PayPal might issue its own cryptocurrency soon, says CoinShares exec
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec.Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its soon-to-come support for crypto..In an Oct. 21 interview with CNBC’s Fast Money, Demirors claimed that PayPal’s supporting crypto could eventually become a basis for....
Related News
The FCA covered everything it could with the ban, CoinShares' Townsend Lansing says. Following the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cointelegraph.Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs. Unlike exchange-traded funds, ETNs do not necessarily own the underlying asset and are instead a way of tracking the returns of a particular index. When they mature, holders pay or receive the difference between....
PayPal chief compliance officer (CCO) Jean-Baptiste Graftieaux has revealed that he has left his current position at the global payments giant to join one of the largest bitcoin exchanges by USD trading volume, Bitstamp. Graftieaux served as a director and CCO of PayPal's Europe, Middle East and Africa (EMEA) division for more than five years, starting in January 2009. Prior to joining PayPal, Graftieaux was also a CCO at online ticket marketplace StubHub. Today was Graftieaux's final day at PayPal. Speaking to CoinDesk, Graftieaux framed his latest endeavor as one that allows him to....
CoinShares' pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers.The decision comes almost exactly one year after the regulator first proposed banning these products. In a statement released by the FCA, the regulators claim that cryptocurrency derivatives are “ill-suited for retail consumers due to the harm they....
Earlier this fall, Gem launched as the first Bitcoin startup to ever compete in the TechCrunch Disrupt Battlefield, presenting a full-stack API for digital currency developers that will eliminate the pain of building Bitcoin security infrastructure into apps. Gem is building a platform that makes turnkey Bitcoin transaction security possible, letting users pass money around in Bitcoin form without risk. You can see the demo video from the TechCrunch Disrupt event here. “[T]he biggest security issue facing Bitcoin in the coming months is really adoption of these new security solutions.”
There's no denying that, when it comes to online payments, PayPal is still king these days. However, bitcoin offers several advantages over this online payment method that could eventually allow the cryptocurrency to establish dominance. Is it really possible? Perhaps one big thing going for PayPal is that it hasn't really been heavily linked to illegal dealings the way bitcoin did with Silk Road. This sets bitcoin back by a number of notches, as the cryptocurrency has to prove its legitimacy and security before gaining mainstream adoption. Competition from Bitcoin. But while PayPal has....