CEO says PayPal’s crypto commerce may reach $200M volume in just months
Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” event sheds light on the future of Bitcoin for large corporations. As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future. Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate,” an online event that took place on April 13. During a fireside chat with Michael del Castillo, associate editor at....
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In an interview for TIME magazine, PayPal’s CEO Dan Schulman talked about the payment processor expansion of its crypto service. The executive expects a transformation of e-commerce into a personalized experience and “contextual” purchases driven by social media platforms. Bitcoin could spear point such a change and take it to the entire financial system. Schulman […]
Daily crypto volume on payments giant PayPal have surged to record highs above $240 million. Global payments provider PayPal has doubled its previous crypto volume record, with $242 million worth of digital assets changing hands on the platform during Jan. 11.According to crypto market data aggregator Nomics, yesterday’s trading dwarfed PayPal’s previous volume record of $129 million recorded on Jan. 6. Since Jan. 1, daily volume has increased by 950% from $22.8.With the spike in PayPal’s volume coming amid Bitcoin’s rally into new all-time highs, the U.S.-based payments firm appears to be....
Insights from PayPal’s first quarterly earnings report since launching crypto services.
Payments giant PayPal has announced the appointment of founder and CEO of bitcoin startup Xapo, Wences Casares, to its board of directors. In an official release today, PayPal described Casares as a “recognized next-generation payment and crypto-currency thought leader,” who will serve on PayPal’s Compensation Committee. PayPal’s press release also references bitcoin explicitly, stating Casares’ Xapo as “a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card or store them in Xapo’s....
NFT trading volume had seen a wild uptick back in the bull runs of 2021. By the start of 2022, the market had begun to reach its peak as interest blossomed. However, after hitting an all-time high in January of 2022, the volume had begun to dwindle. The following months would see lower values and […]