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Cryptocurrencies Need To Be Used For Payments In Order To Grow, Says PayPal CTO

PayPal CTO, Sri Shivananda, believes that cryptocurrencies still have a long way to go in terms of mass adoption. While endorsing India’s digital asset ban removal, he noted that most consumers view them as assets instead of applicable currencies for actual payments. Crypto Needs More Use-Cases Sri Shivananda, the CTO of PayPal – one of...
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PornHub Adds Tron-Issued Tether (USDT) As Payment Option Following The PayPal Ban

Pornhub, the popular adult website, has updated its payment methods and has added Tether (USDT) as an option. Just months after PayPal stopped supporting the platform, the cryptocurrency world introduces a viable alternative. TRON and USDT On Pornhub The adult platform announced that it had added the most-widely used stablecoin Tether (USDT) as a new...
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Buying Litecoin with PayPal – Find Out What’s Possible in 2020

Litecoin is the sixth-largest cryptocurrency by market capitalization and it is often considered the silver of the cryptocurrency market since Bitcoin appears to be the gold standard. The Litecoin Project is potentially one of the projects that could power the mass-market adoption of cryptocurrencies because it is a lighter, faster, and scalable variant of Bitcoin. In this...
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PayPal Files Lawsuit Against CFPB Over ‘Confusing’ Digital Wallet Rules

PayPal, the leader in online wallet payments, has filed a suit against the US Consumer Financial Protection Bureau (CFPB) over new rules requiring overly strict and constraining reporting for its digital wallets. Complaints of Unnecessary Reporting The CFPB has announced a campaign to regulate so-called prepaid cards, to avoid money laundering. In the lawsuit, filed...
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Traders Can Now Bet On Libra Failure in New Crypto Futures Offering

The likelihood of a Facebook crypto currency actually launching next year is so questionable that a trading firm is now offering bets on whether the social media giant can meet its deadlines. Facebook Crypto Failure? According to a Bloomberg report crypto derivatives exchange CoinFLEX is launching physically settled futures contracts for Libra, or whether it...
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Bitcoin Rap Battle Explains It All: ‘The System Is So Broken, We Need That Crypto Token’

[embedded content] A co-founder of LinkedIn and a member of the PayPal Mafia, Reid Hoffman, released a new rap video describing a competition between central banks and cryptocurrency. His “epic rap battle” begins with presenting the U.S. Founding Father and first Secretary of the Treasury – Alexander Hamilton, and, of course – Satoshi Nakamoto (don’t...
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PayPal Caught Overcharging Clients; Is Bitcoin Ready to Take Over?

PayPal’s community page is full of grievances about how the payment giant is ripping its clients off with incorrect exchange rates. One of the users believes the US company is probably making $100,000 every day by selling one fiat currency for another at about 3-4 percent higher prices. Like always, PayPal has no explanation to...
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PrimeXBT Research: Where to Invest Safely in 2019

In July 2019, the United States Fed cut rates by 25 basis points, causing a massive sell-off across most assets and further fueling global economic concerns surrounding a growing trade war between the United States and China. The constant back-and-forth flip-flopping between the two country’s leaders is creating much uncertainty and fear in global markets,...
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After Visiting Switzerland, US Regulators Remain Worried About Libra

Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra. A delegation of the United States House of Representatives visited Switzerland last week because they have been concerned about cryptocurrency issues, especially regarding Facebook’s yet-to-come stablecoin Libra. Representative Maxine Waters published...
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Apple Card Launch Will Boost Apple Pay, Likely to Pose Strong Competition to PayPal

Experts from the payments industry believe that Apple Card launch can boost the company’s Apple Pay digital wallet system which can give tough competition to giants like Venmo, PayPal, and Square Cash. Earlier this week on Tuesday, August 20, tech giant Apple launched its Apple Card in the US market. Apple’s foray into the payments...
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Brave Move: Jennifer Lopez, Alex Rodriguez Invest in Fintech Company Acorns

Noah Kerner, the CEO of Acorns, anticipates converting niche savings app into bank option utilized by about 100 million users, while celebrities are opting for Acorns to invest in. Jennifer Lopez and Alex Rodriguez, former baseball player, are the latest dual celebrities to invest in the fintech firm Acorns Grow Inc, according to the Wall...
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