PayPal

Thailand's oldest bank Siam Commercial Bank (SCB), has launched a $50 million fund for blockchain, DeFi, and Digital Startups. This development is expected to contribute to the growth of startups in Thailand.  $50 Million Digital Fund Siam Commercial Bank revealed today that venture arm SCB 10X would execute the $50 million funds. SCB 10X will select startups in these sectors and participate in seed and incubate projects.  SCB 10X has experience investing in companies within the cryptocurrency niche. The venture-fund…

Payment processing giant Visa has announced that it is working on a crypto API program that will enable banks to offer cryptocurrency services. This was revealed in a press release on Wednesday and could herald a new era for the payment company.  Major Step Towards Crypto Integration  Visa has partnered with First Boulevard, a Kansas-based digital bank, to pilot the crypto API program. Bitcoin and crypto custodian Anchorage will hold the bitcoin and cryptocurrencies on behalf of Visa clients. The…

PayPal Holdings Inc shares were advancing recently after a sell-side analyst took a bullish stance on the payments stock. Mark Palmer, the BTIG analyst, said that the rising shift toward digital payments due to the pandemic has possibly hastened PayPal's long-term growth trajectory. In October, the company announced that its 333 million active users would buy, sell and hold Bitcoin and other cryptos with their digital wallets. Palmer elevated PayPal from Neutral to Buy with a $300 price target calling…

With investors losing faith in fiat currencies and traditional payment systems, many argue that cryptocurrency, particularly bitcoin, is a viable replacement, and it has changed the concept of money.  Some companies worldwide are already accepting crypto payments. Even PayPal has integrated cryptocurrencies like Bitcoin and Ethereum into its payment network and is set to allow customers to use them for purchases later this year, a move that could foster mass adoption.  Crypto Not A Proper Currency However, Paul Donovan, chief…

Not long ago, PayPal entered the cryptocurrency market by integrating bitcoin and other major crypto assets on its payment platform.  The leading payment processor announced last month that it would allow its users to buy and sell cryptocurrencies from their PayPal accounts. The company also plans to allow its users to make payments from their crypto accounts across over  26 million merchants globally.  PayPal's Censorship The crypto industry saw it as a massive development as it promises to expose cryptocurrencies…

The push toward the mass adoption of cryptos continues to gain momentum. Governments and prominent business leaders who had reservations about their adoption are warming up to the industry now. It's easy to see why these developments cause so much excitement. These stakeholders influence significant populations in their areas of operation. Consequently, their endorsement of crypto transactions is a massive shot in the arm for the efforts geared toward their mainstreaming. PayPal is the latest major player in the crypto…

With Bitcoin blasting through the $16,000 price level today for the first time since 2017, the cryptocurrency market could welcome more FOMO investors following's PayPal's latest announcement.  The American payment processing giant, PayPal, announced Thursday that it had ended the waitlist for its cryptocurrency trading service. In other words, the company will now allow U.S. customers to buy, sell, and HODL bitcoin and other cryptocurrencies directly on their PayPal accounts.  Recall that PayPal initially unveiled the new service last month…

PayPal is among the biggest online transaction platforms globally, completing 315 million USD worth of transactions every day. The platform receives praise mainly because of its usability and convenience, allowing everyone to enjoy the service. Among the key attributes that bolster its adoption is the ease of signing up; a user fills in a few details, then they open an account and start transacting. Recently PayPal announced that it's going to introduce cryptocurrency support in its platform starting 2021.  The…

PayPal's bullish move to add bitcoin and other cryptocurrencies to its payment network was undoubtedly one of the many big news in the crypto industry this year. In the meantime, PayPal users can only buy and sell bitcoin, ethereum, bitcoin cash, and litecoin. Still, they won't be able to perform any internal or external transfer to other users. This will change soon as the payment company has bigger plans for crypto.  PayPal Users Eager to Access Crypto Revealing details about…