$108,378.00
-0.53%$2,550.97
-0.89%$2.26
-0.34%$660.13
-0.35%$149.22
-1.74%$0.999894
0.01%$0.287037
-0.10%$0.168047
-2.91%$2,551.04
-0.87%$0.575975
-1.60%$108,210.00
-0.52%$37.77
-5.09%$3,085.51
-0.53%$2.87
-1.59%$497.56
0.37%$13.32
-2.16%$9.07
0.16%$0.249146
-0.50%$17.84
-2.13%$0.99984
-0.01%$0.00001177
-0.04%$2,733.34
-0.83%$2.76
-1.78%$2,551.37
-0.88%$0.156324
-2.49%$86.52
-1.36%$45.02
0.52%$1.00
0.08%$315.68
-1.78%$108,405.00
-0.50%$1.00
0.02%$3.34
-1.69%$4.29
-2.76%$7.41
0.01%$281.76
-1.91%$0.00000989
-1.87%$0.457622
-1.83%$1.18
0.03%$320.95
-1.92%$47.99
-0.97%$1.00
0.00%$4.38
-1.84%$181.47
-1.63%$2.13
-2.09%$4.75
-1.87%$0.080665
-0.74%$16.44
-1.13%$0.779153
-2.03%$1.058
0.02%$1.001
0.06%$0.074926
-3.29%$4.44
0.21%$0.563228
-1.09%$15.59
0.67%$4.03
-1.19%$0.00002321
6.01%$0.02034258
-2.07%$0.665945
-1.70%$8.48
-2.03%$0.07852
-0.68%$0.185128
0.57%$107,914.00
-1.04%$3.14
-2.54%$0.327205
-2.33%$0.254206
-4.07%$2,551.34
-0.86%$106.23
-2.40%$2.25
-1.99%$4.48
-0.65%$0.173889
-1.39%$0.861614
-3.08%$0.999681
0.02%$0.997786
-0.05%$11.04
-0.32%$158.20
-1.70%$0.249862
-5.41%$0.999894
-0.00%$0.4294
-3.59%$15.75
-8.32%$2,675.20
-0.86%$1.22
-0.08%$2,907.12
-0.85%$1.25
-7.60%$0.01588832
-4.12%$1.56
-6.91%$1.081
-7.58%$0.999756
-0.00%$0.065275
0.76%$10.34
-2.20%$1.00
0.09%$0.643779
-2.25%$0.304577
-2.22%$2,731.94
-0.79%$1.47
-5.30%$2,679.85
-0.91%$1.11
-0.02%$0.01500889
-0.74%$0.535017
-2.32%$3,337.74
0.58%$108,132.00
-0.64%$3.13
-0.66%$108,166.00
-0.55%$0.99971
-0.01%$660.42
-0.29%$0.149668
-1.07%$2,694.36
-0.56%$109,014.00
-0.83%$0.841861
-2.78%$3,329.34
0.67%$0.00008426
0.04%$0.082263
-2.96%$0.494833
3.09%$167.51
-1.63%$2.24
-2.08%$0.412536
-1.80%$195.12
-1.65%$2,756.50
-1.03%$111.71
0.02%$0.506892
-1.15%$10.74
0.01%$0.679083
-3.40%$0.998065
-0.01%$0.719366
-3.42%$1.85
-3.97%$1.087
-0.29%$0.01394308
-2.54%$38.58
-0.44%$18.41
-1.83%$0.155445
-2.72%$0.00000061
0.29%$37.78
-5.08%$0.227823
-1.04%$107,879.00
-0.32%$0.241528
-1.77%$0.997692
0.01%$0.684942
-3.14%$0.01199412
-3.07%$2.16
-1.98%$2,551.23
-0.85%$107,948.00
-0.82%$0.523289
-5.46%$0.00840978
3.60%$3.37
-1.24%$2,721.93
-1.11%$0.523136
-1.28%$0.397884
-2.47%$2,550.50
-0.90%$0.095063
-3.77%$0.99339
-0.64%$2,683.32
-0.19%$0.324031
-1.56%$108,395.00
-0.47%$2,551.39
-0.86%$0.262189
-1.74%$0.998108
-0.08%$24.62
0.42%$0.48701
-2.83%$0.999879
0.01%$0.230635
-0.34%$0.595311
-2.93%$0.999901
0.01%$0.01361777
-3.53%$1.32
-1.83%$7.76
1.48%$0.061123
1.34%$0.00000044
-0.32%$0.167827
-3.01%$1.34
-1.98%$0.00429267
-5.49%$1.00
-0.02%$0.39455
-0.72%$2.30
-1.17%$37.77
-5.07%$0.04199758
-4.09%$1.093
0.00%$0.997372
0.13%$0.00690344
-4.43%$0.110877
-2.74%$2,713.76
-0.71%$0.517214
-1.55%$0.147732
-4.17%$40.55
-1.31%$5.39
-1.70%$1.002
0.13%$0.00000097
-4.33%$13.24
-0.97%$0.072485
-2.67%$108,129.00
-0.79%$2,550.23
-0.76%$0.00001829
-1.91%$0.999893
-0.01%$0.303249
-3.11%$0.359448
-9.05%$0.14265
-2.43%$0.494769
3.13%$0.936563
-3.85%$2,814.84
-0.85%$1.45
-4.97%$2.11
-2.63%$1.12
-3.21%$0.00373151
-3.59%$0.03434774
-1.06%$2,790.72
-0.97%$0.03483845
-2.76%$20.50
-0.01%$1.15
0.32%$0.209562
53.16%$0.01727692
-0.39%$108,271.00
-0.57%$5.00
-2.68%$2,550.41
-0.92%$0.04512098
-2.19%$0.316425
-3.07%$0.998921
0.03%$0.999843
0.07%$0.999891
0.01%$0.474284
-0.86%$0.00595574
-3.69%$0.311866
-2.85%$2,548.22
-0.93%$0.00005588
-1.44%$10.32
-0.81%$0.999349
0.03%$163.14
-1.66%$0.659741
0.29%$0.063674
-3.97%$1.001
-0.04%$110.84
-0.56%$0.69468
-1.51%$3,087.75
-0.77%$1.055
-1.09%$1.019
0.03%$0.00335643
-1.45%$1.22
0.04%$0.283992
-6.32%$17.81
-2.19%$0.00000135
-1.94%$108,210.00
-0.62%$0.106117
-6.10%$0.668572
-2.07%$2,176.31
-0.52%$0.185586
0.74%$0.588756
-0.60%$0.189463
-0.91%$1.63
0.56%$15.61
-0.82%$101,903.00
-0.17%$0.02619355
-2.36%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."
Will Solana token launchpad Pump.fun drop its own token? According to a major crypto exchange, the platform is planning to do so later this week—though the page detailing the potentially $600 million sale has since been pulled. According to a page on crypto exchange Gate that was apparently removed following substantial social media attention, Pump.fun is gearing up to offer its PUMP token for sale starting July 12. Per the now-deleted page, Pump.fun and Gate will offer 150 billion PUMP in a pub...
Publicly traded firms Semler Scientific and Metaplanet both bought more Bitcoin on Monday, adding to their already large holdings even as Bitcoin treasury trend-setter Strategy paused its purchases. Semler, a firm that develops products for treatment and detection of chronic disease, bought 187 Bitcoin for $20 million. Japanese investment firm Metaplanet snagged 2,205 BTC for nearly $239 million. Semler now holds 4,636 BTC worth more than $500 million while Metaplanet’s treasury has grown to 15...
A proposal backed by Ethereum co-founder Vitalik Buterin would introduce restrictions on the amount of computational work individual transactions can command, strengthening the network against potential attacks and support more advanced forms of cryptography. The proposal, dubbed EIP-7983, was co-authored by Ethereum Foundation Researcher Toni Wahrstaetter and recommends a so-called gas limit of 16,777,216 gas. Currently, Ethereum has a per-block gas limit of around 36 million, with no gas limit...
