PayPal releases new consumer app for crypto, savings and direct deposits
The app offers customers the ability to manage all PayPal-related transactions from a single dashboard. PayPal has announced the release of a new app billed to be a one-stop-shop for all of the digital payment needs of the company’s customers.As previously reported by Cointelegraph, PayPal CEO Dan Schulman stated back in July that the company’s super app was ready for a rollout in the United States.According to a release issued on Tuesday, the new PayPal app will enable users to access all of the company’s digital financial products.The new app covers both crypto and non-crypto use cases....
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Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states that Binance did not adapt to provide the new KYC information required by Brazil’s central bank.
Binance Stops Real Related Movements
Binance stopped real-based direct deposits and withdrawals in Brazil this week as a result of a change in its secondary payments provider. The....
The Bitcoin firm BitGold, which is a Canadian international savings and payments service, that enables individuals and businesses to transact with physical gold, has announced that it has successfully created a direct link with nine of America's biggest banks. The firm also announced that it has successfully activated a "secure and direct link through a proprietary authorization with Chase, Bank of America, Wells Fargo, Citi, US Bank, USAA, Fidelity, Charles Schwab, Capital One and even American Express" which enables a user to verify his identity and authorize his account to purchase or....
Dan Schulman said the project was already "code complete" and planned to be fully ramped in the United States in the next several months. Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform. During PayPal’s Q2 2021 investor update call today, CEO Dan Schulman said the initial version of the company’s super app wallet was “code complete.” The PayPal president said the company planned for the wallet to be fully ramped in the United States in the next several months.The super app wallet will feature high....
PayPal has been fined $10 million for engaging in deceptive practices. The crux of their deception was enrolling customers into a credit program without their consent, creating a situation where people were on the hook for credit they'd never asked for. As you know, any credit program can have an effect on your credit score. The action was carried out by the Consumer Financial Protection Bureau, an agency created in 2011 for the express purpose of monitoring financial practices at the consumer level. CFPB Director Rich Cordray said in a statement: The Bureau alleges that PayPal lured in....
Customers will have the option to deposit "as much or as little" of their paychecks as they want in the feature rolling out in the next few weeks. Coinbase will soon allow United States businesses to deposit employees’ paychecks directly into accounts at the cryptocurrency exchange.In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or....