PayPal reportedly looks to take on Robinhood with stock trading
PayPal has reportedly conducted discussions to acquire a broker-dealer but is unlikely to launch the new investment service this year. Go to Source Powered by WPeMatico
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PayPal launches crypto services for UK customers
PayPal customers with verified identities will soon have access to crypto trading. However, crypto transactions for PayPal business accounts aren’t yet supported. Go to Source Powered by WPeMatico
Bitcoin bulls aim for $50K ahead of Friday’s $675M BTC options expiry
$675 million in BTC options expire this Friday and derivatives data suggests that bulls are favored to increase their control of the market. Go to Source Powered by WPeMatico
Venmo enables users to automatically buy crypto with ‘cash back’ rewards
Paypal-owned payments firm Venmo has expanded its crypto support by enabling credit cardholders to convert their cash back rewards into four digital assets hosted on the platform. Go to Source Powered by WPeMatico
Paypal’s Venmo Launches ‘Cash Back to Crypto’ Feature to Auto Purchase Cryptocurrencies
Venmo, a Paypal service, has introduced the “Cash Back to Crypto” feature to allow credit card customers to automatically buy four types of cryptocurrencies with their cash back without incurring transaction fees. Cash Back to Crypto on Venmo Payments giant Paypal announced Tuesday a new feature on its Venmo platform called “Cash Back to Crypto” … Read more
Square to acquire Australian fintech Afterpay in $29B deal
Square will acquire Australian fintech firm Afterpay in a $29 billion stock deal, expecting to close the transaction in Q1 2022. Go to Source Powered by WPeMatico
Paypal Hiring Over 100 Crypto Positions as Global Cryptocurrency Adoption Rises
Payments giant Paypal is hiring more than 100 crypto-related positions as demand for cryptocurrencies grows. Paypal’s CEO recently revealed the company’s expansion plans, stating, “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that.” Paypal’s Crypto-Related Job Postings Paypal is hiring more than 100 … Read more
PayPal reportedly assembling crypto team in Ireland as Bitcoin adoption grows
The new hires will help PayPal expand its crypto-focused business offering at a time of rapid adoption of Bitcoin and Ether. Go to Source Powered by WPeMatico
Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and Open Banking Integration
Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans, … Read more
PayPal set to launch crypto trading in the UK and may embrace DeFi
The global payments platform wants to let British customers trade crypto on its new “super app”. Go to Source Powered by WPeMatico