PayPal

Company
About PayPal

PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. PayPal’s payment system, also called PayPal, is considered a type of payment rail.

Established in 1998 as Confinity, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year.

In 2014, eBay announced plans to spin off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015.

PayPal Details
Operating Status: Active
Business Type: Private
Founded: 1998
Headquarters: San Jose, California, United States
CEO: Dan Schulman
Founders: Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Elon Musk
PayPal News
World’s Biggest Trade Organization ICC Launches Blockchain Initiative for Its 45M Members
April 12th, 2019

International Chamber of Commerce (ICC) has decided to integrate blockchain technology in its system. The ICC signed the contract with Perlin Net Group in a conference held in Singapore.

Max’s Corner: Cryptography of the Present, Past, and Future
April 9th, 2019

This edition of Max’s Corner takes a look at some recent developments in cryptography, Mastercard’s quest to find unicorns, and the emerging quantum cryptography arms race.

PayPal Makes Its Historic First Blockchain Investment
April 2nd, 2019

PayPal has made its first investment in a blockchain-related startup. It has supported Cambridge Blockchain that helps its clients manage sensitive data.

DeFi is Growing into the Next Generation of the Crypto Revolution
April 1st, 2019

The movement around decentralized finance (DeFi) is gaining swift traction, and many believe that it’s DeFi that will dominate blockchain space. Let’s find out what it is and why DeFi is such a big deal for the crypto community.

Now US Users Can Spend Their Money Directly on Instagram
March 20th, 2019

Instagram brings a new in-app checkout feature allowing users to shop products without leaving the app. This way Instagram plans to reduce traffic leakage and tap into users’ impulsive buying behavior.

Latest Companies' News

Samsung Electronics is going to build its own blockchain and to issue an Ethereum-based ERC-20 “Samsung Coin” token.

Currently, Lightning Labs’ new desktop app, allowing for easy Bitcoin transactions, works on MacOS, Windows, and Linux devices, with applications for mobile devices already being planned. 

Disney is Reportedly Set to Put Out $13,2B for South Korea’s Largest Game Developer Nexon

Global entertainment leader Disney is apparently in talks with NXC, which owns the largest video game publisher in South Korea, as well as two major cryptocurrency exchanges: Bitstamp and Korbit.

Binance Successfully Completes BNB Mainnet Swap

Today, on April 23, Binance has announced that it has completed the Binance Coin (BNB) mainnet swap. Now deposits and withdrawals are open.

Lightning Users Can Now Shop with Bitcoin on Amazon

Due to crypto-payment start-up Moon, application of Bitcoin payment on the Lightning Network has been enabled. Starting from April 24, payments can be made on Amazon using the crypto application.

Ripple Tries to Lure Vitalik Buterin While XRP Community Start Doubting Their Position

David Schwartz, the Chief Technology Officer of Ripple, hinted that Ethereum’s Vitalik Buterin might have accomplished great things if he had joined the company before creating Ethereum.

Ethereum Killer? More Projects Choose to Migrate to Binance Chain

More and more projects are taking a decision to migrate to Binance Chain. Such popularity positively influences the price of BNB.