As part of the rise in digital payments, PayPal Holdings has jumped into the cryptocurrency business and will now allow customers to buy, hold and sell cryptocurrency directly from their PayPal accounts, according to a Wednesday (Oct. 21) press release. The company added that it plans...
Federal Reserve Board Chair Jerome Powell sounded a cautionary note on Monday (Oct. 19) on the bank’s potential rollout of a digital currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The push by central banks across the world to develop digital currencies could have some significant downsides as well, warns a new report by the International Monetary Fund (IMF). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cryptocurrency companies including exchange operator Plutus linked deals with purchases made in Amazon’s Prime Day, which just took place Oct. 13 and 14, crypto news site NewsBTC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Libra Association, the Facebook-backed stablecoin project, has named former HSBC executive Ian Jenkins as chief financial officer (CFO) and chief risk officer (CRO) of Libra Networks, Libra announced on Thursday (Oct. 15). Libra Networks is a subsidiary of the Libra Association and will manage Libra’s payments...
Latin American cryptocurrency company Ripio will work with global FinTech firm Circle, using the latter’s platform to support USD Coin (USDC) liquidity, according to a press release emailed to PYMNTS. It will also work to fund flows across Circle’s exchange and wallet products. Get the...
Not all that long ago, bitcoin was shorthand for cryptocurrencies, and crypto was shorthand for speculation, for a “Wild West” of lightly regulated coins and tokens whose main functions seemed to be making and losing fortunes in a single trade – and paying for purchases...
Facebook’s proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct. 12). Get the Full Story Complete the form to...
The idea that digital fiat will replace coins and bills may be conventional wisdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
