PayPal Holdings joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the US digital payments company’s online wallets.
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The Covid-19 pandemic has accelerated the adoption of e-commerce in a way no company could have imagined. Investors will find no shortage of newly energised investment opportunities. By Gerrit Smit.
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.
PayPal has pulled out of the Libra Association, a blow to Facebook’s efforts to develop a digital currency.
Four payments companies that have joined Facebook as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project.
Visa, Mastercard and PayPal may have boosted the single, greatest risk they face – that of tougher regulation – by becoming early backers for Facebook’s new digital money, called libra.
Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphones.
Online spending in South Africa is expected to reach R53bn by next year, from R37,1bn in the past 12 months, according to new research commissioned by PayPal and conducted by Ipsos. It’s the third time the companies have done the research
Few tech workers come from the seven countries affected by US President Donald Trump’s entry ban. But the 97 US companies, most of them from the tech sector, that lent their support to the State of Washington’s lawsuit aiming to block