Payments giant PayPal has integrated cryptocurrency buying, selling, storage and payments into its global network. The customers of the San Jose-based online payment services giant PayPal will finally be able to make payments as well as receive the same using digital currencies through PayPal’s online wallets. According to a report from Reuters on Oct. 21, … Continue reading PayPal Finally Enables Cryptocurrency Payments and Shopping
Bitcoin (BTC) surged past $13,000, shortly after breaking its previous resistance level at $12,000 the day before. Bitcoin managed to hit a new high in 2020, and passed the $13,000 level for the first time since July 2019. The world’s largest cryptocurrency increased around 11 percent, as other altcoins also managed to climb higher as … Continue reading Bitcoin Price Surpasses $13K Shortly After PayPal’s Major Crypto Announcement
PayPal recently announced its integration of cryptocurrency buying, selling amd shopping into its global network, but the payments giant may not be done there with rumors flying that it is now looking to purchase digital asset custodian BitGo. According to a report by Bloomberg on Oct.23, PayPal is now venturing further into the crypto space … Continue reading PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry
PayPal CEO Dan Schulman gave comprehensive views regarding the company’s recent investment in crypto business, discussing potential business partnerships with central banks and the development of shopping tools on the payments platform. Schulman said that starting in 2021, PayPal would allow consumers to use crypto wallets to pay for goods and services, as 28 million merchants … Continue reading PayPal CEO Announces Plans for Cryptocurrency Business Expansion to Reach More Users
PayPal’s crypto services are officially available for use. US PayPal users will now be available to buy, sell, and hold cryptocurrency assets securely through the payments network. The crypto services will be available in all states, except for Hawaii. The financial service provider will feature Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, which can all be … Continue reading PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K
Pantera Capital, a crypto investment company recently published a report indicating that the entry of payment giant PayPal integrating Bitcoin and other cryptocurrencies into its platform gave a significant rise of Bitcoin price, and now it is not known where the rally will stop. In its official blog, the US-based investment company reveals that Bitcoin scarcity … Continue reading Bitcoin Scarcity and PayPal Crypto Inclusion Send BTC Prices Higher, Says Pantera Capital
Renowned Bitcoin critic Peter Schiff is at it again, this time expressing his views on why Gold is more efficient as a means of payment than BTC, particularly when third parties like PayPal have to be involved. Peter Schiff took to his Twitter handle and posted: “Once a third party is introduced to store Bitcoin, … Continue reading Peter Schiff Mocks BTC Reliance on Platforms like PayPal, Says "Gold is Money, Bitcoin is not"
Daniel Schulman, the Chief Executive Officer of PayPal, a leader in worldwide online payment systems, recently discussed some of his thoughts on the future of Bitcoin (BTC), and Central Bank Digital Currencies (CBDC). Speaking to CNBC’s Squawk Box, Schulman expressed his bullish disposition about Bitcoin noting that the use cases of Bitcoin in the long term … Continue reading PayPal CEO Dan Schulman Says He is Bullish on Bitcoin As a Currency
A PayPal user leveraging the financial payments platform’s new crypto features is indignant that his digital currency trades were flagged. The US-based investor leveraged PayPal’s crypto services to buy and sell cryptocurrencies during the price fluctuations occurring due to the current bull market. He reported that at least 10 of his transactions were flagged by … Continue reading PayPal Flags User’s Cryptocurrency Trades as “Risky” and Freezes Remaining Funds
A new research update from Mizuho Securities, a Japanese investment banking and securities firm has revealed the disposition of PayPal users in relation to the usage of Bitcoin (BTC) as a means of payment. Per an update posted on Twitter by CNBC markets commentator, Michael Santoli, Mizuho Securities revealed that about 65% of the platform’s … Continue reading Mizuho Securities Research: 65% of PayPal Users are Ready to Use Bitcoin