The crypto-friendly payments giant has a new CEO
It is worth noting that the new CEO oversaw the acquisition of Mailchimp in September 2021, which was a gargantuan $12 billion deal. His focus on small and medium-sized businesses will allow PayPal to fulfill its growth ambitions, according to board members, Faber adds. presided over
the company's crypto push. After initially allowing customers to buy, sell and hold a slew of cryptocurrencies in October 2020 and later making it possible to pay with crypto at millions of merchants worldwide, the company then rolled out its own dollar-pegged stablecoin
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on EthereumJUST IN: Global payments giant PayPal is launching its own dollar-pegged stablecoin. By shauryamalwa
Read more »
PayPal Introduces Dollar-Pegged Stablecoin for Crypto TransactionsPayPal has announced the launch of its new stablecoin, PayPal USD, which is built on Ethereum and fully backed by US dollar deposits. The stablecoin can be used for making purchases, sending money, and converting between other supported cryptocurrencies.
Read more »
PayPal launches dollar-backed stablecoin issued by Paxos: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Brent Xu, the founder and CEO at Umee, discusses the price movement of altcoins as regulatory uncertainty has weighed on investors this year. He also provides his outlook for these cryptocurrencies.
Read more »
Crypto News Today: PayPal's Stablecoin Debut, Worldcoin's Kenyan Hurdles, and MoreFrom PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.
Read more »
PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner PaxosPaxos head of strategy Walter Hessert states that PayPal's regulated stablecoin, PYUSD, is a significant development in the crypto space as it is the first stablecoin to be overseen by a regulator. Additionally, customers' assets are protected against bankruptcy.
Read more »
PayPal Launches Digital Token to Capture Crypto PaymentsPayPal becomes the first major U.S. financial institution to introduce its own stablecoin, following the success of allowing users to buy and transact with various cryptocurrencies. The company aims to enable customers to use its stablecoin for online game payments, Web3 applications, and international transactions.
Read more »