November 16, 2024 at 02:40 PM GST updated: November 16, 2024 at 02:38 PM 2 mins read News Thumzup Media invests $1 million in Bitcoin to strengthen its treasury reserves and ensure future stability. CEO Robert Steele cites Bitcoin’s demand and inflation protection as key reasons for the investment. Thumzup’s move aligns with the growing…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 PayPal’s U.S. dollar-backed stablecoin, PayPal USD (PYUSD), has now integrated with LayerZero’s cross-blockchain bridging protocol. This development allows PYUSD holders to transfer assets between the Ethereum and Solana blockchains seamlessly. The integration leverages LayerZero’s Omnichain Fungible Token (OFT) Standard, which lets users manage assets without relying on centralized platforms…
Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a…
PayPal Holdings (PYPL) is currently on the rise after declining more than 80% from its 2021 high. Today, PayPal is trading like a leading stock again, outperforming the broad market and forming a technical bull pattern on the chart. Despite plenty of competition in the payment industry, recent innovations by PYPL have driven it to…
Major financial giants back stablecoin adoption. Visa and PayPal leaders voiced strong support at DC Fintech Week, stressing how stablecoins can change global payments. At the same event, Chainlink and Swift shared news of their blockchain breakthrough. Also Read: Michael Saylor’s Bold U-Turn: Embracing Self-Custody Amid Backlash How Visa and PayPal’s Stablecoin Adoption is Driving…
Stablecoin giants like USDT and USDC continue to strengthen their hold on the market, expanding their dominance and market share. However, a new contender is making waves – PayPal’s PYUSD. While still relatively smaller, this emerging stablecoin is gaining momentum, signaling a potential shift, as per recent data. Stablecoin Power Shift? According to a report…
The collaboration of PayPal and Venmo with MoonPay is speculated to take the user interactivity with virtual currencies to the next level. One of the strategies of PayPal is to make crypto accessible to average people and the recent step is a part to taking its strategy forward. PayPal has set an example for many…
October 18, 2024 at 10:20 AM GST updated: October 18, 2024 at 10:18 AM 2 mins read News PayPal partners with MoonPay, allowing Venmo users to buy crypto directly using their account balance. Venmo users can now purchase Bitcoin, Ethereum, and more through a simple, seamless MoonPay integration. PayPal expands crypto access by removing the…
Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option is unavailable in New York and Texas, continuing Paypal’s push into…
PayPal PYUSD stablecoin is changing how businesses pay each other. The company just made its first corporate payment using PYUSD. This shows how digital currencies can make business transactions easier, especially across borders. Also Read: Solana-Based Popcat Hits New All-Time High: $2 Next? Unlocking Corporate Payment Potential with PayPal PYUSD Stablecoin and Ernst & Young…
Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first…
PayPal has expanded its crypto services for U.S. merchants, allowing transactions directly from business accounts. Litecoin’s adoption grows with companies like MoneyGram and AMC integrating cryptocurrency payment options. Recently, Litecoin tweeted that PayPal has expanded its crypto services for US business accounts, enabling merchants to purchase, retain, sell, and trade Bitcoin, Ethereum, Litecoin, and their…
OKX exchange has opened the deposits of PayPal’s PayPal USD stablecoin. PayPal USD (PYUSD) is the sixth largest stablecoin in the market. The cryptocurrency market has seen a spur of activity in the last 24 hours. While the Uptober bull run has not begun yet, prices have declined. Meanwhile, cryptocurrency firm Ripple has reaffirmed its…
OKX has announced that PayPal’s USD-pegged PYUSD stablecoin will be listed for trading on its platform starting today, Oct. 3. The exchange stated that call auctions for PYUSD will run from 11 A.M. to 12 P.M. UTC, with spot trading commencing immediately after. However, users will not be able to withdraw the stablecoin until 10…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 MoonPay, a leading crypto payment infrastructure provider, has officially integrated PayPal USD (PYUSD), the dollar-denominated stablecoin, into its platform. The payment platform revealed that users in supported countries can now purchase the stablecoin through MoonPay using major payment methods. Although Canada is excluded from this offering. Adding PYUSD broadens…
Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in digital currencies, including the launch of Paypal USD (PYUSD) and its integration with…
PayPal enables US business accounts to buy, hold and cell crypto. Service will initially be unavailable to users in New York State. PayPal has expanded the feature that allows consumers to buy, hold and sell cryptocurrencies in the US to business accounts. In an announcement on Sept. 25, PayPal said clients with businesses across the…
September 26, 2024 at 11:20 AM GST 2 mins read News PayPal now allows U.S. business clients to buy, hold, sell, and transfer cryptocurrencies on-chain, excluding New York State. Business demand for crypto services led PayPal to expand its offerings, matching features available to retail users since 2020. PayPal’s U.S. dollar-backed stablecoin, PYUSD, is now…
PayPal has officially enabled businesses in the United States to buy, sell, and hold cryptocurrency. Business merchants will now be able to execute various crypto transactions directly from their PayPal business accounts. The functionally is now available in 49 of the 50 states, only excluding New York. The move marks yet another step into the…
One of Ethereum’s biggest problems is scalability, which becomes apparent in high-traffic conditions. Fernandez pointed out that the required network should be able to handle at least 1000 transactions per second, which Ethereum failed to achieve. Solana had the features that PayPal required in terms of speed and the ability to integrate efficiently into an…
Tether, the largest stablecoin in the world, announced on Friday that Jesse Spiro has been appointed head of government affairs. In this capacity, Spiro will oversee policy and engagement initiatives with legislators, regulators, and important stakeholders. According to a company blog post, Spiro has over six years of expertise in government and regulatory affairs. Spiro’s…
September 12, 2024 at 07:28 PM GST updated: September 12, 2024 at 03:10 PM 2 mins read News ENS integration with PayPal and Venmo simplifies crypto transfers by using readable names instead of lengthy wallet addresses. The ENS token surged 7.5% to $17.8 following its integration with major payment platforms, reflecting positive market sentiment. Users…
September 12, 2024 at 08:00 AM GST updated: September 11, 2024 at 12:38 PM 2 mins read News Cryptocurrency payments are becoming a staple in modern finance, and the right platform can make all the difference. Explore how BitPay, CoinsPaid, Stripe, Coinbase, and PayPal are revolutionizing the way we handle digital transactions with ease and…
According to the latest report, PayPal and Venmo have integrated Ethereum Name Service (ENS) to simplify users’ crypto management processes. The new feature will only be available to users based in the United States. The organization responsible for Ethereum Name Services (ENS), ENS Labs, has announced a strategic integration with PayPal, an American multinational financial…
Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that…
Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that…
September 11, 2024 at 01:15 AM GST updated: September 10, 2024 at 11:54 PM 2 mins read News PayPal and Venmo now support ENS usernames for crypto transfers, simplifying payments with “username.eth” instead of complex addresses. PayPal’s PYUSD stablecoin saw a 17% market cap drop by Sept. 2023, mainly on Solana, after initially surpassing $1…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 American multinational financial technology corporations PayPal and Venmo, a leading peer-to-peer payment platform, have taken a significant step towards simplifying cryptocurrency transactions. According to a press release, PayPal and Venmo have incorporated the Ethereum Name Service (ENS) into their payment platforms. Benefits of PayPal and Venmo Integration The Ethereum…
PayPal and Venmo integrate ENS to simplify crypto transactions with .eth names. PayPal has been expanding its web3 efforts and enhancing crypto services since 2020. However, PayPal’s stablecoin, PYUSD, has seen a significant market cap drop, mainly on Solana’s network. PayPal and Venmo have introduced support for Ethereum Name Service (ENS) domain names. This new…
Crypto.com integrates PayPal for US users to simplify crypto purchases. The partnership allows seamless transfers and topping up Crypto.com Visa Cards. The PayPal feature on Crypto.com is currently only available in the US but is expected to expand to more markets in future. Crypto.com has announced a strategic partnership with PayPal, further expanding its offerings…
com integrates PayPal for US users to simplify crypto purchases. The partnership allows seamless transfers and topping up Crypto.com Visa Cards. The PayPal feature on Crypto.com is currently only available in the US but is expected to expand to more markets in future. Crypto.com has announced a strategic partnership with PayPal, further expanding its offerings…
Crypto trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to buy cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. “Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Crypto.com’s president. Crypto.com Integrates Paypal for Crypto Purchases Cryptocurrency trading platform Crypto.com announced on Wednesday…
In a landmark moment for the digital payment firm’s crypto venture, PayPal’s PYUSD stablecoin has officially reached a $1 billion market cap. Indeed, its surge in value is attributed by some to its expansion onto the Solana network. After starting off slow, its move saw a massive activity boost. The stablecoin debuted in 2023 as…
August 27, 2024 at 08:35 AM GST 2 mins read News PYUSD sees 271% growth on Solana, which accounts for 88% of its adoption and 64% of its market share, surpassing Ethereum. Solana’s low transaction costs and instant settlements make it a key driver of PYUSD’s growing adoption in decentralized finance. Solana’s token extensions provide…
Stablecoins have reached an all-time high market cap of $169.57 billion following nearly a year of uninterrupted growth. Leading assets such as Tether’s USDT and Circle’s USDC have seen a significant resurgence this year, in addition to a newcomer. Stablecoin Market Cap Surge Data compiled by DefiLlama revealed that this is the highest market cap…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Anchorage Digitals, a reputable crypto platform for institutions, has recently joined hands with PayPal, a fintech firm, to introduce its inaugural stablecoin rewards initiative. This program aims to boost institutional acceptance of PayPal’s stablecoin (PYUSD) and connect traditional finance with the digital asset ecosystem. Drive Behind PYUSD Reward Program…
August 23, 2024 at 06:17 PM GST updated: August 23, 2024 at 01:11 PM 2 mins read News PayPal partners with Anchorage Digital to offer PYUSD holders interest rewards, boosting adoption amid regulatory challenges. PYUSD expands beyond Ethereum to Solana, enhancing transaction speed and utility for merchants worldwide. PayPal’s Xoom adds PYUSD for fee-free international…
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital…
Since it is only available to institutional investors, it does not constitute a securities offering. The program’s incentives are structured such that they are not subject to oversight by U.S authorities. Holders of PayPal’s dollar-pegged PYUSD stablecoin will be eligible for an interest rewards program. Which is an advancement in the company’s stablecoin effort. The…
Anchorage Digital, a federally-chartered crypto bank, has added support for rewards for holders of the stablecoin PayPal USD (PYUSD). PYUSD holders can earn the rewards by custodying their tokens with Anchorage Digital, or through the Porto wallet. Anchorage Digital has introduced a stablecoin rewards program, allowing holders of the PayPal USD (PYUSD) stablecoin to earn…
Anchorage Digital, a leading institutional-grade crypto platform, has launched a reward program for institutional investors holding PYUSD on its platform or in its self-custody wallet Porto, according to an Aug. 22 statement. The company announced that institutions using its services or Porto can now earn “competitive rewards” on their PYUSD holdings. Unlike other reward programs…
Market News The business outlined their strategy to repay creditors via PayPal’s Hyperwallet service. The cryptocurrency lender is attempting to sidestep any complications or setbacks. Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for…
It has just achieved a new milestone, becoming the sixth-largest dollar-pegged token. Now PYUSD is officially ahead of USDD, Tron’s stablecoin. The cryptocurrency market is mired in neutral sentiment, with only little rebounds sprinkled. The market leader in cryptocurrencies, Bitcoin, has increased its value by about 2% since yesterday, eyeing the $60,000 mark. Nevertheless, today’s…