PayPal
PayPal's Stablecoin Launch Is a 'Seminal Moment' for the Industry: Paxos Head of Strategy
Global payments giant PayPal is launching its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD). The Ethereum-based token will be available to PayPal users in the U.S. and is being issued by Paxos Trust Company. Paxos Head of Strategy Walter Hessert discusses the partnership, the use cases of stablecoins, and the state of U.S. regulatory oversight for the crypto sector.
PayPal Enters the Crypto Conversation with New Stablecoin; Worldcoin Faces More Scrutiny
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the electronic payments giant PayPal ventures into digital assets with the announcement of a U.S. dollar-pegged stablecoin called PayPal USD. Sino Global Capital files a multimillion dollar claim against FTX. And, Worldcoin’s Nairobi warehouse was reportedly raided as Kenya's Ministry of the Interior suspends the project from operating in the country.
PayPal Is Launching Its Own U.S. Dollar-Pegged Stablecoin
PayPal (PYPL) announced the global payments giant is issuing its own U.S. dollar-pegged stablecoin. The Ethereum-based token will soon be available to PayPal U.s. users and is the first time a major financial company is issuing its own stablecoin. "The Hash" panel weighs in on PayPal's latest move into the realm of crypto.
PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets
Jose Fernandez da Ponte, PayPal's SVP and General Manager, discusses at Consensus 2023 the platform's new functionality on Venmo and why the feature, slated for May, will give users the ability buy and send crypto to other wallet users via the Venmo app.
PayPal Held $604M in Crypto For Its Customers as of Year-End 2022
PayPal (PYPL) held a total of $604 million of bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH) for its customers as of Dec. 31, according to its annual report to the U.S. Securities and Exchange Commission (SEC). The payments company has been allowing customers to buy and sell crypto since October 2020, though it has only recently begun to disclose specific holdings of different coins in its SEC filings. "The Hash" panel discusses what this means for PayPal's crypto ambitions.
PayPal Expanding its Crypto Service to Luxembourg 'in Coming Days'
PayPal will start its crypto service to Luxembourg, marking the first rollout of its crypto service to a European Union country. “The Hash” panel discusses how Luxembourg could serve as a gateway for the other 26 countries in the bloc once the Markets in Crypto Assets (MiCA) regulation comes into effect.
Bitstamp Exec: Bitcoin Sentiment 'Pretty Positive' Across the Board
Bitstamp U.S. Chief Compliance Officer Thomas Hook joins "All About Bitcoin" to discuss Europe's crypto growth and mass adoption trends, integration with PayPal and impact of Liz Truss resigning as U.K. Prime Minister. Plus, bitcoin (BTC) outlook amid low volatility.
PayPal Says It’s Not Fining Users for Misinformation
“The Hash” panel discusses PayPal walking back its Acceptable Use Policy (AUP) notice that would have fined users $2,500 for spreading “misinformation,” claiming the update “went out in error.”
When Payments Go Programmable
Jose Fernandez da Ponte, PayPal's SVP and GM of Blockchain, Crypto, and Digital Currencies (BCDC) joins PayPal President and CEO Dan Schulman at Consensus 2022 to discuss the role cryptocurrency plays in the future of payments. Moderator: Alan Murray, Chief Executive Officer, Fortune Media (USA) Corporation
