Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and O...

Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and O...

Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans, Details of ‘Super App’ Paypal CEO Dan Schulman talked about his company’s crypto plans and the progress of the upcoming “super app” during....


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Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, ...

Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO Dan Schulman provided new details of the company’s new cryptocurrency service during the Q3 2020 earnings call on Monday. Paypal recently announced that its customers will be able to buy, hold, and sell cryptocurrencies, including bitcoin, directly from their Paypal accounts. Cryptocurrencies in....

Paypal to Expand Its Crypto Services Offering to the UK

Paypal’s cryptocurrency services are coming to the United Kingdom, as the digital payments giant is now targeting non-U.S. countries. Buy, sell and hold digital asset products could be available for Paypal’s U.K. customers in “a number of months.” Results With the Paypal Crypto Services Have ‘Exceeded’ Expectations in the US During Paypal’s Investor Day 2021 event, Jonathan Auerbach, executive chief strategy and growth officer at the digital payments firm, unveiled plans of deploying the crypto services in the region. According to the executive,....

PayPal expanding crypto services to U.K. residents

CEO Dan Schulman said last week the company would add crypto buying, selling, and custody features to "Venmo and select international markets" in 2021. Residents of the United Kingdom will be the first people outside of the U.S. who are able to use PayPal for buying and selling crypto. According to journalist Carl Quintanilla, the payments platform is planning to expand its crypto offerings to the U.K. in the coming months. PayPal also plans to make crypto available for Venmo wallet holders before the end of Q2 2021. Other non-crypto services include expanding Venmo internationally before....

PayPal set to launch crypto trading in the UK and may embrace DeFi

The global payments platform wants to let British customers trade crypto on its new “super app”. Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services.According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading for the period. CEO Dan Schulman stated that the U.K. is likely to be the next country where crypto trading is offered.“Yeah, well, we continue to be really pleased with the momentum we're seeing on crypto. […] We're going to launch, hopefully,....

Video: PayPal Shuts down Bitcoin Parody of Its Super Bowl Commercial

PayPal has put the brakes on a bitcoin-based parody of its Super Bowl commercial that surfaced on YouTube not long after the original advert’s primetime bow. A reimagined version of PayPal’s Super Bowl advert that was published on YouTube has been pulled from the video-sharing platform at the behest of PayPal. PayPal’s commercial proclaims the company’s position as “New Money”, compared to old-fangled “Old Money” such as paper currencies and banking institutions that close before the sight of dusk. Shiloh Silverman, an individual who runs a video production house called Silver Park Studio....