$84,572.00
-0.08%$1,589.76
-0.38%$2.08
-1.24%$591.67
0.66%$134.78
0.92%$0.999898
0.00%$0.155853
-0.24%$0.243374
-1.83%$0.616566
-0.60%$1,589.70
-0.37%$84,456.00
-0.21%$9.14
-3.42%$12.52
0.34%$19.08
-1.37%$3.00
1.44%$0.243738
2.02%$0.999909
-0.01%$0.00001203
1.62%$0.165627
3.25%$2.13
1.35%$1,907.77
-0.45%$338.45
1.95%$75.74
0.89%$3.72
2.46%$16.77
0.82%$0.99927
-0.10%$4.37
0.36%$0.999059
0.01%$1,591.67
-0.36%$0.616802
1.65%$218.08
0.41%$27.84
0.12%$1,694.27
-0.36%$84,540.00
-0.15%$5.21
0.32%$50.33
-1.08%$0.00000714
-1.77%$4.72
3.35%$34.50
2.29%$22.33
0.23%$0.833294
-1.10%$1.048
-0.03%$2.06
1.17%$1.00
0.00%$15.45
3.25%$4.76
1.72%$0.084056
0.70%$262.92
13.14%$0.666611
-5.16%$1.17
0.01%$138.83
0.42%$3.99
0.66%$0.02334025
3.07%$0.077003
0.01%$4.17
2.13%$4.23
0.08%$84,122.00
-0.23%$0.190899
3.87%$0.188651
4.51%$2.47
3.45%$0.998976
0.08%$0.283751
3.78%$7.74
0.92%$0.468038
-1.19%$2.38
2.18%$3.84
0.36%$0.290937
3.68%$0.512329
9.05%$84,294.00
-0.31%$10.16
1.18%$1,352.90
-0.09%$141.30
0.87%$0.070966
-0.14%$0.660184
2.88%$0.378806
3.06%$3.86
-2.71%$1.021
-0.70%$1,588.84
-0.48%$0.01510626
2.78%$0.624773
2.27%$0.999894
0.02%$1,653.53
-0.60%$64.14
-3.13%$0.00001197
1.70%$0.716166
2.64%$0.595879
2.79%$0.17215
2.34%$0.999644
-0.03%$0.999621
-0.08%$3,348.95
0.05%$0.999857
0.02%$0.603456
0.43%$0.437131
6.71%$13.87
-0.17%$7.96
3.45%$3,353.96
0.15%$1,793.11
-0.32%$0.7616
-12.95%$591.57
0.61%$0.077816
1.35%$82,929.00
-1.33%$0.9976
-0.08%$84,443.00
-0.10%$0.0136124
-1.31%$0.653023
2.75%$148.28
0.96%$0.261666
5.61%$2.16
-5.26%$0.01423583
2.78%$173.01
0.94%$0.999254
-0.02%$0.694299
0.83%$1,690.48
-0.29%$3.42
-1.68%$0.633499
-8.82%$0.160908
2.19%$0.00000061
-0.90%$0.01794489
-6.51%$0.101653
1.51%$1.096
0.82%$0.239471
1.24%$0.577716
-4.36%$0.359707
4.15%$28.42
2.04%$1.91
6.59%$0.00005639
4.37%$0.280673
4.78%$0.502588
1.87%$1.61
0.84%$3.15
2.34%$0.138394
7.45%$84,774.00
0.94%$1,660.91
-0.56%$0.998003
0.05%$0.394112
-4.83%$0.06832
-0.11%$30.37
-1.56%$82,523.00
0.31%$14.07
0.93%$0.999908
0.00%$1.68
-1.28%$0.425583
-0.98%$0.999902
0.00%$0.573953
3.51%$84,481.00
-0.17%$2.02
2.51%$83,087.00
0.00%$0.00742526
7.85%$0.00000042
-1.36%$0.00449418
-2.53%$0.435408
-5.56%$0.998351
-0.21%$1.15
1.90%$0.403808
7.25%$1,661.05
-0.49%$1.073
0.01%$14.29
4.69%$0.155756
-0.17%$0.00002003
4.43%$5.57
3.27%$110.75
0.03%$1,693.58
-0.35%$84,113.00
-0.28%$1,590.81
-0.35%$0.572617
3.64%$22.71
-1.00%$2.30
4.71%$0.999626
0.03%$3.30
-12.45%$39.94
2.69%$0.122577
1.69%$1,590.07
-0.34%$5.35
8.61%$0.03663732
2.32%$0.997016
-0.23%$1,589.43
-0.53%$0.429818
3.94%$1,588.93
-0.46%$0.067086
5.67%$0.03433649
1.64%$0.999955
-0.02%$0.127539
-4.04%$0.188981
4.67%$0.162215
2.18%$1.001
0.05%$0.070906
6.60%$0.00613485
7.68%$0.00005893
1.59%$0.01663363
-0.38%$0.999684
-0.02%$0.272724
5.79%$0.75786
2.35%$0.391775
-1.15%$0.999581
-0.00%$0.00493449
4.71%$0.490448
-0.53%$0.03061516
0.09%$0.00353669
-0.70%$0.999835
-0.01%$1,614.21
0.20%$108.08
-0.96%$0.664395
-9.03%$0.292192
1.77%$3.48
-8.61%$0.273671
6.45%$1.00
-0.02%$84,552.00
-0.14%$3,232.49
0.03%$0.00000133
-1.32%$2.44
4.68%$85,226.00
1.12%$0.126521
-2.89%$1.051
1.69%$0.210739
5.17%$2.73
0.13%$20.90
3.06%$0.566499
1.14%$1,573.79
-0.30%$0.03659019
6.78%$0.999708
-0.01%$1,589.98
-0.31%$0.531573
2.88%$21.76
2.58%$0.171069
3.40%$0.417559
1.08%$0.239317
-3.70%$1,684.72
-0.27%$0.01174262
3.16%$3.56
1.43%$0.02727187
3.13%$1,697.61
-0.13%$0.100049
3.66%$0.458406
0.80%$19.06
-1.44%$0.00037782
1.62%$0.02177255
44.22%$0.00248361
-0.45%$0.258507
5.47%$2.08
5.75%$0.087659
7.55%$0.916875
5.13%$0.999847
0.00%$0.00243263
7.30%$0.633316
1.70%$1.32
11.16%$1.14
0.12%$1,742.88
-0.26%$84,483.00
-0.20%Reading
PayPal announced on Tuesday that crypto users can now move funds off its platform, a long-awaited feature that will make the company's offering more like other popular cryptocurrency services.
"Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges," the financial giant said in a statement.
The ability to conduct external transfers on PayPal's crypto platform, an image of which can be seen below, will start rolling out to users today and be available to everyone in the U.S. in the next week or two.
PayPal first launched its crypto offering in late 2020, allowing users to buy, sell, and hold four cryptocurrencies—Bitcoin, Ethereum, Bitcoin Cash, and Litecoin—but not to move the funds to external destinations like MetaMask, Coinbase, or hardware wallets.
The fact users now can do this is significant because PayPal, which also owns the popular app Venmo, is used by hundreds of millions of people across the world to move money, and is increasingly used by merchants as a payment platform.
PayPal CEO Dan Schulman talks to Decrypt Executive Editor Jeff Roberts about Bitcoin, the crypto market, regulation, PayPal's recent entry in the industry, and what's next in digital payments.
It's also notable that PayPal is not backing off its ambitious crypto plans despite a financial downturn that's seen the company's share price get battered in recent months.
In an interview with Decrypt, a PayPal executive said the company is taking the long view when it comes to pursuing a crypto strategy.
"The whole reason we're in crypto is because we believe a substantial portion of commerce is going to move to digital currencies," said Jose Fernandez da Ponte, the company's SVP of blockchain and crypto.
Fernandez da Ponte added this is a big reason the company doesn't charge for crypto transactions—namely, because its crypto plans revolve around commerce, not operating an exchange business. He also noted that PayPal is bullish on more countries embracing stablecoins and central bank currencies, a development that would favor the company's business model.
A massive sell-off in the crypto markets, which has seen Bitcoin briefly dip below $30,000, has also triggered collateral damage to the stock price of public companies with high exposure to crypto markets. While overall share prices are sagging amid general market turmoil, the carnage has been especially brutal for the likes of Coinbase, PayPal, and Block (formerly Square), all of which are heavily invested in the future of crypto. While the NASDAQ index is down around 5.5% over the past five da...
It's unclear for now how much crypto is contributing to PayPal's bottom line, especially as the company doesn't disclose how many people are using its Bitcoin and Ethereum service. If the likes of Coinbase and Robinhood—two firms with large crypto businesses—are any comparison, the volume of crypto transactions at PayPal has likely dropped significantly with the recent market downturn.
Fernandez da Ponte said he's unfazed.
"There’s a lot of discussion about crypto winter, but it’s important to see beyond that," he said. "The macro trend [of broad crypto adoption] is undisturbed."
Synthetix protocol’s sUSD stablecoin fell to a new low of $0.66 this week, over 30% below its intended $1 peg, extending a month-long depegging trend that has raised concerns about the protocol’s stability. “It is worth pointing out that sUSD is not an algo stable, it is a pure crypto collateralised stable,” Synthetix founder Kain Warwick wrote in an April 2 tweet thread. “The peg can and does drift but there are mechanisms to push it back in line... These mechanisms are being transitioned right...
It appears that the Central African Republic President hasn’t given up on the country’s official meme coin. He hinted Wednesday that the token is set to influence a future law. After the tease, the Central African Republic Meme (CAR) token has jumped 20% to a $15.8 million market cap, according to CoinGecko. “Some documents don’t just make laws. They make history! $CAR,” President Faustin-Archange Touadéra wrote on X. This was accompanied by a photo of a white document with the word “decret” at...
Solana-based meme coin launchpad Pump.Fun’s co-founder has pushed back against Coinbase’s Layer 2 network Base’s controversial auto-minted token experiment, making it clear his platform has no plans to follow suit. “There’s a reality where what Base did is normal in a few years’ time—but it DEFINITELY isn’t today and that has resulted in hurt,” co-founder Alon Cohen tweeted Thursday. The post was a direct response to the “Base is for everyone” token, which was minted automatically through oncha...
