|

Online Payments Giant PayPal Enables Cross-Border, Stablecoin-Funded Money Transfers for US Customers

PayPal just rolled out a new service that allows users to fund their cross-border money transfers using PayPalUSD (PYUSD), the US dollar-pegged stablecoin that the online payments giant unveiled in August last year. In a new statement, PayPal says that US users of remittance provider Xoom can now convert the PYUSD in their PayPal account…

|

PayPal incentivizes people to provide PYUSD liquidity on the curve

In a historic move, payment processor PayPal has promoted PYUSD liquidity on Curve Finance, the world’s largest decentralized stablecoin exchange (DEX) by trading volume. PayPal promotes PYUSD liquidity via Curve This development, first reported by Stake DAO on January 10, has sent shockwaves through the crypto community, with many experts predicting that Curve is poised…

|

PayPal given the green light for crypto services in the UK

In a recent development, PayPal has been registered by the Financial Conduct Authority (FCA) to offer crypto-asset activities in Great Britain. This move comes as PayPal establishes a post-Brexit base in the UK, reflecting its commitment to serving the UK market. According to a Reuters report, the UK crypto market is awaiting its first set…

| | | |

PayPal Allows US Users to Sell Cryptocurrencies Through MetaMask Wallet

PayPal continues to expand its digital asset services, integrating new methods of selling cryptocurrencies like Bitcoin. Global payments giant PayPal continues to expand its digital asset services by integrating new methods of selling cryptocurrencies like Bitcoin (BTC). On September 11, PayPal officially introduced new on- and off-ramps for Web3 payments, allowing US users to convert…

|

PayPal to Launch Cryptocurrency Hub for Select Users

The Cryptocurrency Center is key to PayPal reinventing itself as an inclusive crypto platform. The service will allow the sale and purchase of cryptocurrencies among other features. Payments giant PayPal, shortly after the launch of the stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce the Cryptocurrencies Hub, a feature that allows users…

| | | | | | |

Visa, Mastercard and PayPal suspend operations in Russia

Three of the largest financial companies in the world, Visa, Mastercard and PayPal, have suspended their services in Russian territory. This is presented as a financial sanction imposed on Russia when the country invaded Ukraine on February 24, 2022. The information was disclosed by each of these companies in a press release a few hours…

| | | | | | | | | |

PayPal Considers Launching Its Own Cryptocurrency, ‘PayPal Coin’

Coindesk has confirmed that PayPal (PYPL) is ready to launch its stablecoin as it tries to flex its muscles in the cryptocurrency market. PayPal subsidiary Curv has been laying the groundwork for the stablecoin launch since September. Bloomberg first reported that PayPal is exploring the possibility of launching its own stablecoin. The stablecoin details were…