s Turnaround The stock’s...
Reddit Users Fume at Details of PayPal Crypto ‘Lockout’ Case
26.11.2020
A Reddit user has claimed they have been “permanently banned” from the PayPal platform “due to cryptocurrency buy/sells being treated as ‘item sales.’”
Per a thread created by the Redditor, the PayPal customer claimed that they wanted others to be aware of what they called an “ignorance-fueled...