Visa, Mastercard Join PayPal in Suspending Russian Operations
The payment processors cited Russia’s invasion of Ukraine in announcing the move on Saturday. Source link
PayPal
Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more
Utah-based crypto tax and accounting startup TaxBit has raised more than $100 million in a Series A round. First reported by Forbes, the round was led by investment companies Paradigm and Tiger Global, with participants including PayPal Ventures, Coinbase Ventures and Winklevoss Capital. The startup offers cryptocurrency tax software for crypto users, exchanges and vendors. …
PayPal CEO says the payments giant wants to be ‘the digital wallet for global CBDCs’
PayPal CEO Dan Schulman said Thursday that he sees PayPal playing a significant role in the utility of central bank digital currencies (CBDCs). On the company’s investor day call, Schulman said PayPal is gearing up to be “the digital wallet for global CBDCs.” PayPal’s newly unveiled product roadmap for crypto includes becoming a CBDC platform. …
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The CFPB is looking into Venmo by requesting documents from PayPal
The U.S. Consumer Financial Protection Bureau (CFPB) is looking into unauthorized fund transfers on social payments platform Venmo, according to documents filed with the Securities and Exchange Commission (SEC). The CFPB issued a documents request to Venmo’s parent company PayPal on Jan. 21. PayPal disclosed the request in its most recent 10-K filing with the …
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PayPal Talks to Buy Crypto Firm BitGo Have Ended: Report
Talks regarding a possible acquisition by PayPal of bitcoin custodian BitGo have fallen through, Fortune reported, citing multiple sources. Read more: PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg Source link
Why the PayPal Rally Isn’t What It Seems, and Why That’s OK
The bigger you are, the bigger the splash when you jump in the water. And when it comes to mainstream payments companies, there are few bigger than PayPal. In case you’ve been totally avoiding the headlines over the past few days (and who could blame you), PayPal (NASDAQ: PYPL) this week confirmed its entry into …
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Crypto exchange bitFlyer Europe links up with PayPal, enabling account deposits with euros
Crypto exchange bitFlyer Europe has announced an integration with PayPal. The move means bitFlyer users can now deposit euros using their PayPal accounts to buy cryptocurrencies. “What we have done is that we have integrated PayPal in the same way e-commerce websites would,” Jacek Bastin, business strategy manager at bitFlyer Europe, told The Block. “The integration …
PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement
According to a recent lawsuit filed in the Western District Court of Texas, data center power management firm Lancium has accused bitcoin mining firm Layer1 of infringing upon its patented technology to adjust power usage in bitcoin mining facilities. Backed by investors like PayPal Co-founder Peter Theil and the Digital Currency Group, CoinDesk’s parent company, …
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PayPal Picks Paxos to Supply Crypto for New Service, Sources Say
PayPal, the fintech giant planning to bring crypto trading to its massive user base, has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter. It’s a plum assignment for New York-based Paxos, which last week launched Paxos Crypto Brokerage and announced its first customer in …
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Feds add fintechs PayPal, Intuit to emergency coronavirus loan program
Fintech companies PayPal and Intuit were approved by the Small Business Administration (SBA) to distribute funds as part of the U.S. agency’s emergency lending program, enacted amid the ongoing coronavirus pandemic. PayPal and Intuit released statements on April 10, declaring their participation after the SBA’s approval, according to coverage by CNBC. The SBA plans administer …
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