Paypal Launches Business Unit Dedicated To Cryptocurrency
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money into blockchain and digital currencies. Schulman explained: We all know the current financial system is antiquated, and we can envision a future where transactions are completed in seconds, not days; a future where transactions should be less expensive to complete; and a future that enables all....
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After JPMorgan analysts praised bitcoin, saying that the price of the cryptocurrency could triple, JPMorgan reveals that it has set up a dedicated crypto unit and its own cryptocurrency is now being used commercially by a large tech company for the first time. JPMorgan’s Crypto Now Used Commercially Global investment bank and financial services company JPMorgan Chase has set up a dedicated crypto business unit called Onyx with more than 100 staffers, CNBC reported Tuesday. JPMorgan’s announcement came after a team of analysts at the firm’s Global Markets Strategy group....
The public prosecution of the Federal District, located in the center-west region of Brazil, has launched its own cryptocurrency investigation unit. The newly formed unit will focus its activities on aiding other prosecutors in cryptocurrency investigations, and also educating consumers about the safe use of cryptocurrencies.
Cryptocurrency Crimes Unit Launched in Brazil
Cryptocurrency crimes have several traits that make them difficult to detect by traditional intelligence units. This is why some countries have already dedicated part of their budget to building resources to face....
Siemens AG will establish a dedicated business unit under the name, “next47,” to accelerate the development of new technologies, including blockchain applications. The name refers to the company’s founding in 1947. The new unit will combine the independence, speed and agility with Siemens’ financial strength and credibility in serving a global customer base. One of its goals is to address blockchain applications intended to simplify and securitize data transfer in industry and energy trading. €1 billion To Be Invested. Siegfried Russwurm, chief technology officer, said the company will....
The new hires will help PayPal expand its crypto-focused business offering at a time of rapid adoption of Bitcoin and Ether. Global payments provider PayPal is in the process of recruiting for several cryptocurrency-related positions at its Ireland offices, further highlighting the company’s ambitions in the rapidly growing digital asset market. The Dublin-based Irish Independent, one of the country’s most popular news outlets, reported Sunday that PayPal is looking to fill various crypto-focused roles in compliance, anti-money laundering and business development for its Dublin and Dundalk....
NTT Docomo, the largest telecom carrier in Japan, has launched a new division that will be dedicated to directing its metaverse push. The unit, named Qonoq, is already operating and has a staff of 200 people, researching and developing software and hardware solutions directed to integrate extended reality products for customers of the Japanese carrier.
NTT Docomo Gets Into the Metaverse
Telecom companies around the world are interested in the metaverse and the new services this digital world can bring to their customers. NTT Docomo, the biggest wireless telecom carrier in Japan....