Report: Crypto, PayPal, And Banks Use To Finance Terrorism, Only One Can Make...
According to a report published by Europol, crypto is one of the main tools used by individuals linked to terrorism financing. PayPal, MoneyGram, Western Union, and traditional banks also made the list, contrary to what some government officials have said about digital assets. Related Reading: Poolin Mining Pool Freezes BTC and ETH Withdrawals, Cites Liquidity […]
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The largest crypto exchange Binance announced that it will be converting stablecoin USD Coin (USDC), Pax Dollar, and True USD into its native stablecoin BUSD. This sparked a debate in the crypto community as many started speculating about the reasons behind this measure. Related Reading: Report: Crypto, PayPal, And Banks Use To Finance Terrorism, Only […]
Paypal or Bitcoin? Or Both? The diaspora of arguments touting Bitcoin's superiority over Paypal is endless. There are economic incentives for buyers and sellers, large and small, to use Bitcoin vs Paypal. Simultaneously, there are still infrastructure gaps that may prevent the efficient use of Bitcoin over Paypal at this time. Today, I will focus on why I (me, me, me), and by extension why you, should use Bitcoin instead of Paypal. Centralized Vs. Decentralized. Any Paypal user, whether a buyer or a seller, will at some point run into issues with Paypal's centralized structure. For....
"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism," Yellen said.
A recent report on the evolution of fintech calls Blockchain technology as the trump card with a potential to change the way financial systems work today. Since Bitcoin became popular, it has been hailed as the revolutionary technology that is going to change the financial landscape of the world. While it is true, the role of Bitcoin may not be any bigger than the contributions of ATMs and PayPal. The evolution of Fintech has been a gradual process starting as early as 1970’s. A recent report published by Business Insider Intelligence states that it is an ongoing process and the impact can....
PayPal's embrace of crypto brings a potential 345 million people into the ecosystem. But where banks go, regulators follow.