Thu, March 28

Tether’s CTO Discusses Impact Post PayPal’s Stablecoin Launch

Paolo Ardoino, CTO of Tether, gave his thoughts on PayPal’s stablecoin launch. In terms of market cap, Tether (USDT) is the biggest stablecoin. Ardoino maintained that the most recent PYUSD maneuver would not threaten their preeminence. According to Ardoino, this is because PayPal’s stablecoin (PYUSD) was introduced in the United

August 8, 2023 1 min read

Venmo Allows 60M Users Transferring Litecoin & Other Cryptos

The 60 million users of the well-known digital wallet Venmo will soon transfer Litecoin (LTC) between Venmo and other cryptocurrency wallets. This action will increase the number of cryptocurrencies available on the platform, which at the moment only provides four, including Litecoin. One of the most popular cryptocurrencies in recent

April 30, 2023 2 mins read

PayPal’s Venmo To Introduce Crypto Transfers In May

Venmo, a digital payment service in the U.S. has come up with introducing crypto payments and transfers even from fiat currencies sooner in May. This announcement of Venmo was given in the press release by Jose Fernandez da Ponte of PayPal, the parent company on April 28.  Dropping in to

April 29, 2023 1 min read

PayPal Halts Development of Upcoming Stablecoin Amid NYDFS Scrutiny

Bloomberg reports that due to regulatory worries in the sector, PayPal has halted the development of its upcoming stablecoin. In light of yesterday’s announcement of an inquiry into Paxos. The payment platform is suspending the development of its own stablecoin. PayPal remained bullish on the release of its stablecoin initiative.

February 11, 2023 1 min read

SEC Filing Reveals Paypal Held $640M in Crypto as of December End

According to its annual filing to the Securities and Exchange Commission, payments giant Paypal possessed more than $500M worth of the two major cryptocurrencies as of December 31, 2021. Included in the total were $291M in Bitcoin (BTC) and $250M in Ethereum (ETH). In addition to the $534 million in

February 10, 2023 1 min read

Payment Processor PayPal Launches Crypto Services in Luxembourg

In what seems to be an effort to spread crypto services throughout the European Union. Financial services major PayPal aims to establish cryptocurrency operations in Luxembourg. Users of PayPal will soon be able to trade Bitcoin and Ethereum, as well as purchase and store digital currencies. PayPal said in a

December 8, 2022 1 min read

$2500 Fine For Misleading Information Being Reinstated by PayPal?

On November 3rd, the new restricted-expression policy will go into effect. It has the ability to initiate automatic withdrawals from users. Rumor on social media platforms is that PayPal has reinstated its $2,500 fine for each time the business determines a user has posted false information. The financial services behemoth

October 28, 2022 2 mins read

PayPal Has Joined Hands With Coinbase TRUST Network

PayPal and the Coinbase TRUST Network have collaborated. TRUST Network only had 18 members as of February, but it has since quickly expanded to 38. PayPal joined with Coinbase Travel Rule Universal Solution Technology (TRUST) network to comply with the financial industries  Coinbase announced that  “Coinbase is delighted to announce

August 23, 2022 1 min read

US PayPal Update – Crypto Transfer is Now Available

BTC, ETH, and LTC can be transferred using PayPal across exchanges. No transaction fees for sending & receiving between PayPal users. The most requested feature among the Paypal users has now gone live yesterday. The selected US members can now directly transfer Bitcoin, Bitcoin Cash, Ethereum, and Litecoin to others,

June 8, 2022 1 min read

PayPal Reveals Plans To Integrate Crypto Services Into Its System

PayPal’s vice president made the announcement at the World Economic Forum on May 23 that the company is going all-in on crypto. The world’s largest payment processor is making every effort to integrate crypto services into its system. Possible Stablecoin and Digital Wallet At the World Economic Forum, Vice President

May 23, 2022 1 min read