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Articles for Paypal, search results for network

Trump picks ex-PayPal executive David Sacks as White House's AI, crypto czar
2 weeks, 5 days ago

Trump picks ex-PayPal executive David Sacks as White House's AI, crypto czar

India Today  

US President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his "White House AI & Crypto Czar," another step towards overhauling US policy. Trump's tech backers generally want to see minimal regulation around artificial intelligence and cryptocurrencies such as bitcoin, saying Washington would throttle growing innovative sectors with excessive rules. Trump - …

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Justice Department sues Visa, alleging it has a monopoly in debit card markets
3 months ago

Justice Department sues Visa, alleging it has a monopoly in debit card markets

LA Times  

The logo for Visa appears above a trading post on the floor of the New York Stock Exchange in 2018. The U.S. Justice Department sued Visa Inc. on Tuesday, alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the financial services industry. In its agreements with merchants, the Justice …

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PayPal launches a stablecoin in latest crypto payments push
1 year, 4 months ago

PayPal launches a stablecoin in latest crypto payments push

Hindustan Times  

PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal USD is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based payments company said on Monday. With …

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PayPal to open up network to cryptocurrencies
4 years, 2 months ago

PayPal to open up network to cryptocurrencies

The Hindu  

PayPal Holdings Inc said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network. The new service makes PayPal one of the largest U.S. companies to provide consumers access to cryptocurrencies, which could help bitcoin and rival cryptocurrencies gain wider adoption …

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Bitcoin surges, scales new peakBitcoin surges, scales new peak
4 years, 2 months ago

Bitcoin surges, scales new peakBitcoin surges, scales new peak

Live Mint  

B itcoin surged to almost $13,000 for the first time since July 2019 after PayPal Holdings Inc. announced it will allow customers to use cryptocurrencies. PayPal customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as using the virtual money to shop at the 26 million merchants on its network. …

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