PayPal will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.
Fintech company Flutterwave has teamed up with US payments giant PayPal to enable PayPal customers to pay African merchants through its platform, the Africa-focused payments firm said on Tuesday.
Mastercard is planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
Fintech start-up Stripe is in talks to raise a new funding round valuing it higher than its last private valuation of US$36-billion, according to people familiar with the matter.
Bitcoin advocates say this time will be different as the virtual coin surges back to price levels last seen in the wake of the collapse of the cryptocurrency market bubble almost three years ago.
Facebook’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard, Visa, eBay, Stripe and Mercado Pago, abandoned the project.
Two US senate Democrats are urging three payment processing companies to reconsider their involvement with the libra cryptocurrency project envisioned by Facebook and a coalition of other groups.