PYUSD Post-Launch: Exploring Mixed Reactions, Technology and Future

2023-8-8 14:40

After PayPal's announcement of the release of its U.S.

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House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system.

2023-8-8 04:00


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PayPal’s office in Ireland starts building its crypto team

By now, most people are aware that PayPal has had a major change of heart regarding cryptocurrencies late in 2020, announcing that it will add support for digital currencies on its platform. For US citizens, this has already happened soon after the announcement, and they have had access to crypto via PayPal directly for more […] The post PayPal’s office in Ireland starts building its crypto team appeared first on Invezz.

2021-8-3 13:13


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Following PayPal’s Foray, eBay Looking to Storm Vibrant Trillion-Dollar Crypto Market

E-commerce giant, eBay Inc, has revealed a tentative plan to include crypto payments among its range of payment options for customers. The world’s 66th most valuable company made this announcement in a CNBC interview with the company’s CEO, Jamie Iannone, who stated that the company has started ‘considering’ the option given the growing demand for […]

2021-5-4 12:59


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All Eligible PayPal Account Holders In The U.S. Can Now Buy And Sell Bitcoin

Payments giant PayPal has effectively lifted the waitlist for users looking to use its crypto service, allowing all eligible US customers to buy, sell, and hold cryptocurrencies. PayPal Opens Its Doors To All US Crypto Customers On Thursday, PayPal announced in a brief update to its original October 21 announcement that its crypto trading service […]

2020-11-14 00:32


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Winklevoss twins give a new bullish Bitcoin price prediction

Bitcoin (BTC) price has been surging recently, following  PayPal’s announcement that it will introduce crypto buying, selling, and storing within its own platform. However, while BTC finally managed to leave the price limbo in which it was stuck for weeks and go up to just below $13k, Gemini founders, the Winklevoss twins, think that this is only a start for the world’s largest crypto.

2020-10-25 12:08


Bitmex CEO: Libra Will Destroy Traditional Commercial Banks And PayPal Is Screwed Anyway

Reactions have continued to trail Facebook’s official announcement of its own digital asset called the Libra and its governing body, The Libra Association. Since the announcement was made and its whitepaper released, reactions have been mostly mixed with some applauding the move as a huge win for the cryptocurrency sector because a giant player like […]

2019-7-11 17:24


Is PayPal Reconsidering the Likes of Blockchain and Bitcoin? CFO Explains the Reasons Why

In recent times, news has been flourishing in regards to traditional businesses incorporating the likes of blockchain technology and cryptocurrencies to better their operations. One example of this is the announcement made by the team at PayPal – where the firm revealed earlier in April that they’ve joined a Series A investment in Cambridge Blockchain […]

2019-5-13 22:20