On November 1, PayPal issued its Q3 earnings report, and in a separate filing, the company revealed that it received a subpoena from the U.S. SEC relating to PayPal USD stablecoin.
After pausing some digital asset services in August, PayPal has now joined 42 other companies registered by the FCA to offer ‘crypto’ services in the United Kingdom.
PayPal eyes NFTs with new patent, hinting at Ethereum integration, fractional ownership, and potential royalties.
PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can convert PYUSD to other PayPal-supported digital assets.
Citing "unresolved issues" tied to its relationship with Binance, the NYDFS ordered Paxos to halt the minting of BUSD while users have until February 2024 to redeem their stablecoins.
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat, leading to one of the major bankruptcies of this bear market.
Elon Musk unveiled his plans to hit revenue goals for Twitter, involving diving into payments, competing with TikTok on videos, and the $8 Twitter Blue subscriptions.
Western Union appears to be preparing to enter the digital asset sector by filing three trademark applications, joining competitors Mastercard, Visa, and PayPal.
PayPal, an online payments processor and financial services company, set off a media storm on Saturday when it published its acceptable use policy (AUP) update.
Gov. Jared Polis made good on his promise earlier this year, announcing on September 19 that Colorado residents can now use PayPal’s digital asset service to pay taxes.
Majority of the polled retailers, spanning electronics, fashion, digital goods, as well as food and beverage sectors, are eyeing digital currency payments within 24 months.