Category: Paypal

WeWork to Start Accepting Cryptocurrencies for Payments

WeWork, one of the leading flexible workspace providers in the world, is jumping on the cryptocurrency bandwagon. A new release shared by Reuters revealed that WeWork would begin accepting select cryptocurrencies for payments. In a detailed blog post, WeWork also revealed that it will work with BitPay to process payments and will accept Bitcoin, Ethereum, USDC, and […]

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PayPal’s Venmo Enables Bitcoin and Crypto Purchases for 70M Users

Several months after its parent company implemented cryptocurrency purchases, Venmo has done the same for its multi-million user base. The company has added four digital assets so far – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).  According to a press release from today, the New York-based mobile payment service is the latest large name […]

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PayPal’s Crypto Service Could Reach $200 Million in Volume in a Few Months, Says CEO

Speaking at a conference with several crypto-friendly corporations, PayPal’s CEO Dan Schulman revealed that the company is looking to expand its crypto-services as digital currencies take a leading role in the financial system. Schulman joined the “2021 Blockchain 50 Symposium: Crypto Goes Corporate“, together with dozens of executives from the technological and financial space, including […]

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More Major Corporations Intent on Driving Mainstream Adoption of Cryptocurrencies

Many of us are familiar with the phrase, money doesn’t grow on trees. But, it certainly seems to be growing in cyberspace as we see more high profile companies tapping into the world of digital currency. For instance, last month saw PayPal Holdings, Inc. launching “Checkout With Crypto” in hopes of continuing mainstream adoption of cryptocurrencies. […]

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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US

According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because […]

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PayPal CEO Says Bitcoin Could Be a Chinese Financial Weapon Against the U.S.

PayPal CEO Peter Thiel loves Bitcoin but hates it when China mines or uses it. In a virtual event organized by the Richard Nixon Foundation, Peter Thiel explained that Bitcoin could be used by China as a weapon in the non-conventional war against the United States, taking advantage of its characteristics to counteract the hegemonic […]

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ICE’s Bakkt Takes On PayPal In A Race to Dominate Crypto Spendings Market

ICE’s Bakkt is all set to take on payments giant PayPal when it comes to promoting crypto use in daily purchases. On Tuesday, when PayPal announced its crypto checkout service for its U.S. customers, Bakkt also announced the launch of the Bakkt App that brings along Bitcoin and other crypto assets on a single platform. […]

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Breaking: PayPal Launches Crypto Checkout Services For US Customers

PayPal, the online payment processing giant announced the launch of a crypto checkout service for US customers today. This would allow customers to pay in four cryptocurrencies that PayPal currently supports including Bitcoin, Ether, Litecoin, and Bitcoin Cash. This is a significant breakthrough for crypto adoption and usage worldwide given PayPal has over 300 million […]

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Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch

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 a debit card inside your Paypal wallet,” said Paypal’s CEO. […]

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