PayPal Receives Subpoenas from SEC over PYUSD Stablecoin
After launching its stablecoin in August, PayPal became the first major fintech firm to adopt digital currencies for payments and transfers. PayPal Holdings, a worldwide payments firm expanding into the crypto space, has received a subpoena from the Securities and Exchange Commission (SEC) involving its US dollar stablecoin PayPal USD (PYUSD). The SEC maintains a […]
PayPal Allows US Users to Trade Cryptocurrencies via MetaMask
PayPal integrates new methods for selling Bitcoin and other cryptocurrencies as it expands its digital asset services. PayPal continues to extend its digital asset services, integrating new ways to sell Bitcoin and other cryptocurrencies. On September 11, PayPal introduced new on and off routes for Web3 payments , enabling users in the United States to […]
Kraken Introduces Support for PayPal’s Stablecoin, PYUSD
Kraken announced on August 18 that it had added support for PayPal’s stablecoin, also known as PayPal USD or PYUSD. PayPal’s stablecoin, PayPal (PYUSD), will start trading on the cryptocurrency exchange Kraken on August 21, further establishing the stablecoin’s expanding market share. With the restriction that all transactions must be limited to the Ethereum blockchain […]
Ledger, PayPal Partner to Simplify Crypto Transactions
Hardware wallet maker Ledger has announced a strategic on-ramp integration with payment processor PayPal. Users of Ledger Live can buy cryptocurrency with fiat and send it straight to their Ledger cold wallets. Ledger underlined their collaborative goal of providing the larger crypto community with a safe and practical platform to acquire different crypto assets, including […]
PayPal UK to Temporarily Stop Bitcoin Purchases Till 2024
PayPal United Kingdom will temporarily halt crypto purchases on its platform from Oct. 1, 2023, through early 2024 to comply with local financial regulations. PayPal is temporarily suspending the ability for its U.K. customers to purchase cryptocurrencies such as Bitcoin, the company told Cointelegraph on August 16. “PayPal customers who currently hold cryptocurrency can store […]