PayPal says its crypto efforts are producing 'really great results' on earnin...
PayPal’s CEO believes crypto assets are forging a more equitable and inclusive financial system. During PayPal's Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a driving force in forging “a more equitable financial system.”Following the success of PayPal’s move to embrace crypto assets, much of the call centered around the firm’s recent and future plans for digital assets.“We believe the current technological underpinnings of our financial....
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The CEO of Paypal has revealed that the company’s cryptocurrency business is showing “really great results.” The first quarter was Paypal’s best quarter ever overall and the strongest year in the history of the company, the CEO emphasized. Paypal Sees ‘Really Great Results’ in Its Crypto Efforts Payments giant Paypal reported its first-quarter earnings Wednesday. During the company’s earnings call, President and CEO Dan Schulman said his company “generated $6.033 billion of revenue in Q1, growing a record 31% spot and 29% on an FXN....
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,....
For now, PayPal's crypto payments are more about satisfying regulators than providing users with crypto capabilities. Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States, where PayPal also became the first recipient of the New York Department of Financial Services' (NYDFS) conditional Bitlicense, a program that the regulator announced this past summer. The devil in the detailsWhile the news is huge for crypto, PayPal will be under intense scrutiny. The nature of the conditional....
As previously reported on CCN, PayPal has taken steps forward to endorse Bitcoin as a form of online payments, and the integration of Bitcoin into PayPal's payments services is going forward. Since PayPal and Bitcoin are global services, how Bitcoin is treated internationally is of great import to PayPal. Australia has a love-hate relationship going with Bitcoin at this very moment, and government officials seem somewhat confused on how to handle the most sophisticated form of funds transfer extant. The Australian Senate is still looking at Bitcoin, and many with a vested interest have....
You probably know Shiloh Silverman as the guy who made the viral Paypal Bitcoin parody of Paypal’s “New Money” Super Bowl commercial. Now, we are proud to announce that Shiloh has joined the Bitcoin.com team, and will be producing high-quality videos for our visitors to enjoy. Shiloh made his Paypal parody in response to the claim in the company’s....