PayPal is Introducing Cryptocurrency Transfers for Venmo Users
PayPal is now allowing more than 60 million Venmo customers in the US to transfer crypto between its platform and other wallets. According to a press release issued by Paypal on April 28, the feature will be made accessible to Venmo users over the next few weeks, starting in May 2023. The four crypto assets […]
PayPal co-leads $20M seed funding round for Chaos Labs
Galaxy investment management firm and payments giant PayPal have co-led a $20 million early financing for Chaos Labs, a New York-based cloud platform for safeguarding blockchains and protocols. Chaos Labs guards against dangers and external attacks for cryptographic protocols via an automated risk management platform. By providing agent- and scenario-based simulations, the platform assists in […]
Bitstamp Now Supports Apple Pay, Google Pay, and PayPal
Bitstamp, which is the biggest cryptocurrency exchange in Europe and was recently named the best-centralized cryptocurrency exchange (CEX) in the world by CryptoCompare’s Exchange Benchmark report, now accepts PayPal (NASDAQ: PYPL), Apple Pay, and Google Pay wallets. According to Invezz, Bitstamp added support for Shiba Inu (SHIB) for its non-US customers in June of this […]
PayPal retracts misinformation clause in Acceptable Use Policy
Despite the retraction from Paypal, the crypto community argued the policy shows why decentralization and self-custody are crucial. PayPal, an online payment network, has backtracked on a contentious policy that could have resulted in customers being fined $2,500 for disseminating “misinformation,” stating the policy update was made “in error.” The now-retracted disinformation section in PayPal’s […]
Paypal joins TRUST network
In order to comply with the digital assets “travel rule“, financial payment company Paypal has stepped up its regulatory compliance by joining the Travel Rule Universal Solution Technology (TRUST). With the addition of the crypto-friendly digital payments behemoth Paypal to the Travel Rule Universal Solution Technology (TRUST) network, a number of well-known crypto companies have […]