Category: Paypal

PayPal CEO: 28 Million Merchants Will be Able to Use Cryptocurrency for Transactions in 2021

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC. The Utility Surrounding Bitcoin And Cryptocurrencies Is What […]

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Digital Fiat Currency Will Replace Paper Money-PayPal CEO

When asked about the threat to Bitcoin [BTC] from finance regulators PayPal CEO today in an interview to CNBC said that central banks will replace paper money with Digital fiat currencies that include cryptocurrencies, CBDCs and other stablecoins. It is to be noted that Paypal recently allowed users to buy Bitcoin [BTC] using fiat currency […]

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Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of […]

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Bitcoin’s New Yearly High Makes it Bigger Than JP Morgan

Bitcoin soared past the $18,500 mark to set another yearly high reaching $18,936 late night on Friday. On its way to the new yearly high, the king coin also surpassed the $350 billion market capitalization, making it bigger than JP Morgan for a brief period of time. The price fell back to $18,600 levels soon […]

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Could itBit give us insights into the success of PayPal’s new crypto service?

Could itBit give us insights into the success of PayPal’s new crypto service?

Quick Take PayPal officially opened buy/sell functionality for cryptocurrencies last week PayPal has partnered with Paxos to offload custody and trading Could itBit give us a meaningful look into how is PayPal’s crypto offering doing? This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The […]

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Crypto Twitter Bullies PayPal for its Definitions of Bitcoin, Ethereum, Litecoin and BCH

Crypto Twitter Bullies PayPal for its Definitions of Bitcoin, Ethereum, Litecoin and BCH

When the Crypto Twitter community reacts, it does so in a big way. And when the guys from the Bitcoin neighborhood unite, there’s nothing to stop them, especially when it comes to criticizing traditional financial institutions —whether they’re crypto-friendly or not. If this seems hard to believe, ask PayPal, who had to deal with significant […]

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Bitcoin Breaks Above $16K For The First Time Since January 2018: The Crypto Weekly Market Update

Bitcoin is up by a total of around 5% this week. However, the most interesting part is that it finally broke above the coveted $16,000 mark for the first time since January 2018. This time, however, things are looking a lot more stable. BTC had a few attempts at $16,000 and managed to convincingly break […]

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PayPal Enables Eligible US Customers to Buy, Sell, and Store Bitcoin

The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in […]

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US PayPal Users Can Now Trade Cryptocurrency on Platform

US PayPal Users Can Now Trade Cryptocurrency on Platform

A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account. PayPal has announced the official launch of Bitcoin buying, selling and trading on its platform for US customers only. Having revealed its plans to integrate cryptocurrency payments only last month, PayPal has worked swiftly to make […]

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