Paypal – Page 4 – DIGIT INFO

Money stored on mobile payment apps may not be FDIC insured, US watchdog warns

Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not.

Go to Source

Web3 developer Magic raises $52M in funding led by PayPal Ventures

The company has raised $80 million for wallet development since its inception in 2020.

Go to Source

MetaMask rolls out ETH purchases via PayPal to US users

Users in the United States can also transfer ETH from PayPal to MetaMask. The companies first announced their collaboration in 2022.

Go to Source

Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH

Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms. Paypal’s Crypto Holdings […]

Go to Source

PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B

The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022.

Go to Source

Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges

After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency […]