PayPal Unveils New Crypto Payment Tool Supporting Over 100 Coins
PayPal has taken a major leap into the digital payments future with the launch of a new crypto checkout tool, allowing merchants to accept payments in over 100 cryptocurrencies. The feature, named Pay with Crypto, is part of PayPal’s broader vision to bridge traditional finance and the emerging crypto economy. This new tool allows customers […]
Mesh, Reown Partner to Verify Bitcoin Wallets for Travel Rule
Mesh and Reown have partnered to verify wallet ownership, starting with the Bitcoin ecosystem. Reown (previously WalletConnect) and Mesh, a U.S. fintech company with investors including PayPal Ventures, have partnered to introduce wallet ownership verification for UTXO-based assets, starting with Bitcoin. The wallet ownership feature improves functionality and satisfies the “need to comply with the […]
PayPal Launches Crypto Services for US Businesses
This feature marks a significant advancement in PayPal’s integration of digital assets into its financial ecosystem. With the recent announcement of a significant update to its infrastructure, PayPal has made it possible for merchants in the United States to buy, hold, sell and transfer cryptocurrencies directly from their PayPal business accounts. This new function expands […]
Tether Recruits Head Of Government Affairs From PayPal
Following a three-year tenure at PayPal, Jesse Spiro will assume the role of director of government affairs at Tether, a stablecoin issuer. In his capacity at Tether , Jesse Spiro expressed his intention to collaborate with legislators and industry leaders to foster the ecosystem’s expansion. Tether Onboards Former Paypal Jesse Spiro Tether announced in a […]
PayPal Stablecoin PYUSD Reaches $1B Market Cap
According to CoinMarketCap data, PayPal Stablecoin PYUSD, the US dollar-pegged stablecoin of PayPal, has surpassed $1 billion in market capitalization. Circle’s USDC and Tether’s USDT are PYUSD’s competitors. Paypal stablecoin, PYUSD, introduced in 2023, is issued by Paxos Trust Company, a US-regulated crypto custodian, and is supported by US dollars 1:1. It competes with other […]