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Kite Raises $18M Series A to Build Agentic Web Infrastructure With Stablecoin Payments

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Kite has raised $18 million in a Series A round led by Paypal Ventures and General Catalyst, bringing total funding to $33 million, the San Francisco–based startup announced. Formerly Zettablock, Kite builds foundational trust infrastructure for the “agentic web,” and today launched Kite AIR, a suite providing programmable agent identities, native stablecoin payments and policy … Read more

Stablecoin Companies Harness Loopholes in the GENIUS Act to Offer ‘Rewards’

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Companies like Coinbase and Paypal are taking advantage of the loopholes present in the stablecoin-focused GENIUS Act to offer “rewards” to depositors, even though it explicitly forbids issuers from distributing any form of interest or yield to holders. GENIUS Act Circumvented? Paypal, Coinbase Offering ‘Rewards’ to Stablecoin Holders Crypto companies are finding ways to circumvent … Read more

Visa Supports More Stablecoins in Push for Scalable Global Blockchain Payments

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Visa supercharges the future of finance by expanding stablecoin settlements with new digital assets and blockchains, unlocking a new era of global crypto payments. Visa Broadens Stablecoin Network With Euro Integration and New Blockchain Access Payments giant Visa announced on July 31 that it is extending its stablecoin settlement infrastructure by integrating more digital currencies … Read more

Paypal Launches Pay With Crypto to Bring 100+ Coins and Wallets Mainstream

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Paypal ignites U.S. merchant adoption with instant crypto payments, cutting transaction fees by up to 90% and unlocking access to 650 million users in the $3 trillion crypto market. Paypal Lights up US Merchants With Instant Crypto Payments and 650M Reach Payments giant Paypal announced on July 28 that it is launching Pay with Crypto, … Read more

Paypal Teams With Indian and Chinese Giants to Build Global Payment Network

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Paypal has launched a new platform aimed at connecting various payment systems with its digital wallets, allowing users to shop internationally without conversion fees or delays. Expanding Global Reach Fintech giant Paypal has collaborated with global payment leaders to introduce Paypal World, a new platform designed to connect popular payment systems with its digital wallets. … Read more

Coinbase Joins Forces With Paypal to Supercharge Crypto Payments

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Coinbase and Paypal are unleashing a payments revolution, fusing stablecoin tech with mass adoption muscle to drive billions onchain through frictionless, instant digital transactions. Coinbase and Paypal Collide to Supercharge Crypto Payments—Onchain Adoption Begins Coinbase has broadened its alliance with digital payments powerhouse Paypal, aiming to deepen the impact of Paypal USD (PYUSD), a stablecoin … Read more

Paypal Seeks to Drive PYUSD Adoption With 3.7% Reward on Users’ Stablecoin Holdings

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Paypal is launching a new rewards program for its stablecoin PYUSD, offering U.S. users a 3.7% annual return to boost adoption in the competitive stablecoin market. Incentivizing Use of PYUSD Paypal Holdings is launching a new rewards program for its stablecoin PYUSD to boost adoption of the digital token within a fiercely competitive market. The … Read more

Paypal and Venmo Expand Cryptocurrency Offerings With Chainlink and Solana

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Paypal has announced the expansion of its cryptocurrency offerings with the addition of chainlink (LINK) and solana ( SOL) for users of both Paypal and Venmo. Starting in the coming weeks, users will be able to buy, hold, sell, and transfer these new tokens directly within their accounts. May Zabaneh, Vice President of Product for … Read more