BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.
With PayPal being a CBDC distributor, more customers would be interested in its products, especially those related to crypto.
CEO Dan Schulman noted that the volume of crypto transactions on PayPal exceeded expectations.
The announcement from the European fintech giant comes as a surprise to many as Adyen once allowed its clients to accept bitcoin as a payment option but has now revealed they longer support the cryptocurrency.
One of the hallmarks of the achievement of the cLabs, the development arm of Celo, is the launch of the Valora app, the first mobile peer-to-peer payments and remittance app built on the Celo platform.
It is not yet clear which currencies the payments giant will add to its network. By now, Mastercard bets on stablecoins.
The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months.
Revealing plans for 2021, PayPal said its “Buy, Hold, and Sell cryptocurrencies” initiative would be expanded to “Venmo and select international markets.”
The president and CEO of First Boulevard Donald Hawkins expressed his excitement over the partnership with Visa.
As part of the agreement, the Ant Group will club all of its financial wings including blockchain and fintech arms in one holding company. Analysts note that this will, however, slow down the growth of the company.
The new crypto card by Uphold will also include some of its supported assets like the US equities, carbon credits, and precious metals.
The Binance Pay, according to the report currently supports five currencies which are Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), Binance USD (BUSD), and SXP.
Visa sees two classes of digital assets. New assets, like Bitcoin (BTC), are “digital gold.” Fiat-backed currencies, as well as stablecoins and central bank digital currencies, represent another class.
Visa dedicated a section of its earnings call to detail its plans for the cryptocurrency market niche.
Signal is developing payment features to enable the use of MobileCoin, a ” privacy-focused cryptocurrency” built on the Stellar network.