CPI report may show uptick in US inflation — How will Bitcoin price react?
Bitcoin price remains range bound as equities, gold and US Treasuries offer competitive rates with reduced risk. This week’s CPI report could shake things up. Go to Source
Paypal
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Breaking: Paypal launches stablecoin for payment
Payment processing giant PayPal started crypto payments in March 2020 and since then has been actively involved in the crypto payment sector. Go to Source
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 Powered by WPeMatico
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 Powered by WPeMatico
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 Powered by WPeMatico
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 … Read more
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 Powered by WPeMatico
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 … Read more
Venmo will enable fiat-to-crypto payments in May
Users of the mobile payment service will also be able to receive crypto through a QR code or external crypto address. Go to Source Powered by WPeMatico
PayPal and the credit card industry are taking advantage of consumers
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees. Go to Source Powered by WPeMatico
