Mobile banking app Dave scores $100M investment from FTX US
Dave is the latest in a series of fintech payments apps to offer crypto services, following PayPal, Venmo, and Cash App. Go to Source Powered by WPeMatico
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Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations in the Russian Federation also in response to Kyiv’s call for help. Payments Giant Paypal Halts Services in Russia, Maintains … Read more
PayPal establishes advisory council for crypto and blockchain
“We believe it is crucial to engage with the world’s best leaders to better understand the industry’s most compelling opportunities and complex challenges,” said Jose Fernandez da Ponte. Go to Source Powered by WPeMatico
Progressive group adopts Bitcoin as ING and PayPal block donations
Progressive International made another case for Bitcoin as a tool for circumventing the traditional financial system. Go to Source Powered by WPeMatico
PayPal stablecoin: What it could mean for payments
PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin. Go to Source Powered by WPeMatico
Google Pay hires PayPal exec to head up crypto payments push
The tech giant has hired a PayPal veteran to help with the expansion of Google Pay as it sets its sights on the future, including plans to explore crypto. Go to Source Powered by WPeMatico
Bitpay Statistics Show the Use of Bitcoin for Payments Is Dwindling
The use of bitcoin as a digital currency for payments has gone down significantly, according to the numbers stemming from Bitpay, one of the leading cryptocurrency payments processors. While most of the purchases were made with bitcoin back in 2020, this dominance has dwindled, opening the space for other tokens and currencies, such as ethereum … Read more
Crypto Biz: Here’s what you need to know about CZ’s $96B net worth, Jan. 6-13
Changpeng Zhou is crypto’s biggest billionaire, Bitfarms purchased more than $43M worth of BTC and PayPal plans a stablecoin project. Go to Source Powered by WPeMatico
Ramp expands presence in US with FinCEN regulation
Last August, Ramp became one of only eight crypto firms to secure approval from U.K.’s Financial Conduct Authority. Go to Source Powered by WPeMatico
Paypal Coin: Payments Giant Explores Launching Stablecoin to Boost Crypto Offerings
Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc. is reportedly exploring the launch of its own stablecoin backed by the U.S. dollar as … Read more
