Digital payments major PayPal on Thursday said the technological shift brought in by blockchain and cryptocurrency can help democratise financial services and bring in greater financial inclusion. PayPal EVP and Chief Technology Officer Sri Shivananda said the infrastructure being built by the company will not only support digital currencies, but the intent over time is to also support all of …
Bitcoin’s rally above $15,000 has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic. “The migration toward digital payments and digital representations of value continues to accelerate, driven by the Covid-19 pandemic and the increased interest in digital currencies from central banks and consumers,” the company said. …
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 …
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. …